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Nikola in need of new source of money to continue its business

Media reports say that the manufacturer has got the money to survive no longer than one quarter in 2025. Nikola managed to sell something like 200 hydrogen fuel cell trucks in the first 3 quarters of the year. At the same time, the company has been facing trouble for quite a long time, with the need...
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Norwegian fuel cell maker TECO 2030 files for bankruptcy

"The board of directors has decided to file for bankruptcy. The board decision is unanimous and is due to the fact that there is no longer a realistic opportunity to raise sufficient capital to continue operations", was written in an official note.

Highlights

Nikola in need of new source of money to continue its business

Media reports say that the manufacturer has got the money to survive no longer than one quarter in 2025. Nikola managed to sell something like 200 hydrogen fuel cell trucks in the first 3 quarters of the year. At the same time, the company has been facing trouble for quite a long time, with the need...
News

fuel cell

Nikola launches new hydrogen brand HYLA

“The HYLA brand represents Nikola’s hydrogen-focused energy business by supporting our fuel cell electric vehicles and those of other OEMs,” added Carey Mendes, President, Nikola Energy. “Hydrogen energy is the catalyst for the HYLA brand and serves as a forward-looking solution for our customers"....

Paul Cataford to join Loop Energy’s Board of Directors

Over the first nine months of 2022, Loop Energy has achieved significant growth including the quadrupling of purchase orders year-over year, doubling of its customer base, and posting a 2.5-time increase in unit sales year-over-year.
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Nikola and Plug Power sign supply agreement for mutual collaboration

According to the agreement, Plug Power will purchase up to 75 Nikola Tre FCEVs over the next three years, with the first trucks being delivered in 2023. Plug Power has been selected to provide its fully integrated liquefaction system for the recently announced Nikola hydrogen hub project.
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