Nikola Corporation has announced two more strategic investors. Bosch and Hanwha have each invested at least $100 million, totalling $230 million, from its prior funding rounds.
The zero-emissions truck group perviously announced the lead investor, CNH Industrial, as part of its $1 billion fundraising plan.
Nikola says Bosch’s investment confirms its commitment to the development of hydrogen technology and hydrogen infrastructure.
South Korea’s Hanwha is Nikola’s exclusive solar panel provider, generating the clean electricity that is critical to the production of renewable hydrogen.
Trevor Milton, Nikola’s CEO, says: “I’m excited to finally share two of our strategic investors to date. Bosch can help us commercialize very complex vehicle components and Hanwha can provide us with clean energy at hydrogen locations where possible. Everyone wins because together we’re helping make zero emissions a reality. Rather than going at this alone like many startups do, my goal was to build the most powerful network of partners in the world, and I believe we have done a pretty good job at that with CNHI, Bosch, Hanwha and others.”
Nkola Corporation designs and manufactures hydrogen-electric vehicles, electric vehicle drivetrains, vehicle components, energy storage systems, and hydrogen stations. The company is privately-held and headquartered in Arizona, USA.