Friday, 16 November 2018

Nikola Motor finishes $205M Series C funding, eyes $1B round next year

Source: FreightWaves, 15th November 2018 by Brian Straight

Brian Straight reported, "The year 2018 has been a big one for Nikola Corporation, and investors continue to line up to support the hydrogen-electric truck startup. Next year might be even bigger. On Wednesday, Nikola Corporation announced it had completed an oversubscribed Series C funding round that began in August. Wednesday’s announcement was of $105 million, bringing the two-stage round to $205 million total. CEO and founder Trevor Milton said the goal was to raise $150 million. Investors have not been identified. (...)"

Read more at: https://www.freightwaves.com/news/equipment/nikola-motor-secures-series-c-funding