Scandal-plagued electric powered truck maker Nikola declared Thursday that it won a $two million grant from the U.S. Electricity Section to acquire hydrogen refueling technologies.
The grant was formally awarded July 7 — three months before Nikola founder Trevor Milton was indicted on three counts of felony fraud for lying about “nearly all elements of the business” to strengthen the startup’s inventory product sales.
“Even before the indictment, the looming authorized challenges have been very well recognised as the enterprise disclosed it experienced acquired subpoenas from both the Justice Section and the Securities and Trade Fee,” CNN noted.
Nikola claimed the grant was for advancing its investigation into autonomous refueling technologies for future hydrogen fueling stations. Some of the electric powered trucks Nikola is building would be run by large obligation hydrogen gas cells.
“This funding is crucial to advance essential hydrogen fueling technologies that can boost the over-all performance