Nikola Corporation announced last week that the hybrid electric Class 8 tractor truck manufacturer had completed a $210 million Series C investment funding round.
Anheuser-Busch and Nikola Motor Company have jointly announced an order for up to 800 hydrogen-electric powered Nikola Two semi-trucks. This announcement is significant from two dimensions. It serves as a market endorsement of hydrogen-electric powered Class 8 trucks as a preferred strategy for sustainable-powered heavy-duty vehicles for long-haul transportation services. The announcement further adds credence to investing in an industry disruptor that has definite manufacturing and infrastructure plans.