Search company, investor...
Nikola Motor Company company logo

Nikola Motor Company

Founded Year



Reverse Merger | IPO

Total Raised


Market Cap


Stock Price


About Nikola Motor Company

Nikola Motor Company (NASDAQ:NKLA) designs and manufactures electric vehicles, vehicle components, energy storage systems, and electric vehicle drivetrains. It also offers hydrogen fueling infrastructure and maintenance, and truck technology. The company was founded in 2014 and is based in Phoenix, Arizona.

Headquarters Location

4141 E Broadway Road

Phoenix, Arizona, 85040,

United States

Missing: Nikola Motor Company's Product Demo & Case Studies

Promote your product offering to tech buyers.

Reach 1000s of buyers who use CB Insights to identify vendors, demo products, and make purchasing decisions.

Missing: Nikola Motor Company's Product & Differentiators

Don’t let your products get skipped. Buyers use our vendor rankings to shortlist companies and drive requests for proposals (RFPs).

Research containing Nikola Motor Company

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Nikola Motor Company in 5 CB Insights research briefs, most recently on Feb 1, 2023.

Expert Collections containing Nikola Motor Company

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Nikola Motor Company is included in 3 Expert Collections, including Auto Tech.


Auto Tech

3,378 items

Startups building a next-generation mobility ecosystem, using technology to improve connectivity, safety, convenience, and efficiency in vehicles.Includes technologies such as ADAS and autonomous driving, connected vehicles, fleet telematics, V2V/V2X, and vehicle cybersecurity.


Energy Storage

1,236 items

This collection includes large and small energy storage technology, from grid-scale molten salt containers to small, thin-film lithium-ion batteries.


Hydrogen Energy Tech

760 items

Startups in this collection are developing solutions to lower the cost and commercialize the use of hydrogen as a low carbon fuel for heat, manufacturing, fuel cell electric vehicles, seasonal energy storage, and energy transport.

Nikola Motor Company Patents

Nikola Motor Company has filed 69 patents.

The 3 most popular patent topics include:

  • Battery electric cars
  • Electric cars
  • Hydrogen technologies
patents chart

Application Date

Grant Date


Related Topics




Fuel cells, Hydrogen technologies, Electrochemistry, Energy conversion, Hydrogen economy


Application Date


Grant Date



Related Topics

Fuel cells, Hydrogen technologies, Electrochemistry, Energy conversion, Hydrogen economy



