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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Nikola is gaining momentum with hydrogen trucks

Hydrogen Trucks - Image of Tractor Trailer

Automaker plans to build a new $1 billion manufacturing facility in Arizona Nikola Motor Company, a developer of clean trucks, has announced plans to build a new 500-acre manufacturing facility in Arizona. The new facility will cost approximately $1 billion to develop and is meant to boost the company’s development of hydrogen-powered trucks. Nikola is well on its way to commercializing large hydrogen trucks equipped with hydrogen fuel cells. The company plans to begin construction on its new manufacturing facility by the end of 2019. Arizona chosen for its promising…

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Nikola unveils new truck equipped with a hydrogen fuel cell that can travel 1,200 miles on a single tank of fuel

New truck could be the most efficient vehicle of its kind Automaker Nikola Motor Company has unveiled a new class 8 truck that will be powered by a hydrogen fuel cell. The massive truck is designed for heavy-duty transportation and will be a much more environmentally friendly solution for companies interested in cutting down on emissions and fuel consumption. According to Nikola, the new truck will be able to travel as much as 1,200 miles on a single tank of hydrogen fuel. The vehicle is expected to be released at…

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