Locked in a Tesla patent suit, Nikola nabs $210M at $1.1B valuation for hydrogen trucks

Nikola, the hydrogen trucking startup currently suing Tesla for patent infringement (those are the actual names, sorry spirit of real Nikola Tesla), today announced that it has raised $210 million in its Series C round of funding. In a short note announcing the news, Nikola described it as "oversubscribed" after racking up $12 billion in pre-orders, with $380 million of those specifically for its newest model, called the Tre European designed for the Europe market. “Once the Nikola Tre arrives in Europe, diesel will finally be on its way out, ” said CEO Trevor Milton in a statement.