Nikola Corp. has announced two strategic investors from its prior funding rounds. Bosch and Hanwha have each invested at least $100 million, totaling $230 million.
Nikola has also announced the lead investor, CNH Industrial, as part of its $1 billion Series D fundraising plan. The company invested $250 million in the Phoenix hydrogen-electric truck maker.
“Bosch can help us commercialize very complex vehicle components and Hanwha can provide us with clean energy at hydrogen locations where possible,” said Trevor Milton, chief executive officer, Nikola.
Nikola says it is in the process of building a renewable hydrogen ecosystem in the United States and Europe, targeting 100% being produced from renewable sources.
