November 17, 2024 4:46 am
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New investments bring Nikola Motors valuations to $3 billion

By Rofida Khairalla | Pinal Central

Nikola Motor Company has revealed the names of two investors from a previous funding round, with a combined stake in the hydrogen electric semi-truck manufacturer totaling $230 million. 

Both the technology company Bosch and South Korean business conglomerate Hanwha have each invested at least $100 million dollars, Nikola representatives said in a press release. The exact figure each company speculated was not released. 

The announcement comes not long after the company revealed that a European corporation, CNH Industrial N.V., invested $250 Million in the series D fundraising effort — putting Nikola’s pre-money valuations at $3 billion. 

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