Hydrogen-fuel truck developer Nikola Corporation has received $250m in cash and services from CNH as part of a series D round expected to reach $1bn.

Agricultural and industrial equipment manufacturer CNH Industrial agreed yesterday to invest $250m in US-based hydrogen-fueled truck developer Nikola Corporation to lead a series D round expected to close at more than $1bn. CNH is providing $100m in cash in addition to $150m in services that will equate to equity in Nikola. The round values the…

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