Sign up for our popular daily email to catch all the latest EV news!
Hilco Streambank, a leading advisory firm, is seeking offers for the intellectual property (IP) and related intangible assets of Nikola Corporation. As a pioneer in clean energy transportation, Nikola developed significant technologies in both hydrogen fuel cell and battery-electric vehicles. The sale is being conducted as part of Nikola’s Chapter 11 bankruptcy proceedings and is subject to U.S. Bankruptcy Court approval.
Key Highlights
- Hilco Streambank is managing the sale of Nikola Corporation’s intellectual property assets.
- The portfolio includes international patents, a vehicle-to-cloud software platform, the NIKOLA® brand, and extensive real-world vehicle data.
- The deadline for submitting non-binding indications of interest is June 18, 2025.
- These assets present a strategic opportunity for vehicle manufacturers, energy companies, and technology investors.
A Portfolio of Advanced Technology
Founded in 2015, Nikola Corporation established itself as a leader in developing proprietary technology for zero-emission Class 8 trucks. The company successfully manufactured and delivered nearly 330 battery-electric and hydrogen fuel cell trucks, supported by a unique digital ecosystem.
The assets now available for acquisition represent a comprehensive suite of innovations. This includes a full-stack vehicle-to-cloud software platform that enables advanced diagnostics, remote configuration, and encrypted fleet management. Additionally, the portfolio contains a vast collection of over 5 million miles of real-world EV truck analytics, offering rich data for optimizing commercial fleet operations.
Strategic Acquisition Opportunity
The sale includes an extensive portfolio of active U.S. and international patents. These patents cover critical technologies in fuel cell systems, battery management, thermal systems, EV drivetrain design, and hydrogen refueling. The globally recognized NIKOLA® brand, protected by registered trademarks and domain names, is also part of the offering.
According to David Peress, Executive Vice President of Hilco Streambank, this portfolio offers a unique advantage. “Nikola has developed a robust portfolio of innovative solutions across hydrogen and battery-electric vehicle technologies, with global brand equity and a strategic patent portfolio cited by leading OEMs,” Peress stated. He noted that the assets can help vehicle OEMs accelerate their clean energy programs, allow energy companies to pursue vertical integration, or provide technology investors with a scalable platform in the software-defined vehicle market.
The Sale Process
Hilco Streambank is accepting offers for all or parts of the available assets. Interested parties must submit their non-binding indication of interest by the June 18, 2025, deadline. For more information or to access diligence materials, contact the Hilco Streambank deal team at [email protected].
Sign up for our popular daily email to catch all the latest EV news!
