Nikola Trucks

http://spectrum.ieee.org/cars-that-think/transportation/advanced-cars/electric-truck-startup-nikola-motors-claims-23-billion-preorder-before-prototype-is-even-ready

Electric Truck Startup Nikola Motors Claims $2.3 Billion in Preorders Before Prototype Is Even Ready

Jun 2016

In May, Nikola Motors made two big announcements: The first was that it existed, and the second was that it was developing a US $375,000 hybrid electric semi truck called the Nikola One. The company promised that the truck, powered by lithium battery packs and a compressed natural gas generator, would be better than the current generation of semi trucks in every single way. Nikola said it would best its competitors in terms of power, efficiency, weight, speed, safety, cost of ownership, and durability. What’s more, the Nikola Motors team said, there would be a curved 4K TV in the sleeper cab in the back. Each Nikola One will cost $5,000 per month, but maintenance and fuel will be included at no additional cost for the first 1.6 million kilometers. This, says Nikola, will make it an attractive financial proposition for owners and operators.

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https://nikolamotor.com/pdfs/Nikola_Pre-Sale_June13_FINAL.pdf

Nikola Motor Company Generates $2.3 Billion in Pre-Sales in First Month

Working electric truck prototype to be unveiled on December 2, 2016 in Salt Lake City

SALT LAKE CITY

June 13, 2016 -- Nikola (pronounced Neek-oh-la) Motor Company Founder and CEO Trevor Milton today announced that $2.3 billion in reservations have been generated in the first month, totaling more than 7,000 truck reservations with deposits.

The company announced last month that it will launch an electric class 8 semi-truck, dubbed "Nikola One". “Our technology is 10-15 years ahead of any other OEM in fuel efficiencies, MPG and emissions.

We are the only OEM to have a near zero emission truck and still outperform diesel trucks running at 80,000 pounds.

The Nikola One truck leasing program costs $4000 to $5000 per month, depending on which truck configuration and options the customer chooses.

The first million miles of fuel is included with every truck sale, offsetting 100% of the monthly lease for every owner. An average diesel burns over $400,000 in fuel and racks up over $100,000 in maintenance costs over 1,000,000 miles. These costs are eliminated with the Nikola One lease.

“We believe we will pass the current market leaders like Daimler, PACCAR, Volvo and Navistar in sales orders within the next 12 - 24 months. Just imagine the orders that will come in once we begin taking dealer applications. We have shown other OEMs and their shareholders why they should be nervous about Nikola Motor Company. Some of the top class 8 dealerships in America have reached out and are willing to either add our brand or move away from their existing brands,” he added.

Nikola Motor Company has already completed a seed round of funding and is working on funding a $300 million A round to be completed by December 2016.