CNH Industrial joins Nikola, the US startup specialising in fuel cell and battery-electric trucks, with 250 million dollars. The investment is part of a new round of financing in which Nikola intends to generate more than a billion dollars in capital.
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After Nikola Motor had issued a patent infringement claim against Tesla for “substantial” design inspiration, which they came from the Nikola One, Tesla has now received official design patents for the Semi.
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Nikola Motor says they raised over 100 million dollars in just one week. The current round of funding for $200 million is ongoing and will be oversubscribed, says CEO Trevor Milton, if the trend continues. The money is to help Nikola launch and scale its two fuel cell trucks in 2020.
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Nikola Motor has received a large order from the US beer magnate mostly known for their Budweiser. Nikola will deliver up to 800 fuel cell trucks, which will be integrated into the Anheuser-Busch fleet as of 2020.
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Nikola Motor has filed a lawsuit against Tesla, claiming the Semi electric truck to be “substantially” similar to Nikola Motor’s fuel cell electric semi-truck design. In the filing, the infringement is estimated to be worth a loss of two billion dollars to Nikola. Tesla denies the allegations.
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US startup Nikola Motor has announced they will refund all deposits for the pre-orders of their electrified trucks within the next 60 days, without the pre-order applicants losing their place in the production line. It is a show of strength.
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Nikola Motor announced plans to set up shop in Arizona to make its H2 semi truck. A new factory will be build close to Phoenix from 2019 with production to start 2 years later. The start-up earmarked 1 billion dollars and says it will create 2,000 jobs.
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Nikola Motor has chosen Norwegian Nel ASA as exclusive supplier of components for 16 hydrogen stations. As reported, the U.S. start-up plans to launch a hydrogen-fuel-cell electric truck by 2020 – the Nikola One.
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