Nikola’s remaining hydrogen trucking assets are now officially up for auction, signaling one of the final steps in the electric truckmaker’s ongoing liquidation process after filing for bankruptcy earlier this year.
Auction house Gordon Brothers, which finalized a purchase agreement in Delaware bankruptcy court last week, has launched the sale of approximately $114 million in hydrogen-related assets.
The listing includes 103 completed hydrogen fuel cell trucks, along with raw materials, sub-assemblies, spare batteries, and tires. Also included are hydrogen storage, refueling, and testing systems, some of which have reportedly never been used.
The auction follows a separate transaction last month in which Lucid Motors acquired Nikola’s Arizona-based manufacturing facility and headquarters for approximately $30 million in cash and other considerations. As part of that deal, around 300 former Nikola employees transitioned to Lucid.
The asset sale comes amid broader challenges for hydrogen fuel technology in the transportation sector. Market adoption has been slower than anticipated, and recent political developments could further complicate growth prospects. Lawmakers in the U.S. are debating reductions in federal support for hydrogen initiatives, which were previously expanded under recent climate-focused legislation.
With its hydrogen vehicles and infrastructure now on the market, Nikola’s exit underscores the difficulties faced by startups navigating the complex and capital-intensive clean energy transition, particularly in the heavy-duty commercial vehicle segment.