Phoenix hybrid semi-truck maker going public after merger

Posted at 11:32 AM, Mar 04, 2020
and last updated 2020-03-04 13:32:18-05

Nikola Corp., the Phoenix-based battery- and hydrogen-fuel-cell electric vehicle startup, will be a public company following a merger.

Nikola announced Tuesday it was merging with VectoIQ Acquisition Corp., a publicly traded special-purpose acquisition company.

Now that the 5-year-old company intends to be publicly traded, for the first time it revealed revenue projections.

If the company's lofty predictions and assumptions hold true, those numbers are staggering.

Read more from the Phoenix Business Journal.