Over 100m dollars raised to support launch of Nikola fuel cell trucks

Nikola Fuel cell trucks - Truck on road at sunset

Nikola Motors says it has raised millions in just one week. Nikola fuel cell trucks – Nikola One and Nikola Two – have received more support. The Salt Lake City-based American hybrid truck design company claims it has raised more than $100 million in just one week after launching its new round of funding for $200 million. The money is to assist Nikola Motors launch and scale it two hydrogen-powered trucks in 2020. This round of funding will continue for another three weeks. The current round of funding for $200…

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Toyota unveils the latest version of its hydrogen fuel cell truck

Hydrogen fuel cell truck - Image of tractor trailer

The new fuel cell truck model has been nicknamed the “Beta Truck.” Japanese automaker, Toyota, has recently revealed the latest version of its Project Portal hydrogen fuel cell truck. Dubbed the “Beta Truck”, version 2.0 of the hydrogen fuel cell eclectic Class 8 heavy duty tuck, builds on what the company learned form version 1.0 of its truck that it nicknamed the “Alpha Truck.” The Beta Truck has improved range, versatility and maneuverability. During a media briefing at a Center for Automotive Research meeting that took place on July 30th…

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Hydrogen fuel truck developer Nikola is suing Tesla for more than $2 billion

Hydrogen Fuel - Lawsuit - Nikola - Tesla - Gaval

Nikola claims that Tesla has infringed upon its patents Electric vehicle producer Tesla is being sued for more than $2 billion by Nikola, a developer of commercial trucks that are powered by hydrogen fuel. Nikola claims that Tesla has infringed upon its patents, arguing that the automaker copied the design of its large truck, which was first unveiled in May of 2016. A court filing from November 2017 shows that Nikola sent a cease-and-desist order to Tesla concerning the automaker’s use of features in its new electric truck. Both trucks…

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