Nikola Motor has raised around $700 million in total funding, combining strategic investments from partners like Bosch, CNH Industrial, and WABCO with multiple grant rounds. Key non-dilutive funding includes a $2M grant in August 2021 from the DOE, followed by $41.9M grant funding in July 2023, and a further $16.3M grant in August 2023backed by the State of California and the Air Quality Management District. These rounds support Nikola’s development and deployment of battery-electric and hydrogen fuel-cell trucks and related zero-emission infrastructure.