CNH Industrial invests in Nikola

CNH Industrial invests in Nikola

CNH Industrial has entered into a strategic and exclusive heavy-duty truck partnership with Nikola Corporation, based in Phoenix, Arizona.

CNH Industrial will take a $250m strategic stake in Nikola as the lead Series D investor. Pre-money valuation was set a $3bn. Nikola anticipates raising over $1nm in the D round, granting approximately 25% ownership to new investors and business partners, including CNHI.

The partnership will accelerate industry transformation towards emission neutrality of Class 8 / heavy duty trucks in North America and Europe through the adoption of fuel cell technology. Nikola’s heavy-duty trucks, powered by hydrogen fuel cell and battery technology, will be the first-to-production.

... to continue reading you must be subscribed

Subscribe Today

To gain access to this article and all our other content, you will need to subscribe to H2 View.

From the latest print editions, to 24/7 online access to exclusive interviews, authoritative columnists and the H2 View news archive, a subscription is the best way for you to stay up to date with developments in the hydrogen community.

Please wait...