Electric & Hybrid Vehicle Technology International
  • News
    • A-F
      • Battery Technology
      • Buses & Commercial Vehicles
      • Charging Technology
      • Concept Vehicle
      • Electrification Strategies
      • Fuel-cell Technology
    • G-K
      • Hybrid Powertrain
      • Hybrid/electric Architecture
      • ICE Hybrids
      • Industry News
      • Joint Ventures
    • L-Q
      • Manufacturing
      • Materials Research
      • Motor Technology
      • Motorsport Electrification
      • NVH
      • OEM News
      • Powertrain Components
      • Pure-electric Powertrain
    • R-Z
      • Range Extender
      • Solid-state Battery Technology
      • Testing
      • Transmissions
  • Features
  • Online Magazines
    • March 2025
    • November/December 2024
    • July 2024
    • March 2024
    • November 2023
    • July 2023
    • March 2023
    • Archive Issues
    • Subscribe Free!
  • Technical Articles
  • Opinion
  • Videos
  • Supplier Spotlight
  • Webinars
  • Events
LinkedIn YouTube X (Twitter)
Subscribe to Magazine SUBSCRIBE TO EMAIL NEWSLETTER MEDIA PACK
LinkedIn
Electric & Hybrid Vehicle Technology International
  • News
      • Battery Technology
      • Buses & Commercial Vehicles
      • Charging Technology
      • Concept Vehicle
      • Electrification Strategies
      • Fuel-cell Technology
      • Hybrid Powertrain
      • Hybrid/electric Architecture
      • ICE Hybrids
      • Industry News
      • Joint Ventures
      • Manufacturing
      • Materials Research
      • Motor Technology
      • Motorsport Electrification
      • NVH
      • OEM News
      • Powertrain Components
      • Pure-electric Powertrain
      • Range Extender
      • Solid-state Battery Technology
      • Testing
      • Transmissions
  • Features
  • Online Magazines
    1. March 2025
    2. November/December 2024
    3. July 2024
    4. March 2024
    5. November 2023
    6. July 2023
    7. March 2023
    8. November 2022
    9. July 2022
    10. Archive Issues
    11. Subscribe Free!
    Featured
    March 24, 2025

    New issue available now! March 2025

    News By Web Team
    Recent

    New issue available now! March 2025

    March 24, 2025

    New issue available now! November/December 2024

    December 2, 2024

    In this issue – July 2024

    July 19, 2024
  • Technical Articles
  • Opinion
  • Videos
  • Supplier Spotlight
  • Webinars
  • Events
LinkedIn
Electric & Hybrid Vehicle Technology International
Industry News

Nikola Motor Company raises US$100m in first week of funding round

Matt RossBy Matt RossAugust 15, 20182 Mins Read
Share LinkedIn Twitter Facebook Email
Nikola Motor Company raises US$100m in first week of funding round

Nikola Motor Company has raised US$100m of funding in the first week of the company’s financing sweep.

“Nikola’s business model has been vetted, and the investment world is taking notice,” says CEO Trevor Milton. “So far this year we have kicked-off plans to build the largest hydrogen network in the world with NEL; secured a massive 800-truck order commitment from Anheuser-Busch; developed the most energy dense battery system on the market with almost 400Wh per liter; engineered a 240kW fuel cell; kicked-off electric vehicle stability controls and electric ABS with Wabco; designed a thermo-management and HVAC system with Mahle; finalized the most advanced class-8 independent suspension on the market with Meritor; relocated our company to Arizona to build our new 150,000ft² headquarters; and now closed on US$100m.”

Milton also added that 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.

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.

For more on the company’s plans for its hydrogen-electric trucks, you can read E&H Vehicle’s interview with Jesse Schneider, vice president of hydrogen and fuel cell technologies, available in the current issue of the magazine.

Share. Twitter LinkedIn Facebook Email
Previous ArticleNissan establishes second-life battery research project in Brazil
Next Article Jaguar and GKN Driveline set UK course record with Formula E car
Matt Ross

Matt joined UKi Media & Events in 2014 after seven years of living and working in Dubai. He has been a journalist for over a decade and has worked for a wide range of publications, including Rolling Stone, Time Out, iQ and Loaded. After starting out on the automotive team as deputy editor of Engine Technology International, Electric & Hybrid Vehicle Technology International and Transmissions Technology International, he began editing Electric & Hybrid Vehicle Technology International in 2016, and took over as editor of Tire Technology International in 2018.

Related Posts

Industry News

Tesla loses European market lead to BYD amid shifting EV landscape

May 22, 20252 Mins Read
Industry News

Chinese EV giant BYD selects Budapest for European headquarters and R&D center

May 19, 20252 Mins Read
Industry News

FEATURE: Green Power Park

April 30, 20256 Mins Read
Latest Posts

Alpine introduces latest all-electric model to Dream Garage range

May 28, 2025
Schaltbau's megawatt charging technology being used on a vehicle

Schaltbau to highlight megawatt charging technology at The Battery Show Europe 2025

May 28, 2025

Turntide’s Gen 5 battery offers OEMs faster market entry with built-in safety standards

May 28, 2025
Our Social Channels
  • YouTube
  • LinkedIn
Getting in Touch
  • Free Email Newsletters
  • Meet the Editors
  • Contact Us
  • Media Pack
FREE WEEKLY NEWS EMAIL!

Get the 'best of the week' from this website direct to your inbox every Thursday


© 2023 Mark Allen Group Ltd | All Rights Reserved
  • Cookie Policy
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.