• Oli Capital

EV Start-Up Nikola Settles With US for $125 Million


Nikola founder Trevor Milton leaves a federal courthouse in New York, July 29, 2021. Image Source: U.S. NEWS


Electric and hydrogen-powered truck startup Nikola has agreed to a $125 million settlement over charges that it defrauded investors after misleading them about its products, technical advances, and financial prospects.


Reference:

https://www.usnews.com/news/business/articles/2021-12-21/ev-start-up-nikola-settles-with-us-for-125-million




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