Investments bring Nikola Motors valuation to $3 billion
by Rofida Khairalla | PinalCentral
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 Robert Bosch GmbH and South Korean business conglomerate Hanwha have each invested at least $100 million, Nikola representatives said in a press release. The exact figure each company put up was not released.
The announcement comes not long after the company revealed that a European corporation, CNH Industrial NV, invested $250 million in the Series D fundraising effort — putting Nikola’s premoney valuations at $3 billion.
