About Nikola Motor
Nikola Motor is a company based in Phoenix (United States) founded in 2015.. Nikola Motor has raised $700 million across 13 funding rounds from investors including Nel Hydrogen, Bosch and Iveco. Nikola Motor has completed 2 acquisitions, including Free Form Factory and Romeo Power. Nikola Motor offers products and services including TRE FCEV, TRE BEV, and HYLA. Nikola Motor operates in a competitive market with competitors including PlusAI, Arrival, Lightning eMotors, Gatik and Einride, among others.
- Headquarter Phoenix, United States
- Stage Public
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Sectors
Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Nikola Corporation
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Annual Revenue
$35.84 M-27.93as on Dec 31, 2023
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Net Profit
$-966.28 M-23.21as on Dec 31, 2023
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EBITDA
$-606.6 M7.63as on Dec 31, 2023
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Total Equity Funding
$700 M (USD)
in 13 rounds
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Latest Funding Round
$16.3 M (USD), Grant
Aug 01, 2023
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Investors
Nel Hydrogen
& 17 more
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Employee Count
Employee Count
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Investments & Acquisitions
Free Form Factory
& 1 more
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IPO & Listings of Nikola Motor
Nikola Motor is a publicly listed company on the OTC with ticker symbol NKLAQ in USA, operating in the Consumer durables sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Nikola Motor
Nikola Motor offers a comprehensive portfolio of products and services, including TRE FCEV, TRE BEV, and HYLA. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Hydrogen fuel cell truck for long-distance zero-emissions hauling.
Battery-powered vehicle for metro-regional zero-emissions transport.
System for hydrogen sourcing, distribution, and dispensing services.
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Funding Insights of Nikola Motor
Nikola Motor has successfully raised a total of $700M across 13 strategic funding rounds. The most recent funding activity was a Grant round of $16.3 million completed in August 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 13
- Last Round Grant — $16.3M
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First Round
First Round
(20 Dec 2017)
- Investors Count 18
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2023 | Amount | Grant - Nikola Motor | Valuation |
investors |
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| Jul, 2023 | Amount | Grant - Nikola Motor | Valuation |
investors |
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| Aug, 2021 | Amount | Grant - Nikola Motor | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Nikola Motor
Nikola Motor has secured backing from 18 investors, including institutional and venture fund investors. Prominent investors backing the company include Nel Hydrogen, Bosch and Iveco. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity investment firm based out of USA
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Founded Year | Domain | Location | |
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Access to government programs and development services is provided.
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Founded Year | Domain | Location | |
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Air quality management services are provided for regulatory compliance.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Nikola Motor
Nikola Motor has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Free Form Factory and Romeo Power. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Developer of electric jet ski
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2015 | ||||
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Lithium-ion batteries for electric vehicles are manufactured by Romeo Power.
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2015 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Nikola Motor
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Nikola Motor Comparisons
Competitors of Nikola Motor
Nikola Motor operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as PlusAI, Arrival, Lightning eMotors, Gatik and Einride, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Self-driving technology for commercial trucks is developed by PlusAI.
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| domain | founded_year | HQ Location |
Multi-category commercial electric vehicles, including buses and vans, are manufactured.
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| domain | founded_year | HQ Location |
SaaS management solutions for EV charging operators are provided.
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| domain | founded_year | HQ Location |
AI-enabled platform offering self-driving delivery trucks and delivery management system
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| domain | founded_year | HQ Location |
Autonomous electric trucks are manufactured for freight and emissions management.
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| domain | founded_year | HQ Location |
Developer of multiple categories of commercial vehicles
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Nikola Motor
Frequently Asked Questions about Nikola Motor
When was Nikola Motor founded?
Nikola Motor was founded in 2015 and raised its 1st funding round 2 years after it was founded.
Where is Nikola Motor located?
Nikola Motor is headquartered in Phoenix, United States. It is registered at Phoenix, Arizona, United States.
Who is the current CEO of Nikola Motor?
Mark Russell is the current CEO of Nikola Motor.
Is Nikola Motor a funded company?
Nikola Motor is a funded company, having raised a total of $700M across 13 funding rounds to date. The company's 1st funding round was a Grant of $2M, raised on Dec 20, 2017.
What is the annual revenue of Nikola Motor?
Annual revenue of Nikola Motor is $35.84M as on Dec 31, 2023.
What does Nikola Motor do?
Nikola Motor was founded in 2015 in Phoenix, United States, within the electric vehicle sector. Electric semi-trucks, pickup trucks, refuse collectors, and hydrogen fuel-cell sleeper semi-trucks are developed. Models such as Nikola Tre, Nikola Two, and Nikola Energy are produced, incorporating features like dual-speed compression, infotainment displays, independent quad electric motors, and digital cockpits. Operations center on transportation applications across North America.
Who are the top competitors of Nikola Motor?
What products or services does Nikola Motor offer?
Nikola Motor offers TRE FCEV, TRE BEV, and HYLA.
Is Nikola Motor publicly traded?
Yes, Nikola Motor is publicly traded on OTC under the ticker symbol NKLAQ.
How many acquisitions has Nikola Motor made?
Nikola Motor has made 2 acquisitions, including Free Form Factory, and Romeo Power.
Who are Nikola Motor's investors?
Nikola Motor has 18 investors. Key investors include Nel Hydrogen, Bosch, Iveco, State of California, and DOE.
What is Nikola Motor's ticker symbol?
The ticker symbol of Nikola Motor is NKLAQ on OTC.