When was Nikola Motor founded?

Nikola Motor was founded in 2015.

Where is Nikola Motor located?

Nikola Motor is headquartered in Phoenix, United States. It is registered at Phoenix, Arizona.

How many employees does Nikola Motor have?

As of May 31, 2026, the latest employee count at Nikola Motor is 784.

Is Nikola Motor a funded company?

Nikola Motor is a funded company, having raised a total of $760M across 16 funding rounds to date. The company's 1st funding round was a $16M Series B round.

When was the latest funding round of Nikola Motor?

Nikola Motor's latest funding was a $998K Grant (prize money) round on May 01, 2025, with participation from 1 investor. Its primary sector is Electric Vehicles. In United States, the Electric Vehicles sector has seen $2.55B in funding in 2026 to date.

What is the annual revenue of Nikola Motor?

Annual revenue of Nikola Motor is between $50M and $100M as on Dec 31, 2022

Is Nikola Motor a Electric Vehicles company?

The primary sector of Nikola Motor is Electric Vehicles.

Where does Nikola Motor rank among its competitors?

Nikola Motor ranks 7th amongst 203 active competitors, of which 50 are funded. It stands 2nd in terms of total funding among its competitors. The most recent competitor to raise funding was Harbinger Motors, which secured an undisclosed amount in Jun, 2026.

Who are the top competitors of Nikola Motor?

Nikola Motor's top competitors include Aurora, Einride and EKA. Among them, Harbinger Motors secured the most recent funding round in June, 2026.

Nikola Motor - 2026 Company Profile, Team, Funding, Competitors & Financials

Nikola Motor is a public company based in Phoenix (United States), founded in 2015. It operates as a Developer of electric trucks. Nikola Motor has raised $760M in funding from investors like Bosch, CNH Industrial and WABCO. The company has 203 active competitors, including 50 funded and 24 that have exited. Its top competitors include companies like Aurora, Einride and EKA.

Sectors and market segments that Nikola Motor operate in

Nikola Motor serves in the Energy Tech, Auto Tech market segments.The primary business model of Nikola Motor are:

Company Details

Developer of electric trucks. The platform offers semi-trucks, pickup trucks, refuse collectors, and hydrogen fuel-cell electric sleeper semi-trucks. It develops various models of trucks like NikolaTre, Nikola Two, and Nikola Eneryu with features like dual-speed compression, an infotainment display, independent quad electric motors, a digital cockpit, and more.

Website: nikolamotor.com
Social
Email ID: *****@nikolamotor.com
Registered Address: Phoenix, Arizona

Key Metrics

Founded Year

2015

Location

Phoenix, United States

Stage

Public

Total Funding

$760M in 16 rounds

Latest Funding Round

Grant (prize money), May 01, 2025, $998K

Investors

Bosch & 35 more

Ranked

7^th among 203 active competitors

Annual Revenue

$50M - $100M as on Dec 31, 2022

Employee Count

784 as on May 31, 2026

Investment & Acquisitions

Romeo Power & 2 more

Similar Companies

Workhorse Group & 62 more

Exit Details

Public

View Nikola Motor's full profile

Nikola Motor is associated with 4 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Nikola Corporation CIN: 6723829 , United States, Active	Jan 23, 2018	$0 - $1M (As on Dec 31, 2020)	-	-
VECTOIQ ACQUISITION CORP. CIN: 1731289 , United States, Active	Aug 09, 2020	$50M - $100M (As on Dec 31, 2022)	-	-
Nikola Corp CIN: 1731289 , United States, Active		$1 - $1M (As on Jun 17, 2021)	-	-
Nikola Corporation CIN: 822361876 , United States, Active	Jul 09, 2017	-	946 (As on Dec 31, 2024)	-

Nikola Motor got listed on Jun 04, 2020.

Click here to take a look at Nikola Motor's IPO in detail

Nikola Motor has raised a total funding of $760M over 16 rounds. Its latest funding round was a Grant (prize money) round on May 01, 2025 for $998K. 1 investor participated in its latest round. Nikola Motor has 36 institutional investors.

Here is the list of recent funding rounds of Nikola Motor:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
May 01, 2025	$998K	Grant (prize money)	-	-	-	OSTI
Aug 01, 2023	$16.3M	Grant (prize money)	-	-	-	State of California, Air Quality Management District
Jul 06, 2023	$41.9M	Grant (prize money)	-	-	-	-

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View details of Nikola Motor's funding rounds and investors

Here are the details of Nikola Motor's key team members:

Mark Russell: CEO of Nikola Motor.
Contact Info: 2 email addresses

View details of Nikola Motor's Founder profiles and Board Members

Nikola Motor's employee count trend

Nikola Motor has 784 employees as of May 26. Here is Nikola Motor's employee count trend over the years:

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Top competitors of Nikola Motor include Aurora, Einride and EKA. Here is the list of Top 10 competitors of Nikola Motor, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Aurora 2017, Mountain View (United States), Public	Developer of self-driving technology for integration into freight operations	$693M	Amazon, Index Ventures & 15 others	78/100
2nd	Einride 2016, Stockholm (Sweden), Series E	Provider of electric and autonomous freight transportation solutions	$865M	Temasek, EQT & 37 others	74/100
3rd	EKA 2019, Pune (India), Series A	Manufacturer of electric buses trucks and small commercial transport vehicles	$179M	Mitsui, NIIF & 6 others	72/100
4th	Gatik 2017, United States, Series B	Operator of autonomous trucking solutions for middle-mile logistics operations	$152M	Innovation Endeavors, Avin Hub & 23 others	69/100
5th	TuSimple 2015, San Diego (United States), Public	AI-powered provider of self-driving solutions for trucks	$648M	Sina, Sina & 23 others	69/100
6th	PlusAI 2016, Santa Clara (United States), Series C	Developer of autonomous driving technology for integration into factory-built trucks	$720M	Amazon, FountainVest Partners & 17 others	69/100
7th	Nikola Motor 2015, Phoenix (United States), Public	Developer of electric trucks	$760M	ValueAct Capital, Raymond James & 34 others	68/100
8th	Harbinger Motors 2021, Gardena (United States), Series C	Manufacturer of medium duty electric and hybrid commercial vehicle platforms	$363M	Capricorn, Thor Industries & 21 others	66/100
9th	Kodiak Robotics 2018, Palo Alto (United States), Public	Developer of AI-powered ground autonomy solutions for trucking, defense, industrial	$165M	Aliya, Walleye & 16 others	65/100
10th	Mullen Technologies 2012, La Habra (United States), Public	Manufacturer of Class 1-4 commercial electric vehicles and chassis cabs	$2M	Capital Q Ventures, Small Business Administration ... & 2 others	65/100

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Nikola Motor has made 1 investment in Wabash Valley Resources and acquired Romeo Power and Free Form Factory.

Here is the list of these investments and acquisitions:

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Aug 01, 2022	Acquisition	Romeo Power	2015	Los Angeles (United States)
Jun 23, 2021	Investments	Wabash Valley Resources	2016	West Terre Haute (United States)
Nov 09, 2017	Acquisition	Free Form Factory	2015	Sacramento (United States)