For sale: Nikola’s machinery, inventory

Nikola Corp.’s machinery and inventory are now for sale. The U.S.-based transportation company’s assets includes hydrogen-powered Class 8 trucks, machinery and equipment for fuel cell electric vehicles and the development of hydrogen fueling infrastructure to support zero-emissions trucking, and other finished goods and inventory. Nikola filed for bankruptcy earlier this year.

The Nikola Tre is shown in happier times. The bankrupt company’s assets are now for sale (Photo: Nikola Corp.)

Gordon Brothers and Nations Capital, a Gordon Brothers company, are offering the assets for sale by private treaty. The assets at Nikola’s manufacturing facility in Coolidge, Ariz., the Hydrogen Facility for Advanced Storage Systems Testing (HyFASST) facility in Phoenix and support equipment in Arizona; Fontana, Calif.; and Ontario, Canada, include:

• Hydrogen truck raw material, sub-assembly and finished goods in excess of $114 million
• HyFASST facility with over $7 million in assets installed in 2023
• HYLA mobile assets with over $14 million in assets
• $14 million in brand-new and never-installed HYLA stationary hydrogen refueling equipment

“This sale is an excellent opportunity for buyers to purchase brand-new hydrogen fuel cell electric vehicles (FCEVs), parts inventory, testing equipment and refueling and transport systems,” said Scott Ribeiro, director, Commercial & Industrial, Gordon Brothers. “As active partners with deep asset expertise, we are pleased to bring these assets to market after Nikola made the difficult decision to cease production of its hydrogen business.”

Founded in 1903, Gordon Brothers leverages decades of experience buying, selling, operating and valuing assets in the industrial economy across Australia, Brazil, Canada, the U.K., Europe, Japan and the U.S.