Nikola Motor Company

Nikola Motor Company is an electric vehicle manufacturer based in Salt Lake City, Utah, founded in 2014. The company specializes in developing hydrogen fuel cells, battery electric trucks, and associated energy solutions, with the goal of transforming the transportation industry on a global scale. Nikola gained significant attention for its ambition to revolutionize the trucking sector through innovative electric and hydrogen fuel cell technologies. Initially, the company focused on creating zero-emission hydrogen fuel cell trucks designed for long-haul commercial use, with a range of up to 1,200 miles. Additionally, Nikola planned to establish hydrogen refueling infrastructure to support its vehicles, further enhancing its commitment to sustainable transportation solutions.

Stasy Pasterick

CFO

4 past transactions

Romeo Power

Acquisition in 2022
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

Corporate Round in 2021
Wabash Valley Resources LLC, incorporated in 2016 and based in West Terre Haute, Indiana, specializes in the production and distribution of anhydrous ammonia. The company primarily serves local industrial and agricultural users by providing a reliable source of nitrogen for their fields at competitive prices. In addition to its ammonia manufacturing, Wabash Valley Resources is focused on developing sustainable solutions aimed at reducing carbon emissions and fostering a hydrogen economy. The company stores anhydrous ammonia at its facility to ensure efficient delivery to its clients.

VectoIQ

Acquisition in 2020
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

Acquisition in 2017
Free Form Factory, Inc. is a company based in Sacramento, California, that specializes in producing and selling innovative watercraft. The company aims to transform the recreational and professional water sports industry with its environmentally friendly products. Utilizing proprietary HULKLITE™ polymer material and a patented manufacturing process, Free Form Factory focuses on creating high-quality, high-performance watercraft. One of its notable products is the all-electric Gratis X1, which is designed to operate without exhaust or fuel, allowing access to pristine waterways where traditional internal combustion watercraft may be restricted. By moving away from labor-intensive and toxic fiberglass manufacturing, Free Form Factory emphasizes sustainable practices in its production process.
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