Country: USA | Funding: $3.2B
Nicola Motors is an American company that produces heavy-duty commercial battery-electric vehicles as well as fuel-cell and energy-efficient cars.
From 2016 through 2020, it developed a turbine-electric semi-truck that ran on natural gas.
On June 4, 2020, the company went public. The business anticipated delivering between 300 and 500 of its first Nikola Tre battery-electric semi-trucks to clients in February 2022. In December 2021, the business delivered its first two battery-electric trucks.
Nikola reportedly delivered 48 automobiles to dealers on August 4, 2022, and recorded an $18.1 million revenue.
As production of its Tre BEV electric semi-trucks scaled up, Nikola Corporation’s Q1 2022 financial statements revealed increasing costs.
In the first three months of the year, the corporation reported a greater net loss, up from Q1 2021’s $120.2 million to $152.9 million. Nevertheless, Nikola exceeded Wall Street’s projections for the quarter by reporting services-related revenue of $1.9 million. Despite this, the corporation did not make money from the selling of trucks.(link)
Accelerating zero-emissions with innovative energy solutions
- Technology Agnostic: Achieving zero emissions is not a zero-sum game. Battery-electric & hydrogen fuel cell electric technologies both have an important role to play.
- Electric Solutions: Battery-powered automobiles can now run-on electricity. Large battery charging for commercial trucks still has several issues, though. Complications including grid capacity, the best times to recharge, and infrastructure for efficient operations are still present. With our mobile charging solutions, Nikola Solutions focuses on advising you at every stage and assisting with the switch to permanent charging infrastructure.
- Hydrogen Solutions: Hydrogen is clean efficient and abundant source with high density then diesel. It emits zero carbon with water as the only byproduct when used to make fuel cell EV. Nikola is working to deliver a hydrogen fuel cell truck and also working together to build the infrastructure to make hydrogen conveniently accessible at a competitive cost.
- Consulting: Solutions for charging electric vehicles safely, dependably, and effectively will be offered by Nikola. You can choose and install an EV charger with the assistance of Nikola’s knowledgeable advisors. Since every EV infrastructure project is different, electric vehicle consultancy involves a wide range of activities. When deciding whether to install EV chargers and management software, if desired, there are numerous choices to be made.
- Mobile: Access to EV operations can be accelerated with the help of Nikola’s Mobile Charging Trailer (MCT). Simple-to-implement MCT can get you on the road to zero-emissions very quickly, while others must wait for licenses and the creation of recharging infrastructure. This will enable you to concentrate on how you want to run and expand your EV fleet before you pay a big capital expense. Knowing how you want to use your electric vehicles will make moving to a long-term infrastructure strategy easier.
- Infrastructure: The Tre BEV ecosystem includes the facilities for charging electric vehicles. The transition to zero emissions will be supported by Nikola’s entire solution, which he will walk you through. Our charging ecosystem will consist of networking, smart charging software, fixed DC fast charging infrastructure, cooperating with power utility providers, permitting needs, and projected project dates.
