Nikola Corporation

Nikola Corporation is a technology innovator and integrator headquartered in Phoenix, Arizona that is dedicated to developing energy and transportation solutions. The company’s two main business units are Truck and Energy. The Truck business unit is responsible for developing and commercializing battery-hydrogen electric and battery-electric semi-trucks for the trucking sector. This unit recently announced a partnership with Anheuser-Busch, the first of its kind, to provide up to 800 hydrogen fuel-cell powered semi-trucks and hydrogen fueling infrastructure.

The Energy business unit focuses on the development and construction of a network of hydrogen fueling stations, as well as providing BEV charging solutions for FCEV and BEV customers and other third-party customers. Nikola Corporation also offers services such as assembling, integrating, and commissioning its vehicles in collaboration with its business partners and suppliers.

Nikola Corporation was founded in 2015, and has since grown significantly. The company offers a series of hydrogen fuel cell-electric vehicles and other advanced technology solutions for commercial vehicle fleets, most notably two semi-trucks, the Nikola Tre and the Nikola Two. The company has also announced plans to offer a line of integrated powertrain solutions for medium and heavy-duty trucks, as well as a hydrogen infrastructure network for its vehicles.

In November 2020, Nikola Corporation listed on the NASDAQ Exchange and began trading publicly. Since then, the company’s stock has experienced enormous growth, almost tripling in value over the past year. Nikola Corporation is also actively engaging in mergers and acquisitions in an effort to expand its business portfolio into the maritime and recreational vehicle sectors. The company has recently acquired hydrogen-powered boat manufacturer Valence Industries and recreational vehicle company W.A.V.E. Industries in order to diversify its offerings.