Nikola Motor and General Motors are kicking off a new strategic partnership that will see General Motors doing the heavy lifting to bring the Nikola Badger to market. In exchange for a $2 billion equity stake in Nikola and the right to nominate one director to the Nikola board, General … [continued]
Nikola is merging with VectoIQ as part of a move that will see the new company being listed on the NASDAQ at an estimated post-merger valuation of $3.3 billion. The new company will operate under the Nikola Corporation name and be listed under the stock ticker “NKLA.”
Trevor Milton is Nikola Motor’s Executive Chairman and Founder. A relatively young company, Nikola recently listed publicly on the NASDAQ stock exchange, and has garnered both excitement and scrutiny from investors and the media. Focusing mainly on the trucking industry, Nikola hopes to release a fleet of hydrogen fuel-cell powered semi trucks, along with a consumer pickup truck.
Nikola will start accepting pre-orders for its Badger electric pickup truck June 29. First deliveries are expected in about 24 months.
Today, Nikola Motors unveiled a new electric truck, the Badger. The vehicle is still in the early stages of development, but the company is working on a battery electric version and a hydrogen fuel cell electric configuration that can also recharge its onboard battery from the grid. The Badger will hit the market with a 600 mile (965 km) range and a 0–60 mph time of 2.9 seconds.
