Nel ASA: Invests USD 5 million in Nikola C round financing
(Oslo, September 5, 2018) Nel ASA (“Nel”) today announced that it has invested USD 5 million into Nikola Motor Company (“Nikola”) as part of their C-round financing. On August 6, 2018, Nikola announced that they had secured USD 100 million investment (pre-money valuation of USD 1.1 billion) in the current C-round and that the process to raise more than USD 200 million was progressing well. This USD 5 million investment is in line with earlier communications from Nel and further strengthens the partnership and collaboration between Nel and Nikola. “We fully support Nikola in their