Nikola Motor Company

Romeo Power, Inc. is an energy technology company specializing in the design and manufacture of lithium-ion battery modules and packs specifically for commercial electric vehicles. Founded in 2015 and headquartered in Vernon, California, the company aims to facilitate sustainable transportation by offering energy-dense battery systems that provide superior performance, including enhanced acceleration, extended range, and improved safety. Romeo Power's product lineup includes Hermes modules tailored for trucks and buses, and the Brown Recluse, a passive cooling system that optimizes heat transfer and can be integrated into various vehicle configurations. The company’s solutions are customizable and scalable, supported by a proprietary battery management system that enhances the longevity and efficiency of its battery offerings.

Wabash Valley Resources LLC is a company based in West Terre Haute, Indiana, that specializes in the production and distribution of anhydrous ammonia. Established in 2016, the company focuses on providing sustainable solutions aimed at reducing carbon emissions and fostering a hydrogen economy. Wabash Valley Resources manufactures and stores anhydrous ammonia, which is then distributed to local industrial and agricultural users. This enables clients to access nitrogen for their fields at competitive prices, supporting both agricultural productivity and environmental sustainability.

VectoIQ is an advisory firm based in New York City, founded in 2016. The company specializes in assisting technology-driven enterprises in the smart transportation sector, with a focus on autonomous vehicles and mobility solutions. VectoIQ has positioned itself as a key partner for organizations navigating the transition to mobility as a service and the development of an autonomous vehicle society. In June 2020, the firm gained prominence through a reverse merger with Nikola Motor, further solidifying its role in the evolving landscape of transportation technology.

Free Form Factory, Inc. is a Sacramento, California-based company specializing in the production and sale of innovative watercraft. As a subsidiary of Nikola Powersports, it aims to transform the recreational and professional water sports industry by focusing on environmentally friendly and durable products. Utilizing proprietary HULKLITE™ polymer material and advanced manufacturing techniques, Free Form Factory has developed the all-electric Gratis X1, which provides performance capabilities unattainable with traditional internal combustion watercraft. The company emphasizes sustainability by replacing labor-intensive and toxic fiberglass manufacturing processes with greener alternatives, supporting its commitment to high-quality, high-performance watercraft designed for pristine waterways.