Latest Nikola Motor Company News

Lightning eMotors stock crashes as revenues disappoint Wall Street

Mar 14, 2023

March 13, 2023 at 7:30 p.m. LOVELAND — It’s been a tough couple of years for Loveland-based zero-emission-vehicle provider Lightning eMotors Inc. (NYSE: ZEV). Since raising more than $200 million from investors through a merger with a special-purpose acquisition company in May 2021 , the company’s stock has zapped off more than 90% of its value — after Lightning eMotors reported its quarterly and 2022 fiscal year results, the stock traded down more than 40% on Monday — and faces the prospect of being booted from the New York Stock Exchange . Meanwhile, a class-action lawsuit filed late last month in U.S. District Court in Denver accuses Lightning eMotors’ leadership of misleading investors and regulators. In the fourth quarter of 2022, Lightning produced 128 EVs — up from 38 units in the fourth quarter of 2021 — and recorded revenues of $4.3 million, up from $4.2 million in the prior-year quarter. Wall Street’s consensus estimate for sales was $10.21 million. Lightning’s net loss for the fourth quarter was $8.6 million, or a loss of 11 cents per share, compared to net income of $22.2 million, or 28 cents per diluted share, during the fourth quarter of last year. For the full 2022 fiscal year, Lightning eMotors, which in December 2022 was given six months to raise its stock price above the $1 threshold or face delisting from the New York Stock Exchange, reported earnings of nearly $15.2 million on sales of $24.4 million. “Our record vehicle production in the fourth quarter capped a year in which we dramatically grew our manufacturing capacity and efficiency, managed through supply chain challenges, introduced new vehicle platforms, and established associations with strong (original equipment manufacturer) partners,” Lightning CEO Tim Reeser said in a prepared statement. “For the year we generated record revenue and made critical investments in key electric vehicle and powertrain technologies.” Looking ahead, Lighting expects 2023 revenue to be in the range of $35 million to $50 million. Company officials have laid the blame for much of Lightning eMotors’ lackluster financial performance at the feet of its complex supply chain and of its Romeo Systems Inc. battery production partners at Nikola Motor Co. Additionally, the company has recently pivoted its strategy away from smaller vehicles, such as delivery vans and toward buses and box trucks. “In January, we announced revenue constraints in (the fourth quarter of 2022) due primarily to defects that we identified in the Romeo batteries,” Reeser said in a conference call Monday with investors and analysts. “While we expected Romeo and its parent company Nikola to honor their warranty obligations — as they publicly stated they would — they are not. We filed suit against Nikola and Romeo on March 9.” The company’s production pipeline is “not currently supply-limited for components to build” its existing product mix, Reeser said. Executives are expected to be cheerleaders for their firms, but a recent lawsuit filed by investor Kelly Lanham on behalf of all Lightning eMotors investors accuses company founders and board members of committing “breaches of their fiduciary duties and violation of the federal securities laws by causing the issuance of materially false and misleading statements” in regulatory disclosures and other public venues. According to the complaint, Lightning officials, in the run up to the company’s SPAC merger, “claimed that the funding provided through the combination with (SPAC partner) GigCapital3 would purportedly allow Lightning Systems to scale up production and increase its revenues 600% on a year-to-year basis, from $9 million in 2020 to $63 million in 2021, and increase revenues 460% on a year-to-year basis in 2022, to $354 million.” However, Lightning leaders knew or should have known that the company “could neither rapidly scale its operations as stated, nor achieve the projected revenue forecasts,” the suit claims. “Because of its limited two-year operating history, the company lacked a supply chain adequate to support the forecast production increase. Prior to the merger, Lightning Systems utilized small, secondary suppliers for key parts, including vehicle batteries. Those suppliers lacked the capacity to supply the company with components in quantities necessary to meet vehicle production and, consequently, revenue targets.” Lightning leaders, who did not immediately respond to requests for comment Monday, have taken on several efforts to boost its stock price, including a late 2022 push for its shareholders to support a reverse stock split. The company revealed on Monday that agreements were negotiated last week with certain holders of Lightning eMotors debt that establish a framework for $10.5 million in convertible notes to be converted into 18.75 million newly issued shares of its common stock. “We are pleased to take another important step to strengthen our balance sheet by reducing the total amount of our outstanding debt and continuing to lower our interest expense,” Reeser said in a statement. Lightning’s stock price was 34 cents per share at the completion of trading Monday, down 40.39%. The class-action lawsuit referenced in this story is Kelly Lanham et al. versus Lightning eMotors Inc. et al, case number 23-cv-00507-NRN, filed in U.S. District Court in Denver. This article was first published by BizWest, an independent news organization, and is published under a license agreement. © 2023 BizWest Media LLC. You can view the original here: Lightning eMotors stock crashes as revenues disappoint Wall Street, investors cry foul Tags:

Nikola Motor Company Frequently Asked Questions (FAQ)

  • When was Nikola Motor Company founded?

    Nikola Motor Company was founded in 2014.

  • Where is Nikola Motor Company's headquarters?

    Nikola Motor Company's headquarters is located at 4141 E Broadway Road, Phoenix.

  • What is Nikola Motor Company's latest funding round?

    Nikola Motor Company's latest funding round is Reverse Merger.

  • How much did Nikola Motor Company raise?

    Nikola Motor Company raised a total of $554.1M.

  • Who are the investors of Nikola Motor Company?

    Investors of Nikola Motor Company include ValueAct Capital, VectoIQ, P. Schoenfeld Asset Management, Fidelity Investments, Paycheck Protection Program and 6 more.

  • Who are Nikola Motor Company's competitors?

    Competitors of Nikola Motor Company include H2X and 3 more.

Compare Nikola Motor Company to Competitors

Innolith Logo

Innolith develops and manufactures battery solutions for electric vehicles. It was founded in Basel, Switzerland.

Basquevolt Logo

Basquevolt develops solid-state lithium batteries. It aims to make the mass deployment of electric transportation, stationary energy storage, and advanced portable devices possible. It was founded in 2022 and is based in Vitoria-Gasteiz, Spain.

Zeta Energy Logo
Zeta Energy

Zeta Energy develops and commercializes safe rechargeable batteries. The company has developed lithium metal anodes with greater capacity than any current or advanced anode technology, providing extremely high energy density, stability, and long cycle life at a low cost, enabling long-lasting and low-cost rechargeable batteries with no cobalt, zinc, nickel, and manganese. Zeta Energy was founded in 2014 and is based in Houston, Texas.

Prieto Battery

Prieto Battery is a battery developer company that develops 3d solid-state li-ion battery technology. It focuses on commercializing a solid-state battery. The company was founded in 2009 and is based in Fort Collins, Colorado.

Sila Logo

Sila is a materials science company that offers silicon battery material. It enables product manufacturers and battery cell manufacturers to reduce their battery footprint and focus on charging performance. The company was founded in 2011 and is based in Alameda, California.

EnPower Logo

EnPower develops hi-performance battery packs and systems for demanding applications. EnPower's advanced and proprietary electrode engineering enable cell-level improvements without introducing new chemistries.

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.