Trevor Milton, a college dropout from Utah who is pushing to raise at least $1 billion to put hydrogen trucks on the road, is now a billionaire
Nikola CEO and Founder in the lobby of the company's headquarters in Phoenix, with the Nikola Two, Tre and One zero-emission truck models.Trevor Milton, a college dropout from Utah who is pushing to raise at least $1 billion to put hydrogen trucks on the road, is a billionaire thanks to the latest investment that valued his Nikola Motor Co. at around $3 billion.
Nikola aims to get thousands of futuristic hydrogen-powered trucks on the road throughout the 2020s that can travel up to 750 miles between fuelings at stations it plans to build and operate. For fleets requiring shorter-range semis, going a maximum of 300 miles per trip, Nikola will also lease battery-only variants of its Nikola One, Two and Tre trucks that will compete with Elon Musk’s Tesla Semi.
The product of a Mormon upbringing, Milton developed an interest in the mechanics of transportation as a boy taking rides on trains operated by Union Pacific, his father’s employer. The death of his mother from cancer in his teens was a huge blow, but he says time spent in Brazil doing missionary work in impoverished areas fueled a desire to pursue goals that make people’s lives better.
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