Company profile: Nikola Motor
1.1 - Company Overview
Company description
- Provider of heavy-duty battery-electric and hydrogen fuel cell trucks, including Nikola Tre BEV for short-haul metro-regional use and Nikola Tre FCEV for long-distance routes. Offers HYLA hydrogen production, distribution, and dispensing solutions, and Nikola Smart Tech, a digital suite for connectivity, real-time vehicle monitoring, and remote access for drivers, fleet operators, dealers, and service technicians.
Products and services
- HYLA: Industrial-grade hydrogen production, distribution, and dispensing systems supporting the transition to zero-emissions in commercial transportation
- Nikola Hydrogen Fuel Cell Electric Vehicle (FCEV): Class 8 hydrogen-powered truck engineered for long-distance and continuous metro-regional duty, offering up to 500 miles of range and 20 minutes or less refueling
- Nikola Tre BEV: Battery-electric semi-truck optimized for short-haul metro-regional applications, providing up to 330 miles of range with a charging time of 90 minutes for 80% charge
Key contacts
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Financial details
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1.2 - Competitors and similar companies to Nikola Motor
QEV Technologies
HQ: Spain
Website
- Description: Provider of electric mobility solutions, including ZEROID sustainable electric vehicles and platforms for urban fleets (vans, chassis, buses), hydrogen/electric platforms for buses and heavy-duty trucks; electric car prototypes and small-scale production; ZEROID complete electric buses for urban and intercity; training in electric motorsport and e-racing; participation in international electric motorsport; and advanced R&D.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
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- Total funding raised: $●●●m
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T3 Motion
HQ: United States
Website
- Description: Provider of electric three-wheel stand-up personal mobility vehicles for law enforcement, public safety, private security, and government, including the T3 Series and T3 Patroller. Offers AutoVu TicketMaster LPR for automated license plate recognition, plus an online shopping site for parts and vehicles and an onsite service appointment system with dealer manuals and documentation.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
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View full T3 Motion company profile →
Lightship RV
HQ: United States
Website
- Description: Provider of all-electric RVs, designing and producing aerodynamic, battery-powered travel trailers. Offers the L1 Travel Trailer, engineered for minimal range loss with aerodynamic design, integrated solar power, and a self-propelled drivetrain for off-grid capabilities.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
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Unu Motors
HQ: Germany
Website
- Description: Provider of battery-powered, emission-free smart electric scooters, including unu Scooter Pro (4 kW Bosch motor, LCD display, app support, up to 100 km range) and unu Scooter Move (LED display, ample storage, up to 120 km range). Also offers scooters for business use with flexible purchase or leasing, a dealer program for retail partners, and a Help Center for troubleshooting, maintenance, and repair.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
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Clean Motion
HQ: Sweden
Website
- Description: Provider of sustainable, energy- and resource-efficient urban electric vehicles built locally, based in Sweden, including EVIG, a lightweight, solar-assisted delivery EV with customizable cargo and fleet connectivity, and Zbee, a compact electric three-wheeler for urban transport manufactured under license in India.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
View full Clean Motion company profile →
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2.M&A buyers
2.1 Potential strategic acquirers in the sector
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2.2 - Strategic buyer groups for Nikola Motor
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Buyer group 3: ████████ ████████
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3. Investors and private equity firms
3.1 - Buyout funds investing in similar companies to Nikola Motor
2.2 - Growth funds investing in similar companies to Nikola Motor
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4 - Top valuation comps for Nikola Motor
4.2 - Public trading comparable groups for Nikola Motor
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