Electric Vehicle

Nikola raises $100 million

Nikola Motor Company designs and manufactures electric vehicles, vehicle components, energy storage systems, and electric vehicle drivetrains.

Nikola CEO Trevor Milton has announced that he anticipates the $200 million C round will be oversubscribed with more than $100 million already raised and funded this month.

It is known that Nikola Motor Company designs and manufactures electric vehicles, vehicle components, energy storage systems, and electric vehicle drivetrains.

The company is pioneering hydrogen-electric renewable technology. The zero-emission trucks — which will be able to travel between 500 and 1,200 miles and be refilled within 20 minutes —will be part of fleets beginning in 2020 and in full production by 2021. To date, the company has nearly eleven billion dollars in pre-order reservations.

By 2028, Nikola is planning on having more than 700 hydrogen stations across the USA and Canada. The first 14 stations will be up and running by 2021.

The company will soon announce a 2019 event in Phoenix, where customers, suppliers, media and industry insiders will be able to see all the latest Nikola products unveiled and in action.

Source: Press Release

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