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

As part of our launch and mission to bring the hydrogen supply chain together, H2 View has been providing you with complementary access to all our content.

From 1st January 2020, however, you will need to subscribe to H2 View to continue to have access to this breadth of content – including insightful comment and analysis, value-added interviews and features, and thought-provoking columnists.

A subscription to H2 View enables you to access all online content, from the latest authoritative columnists to the H2 View news archive, as well print editions of H2 View magazine.

Please wait...