Advisory firm Hilco Streambank is seeking buyers for the intellectual property and related intangible assets of Nikola Corporation, as part of the electric vehicle maker’s Chapter 11 bankruptcy process. The sale, which includes international patents, software platforms, and the NIKOLA® brand, is subject to approval by the U.S. Bankruptcy Court.
Founded in 2015, Nikola developed battery-electric and hydrogen fuel cell trucks and delivered close to 330 units before filing for bankruptcy. The assets now available for acquisition comprise proprietary technologies used in zero-emission Class 8 trucks, including a vehicle-to-cloud software platform for diagnostics and fleet management, as well as over 5 million miles of real-world vehicle analytics.
The sale also features a portfolio of active U.S. and international patents covering technologies such as fuel cell systems, EV drivetrain design, battery management, and hydrogen refueling. Trademarks and domain names associated with the NIKOLA® brand are also included in the offering.
“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,” said David Peress, Executive Vice President of Hilco Streambank. He added that the assets present an opportunity for automakers to scale clean energy initiatives, while offering technology investors a platform within the software-defined vehicle space.
Hilco Streambank is accepting non-binding indications of interest until June 18, 2025. Offers may be submitted for the full suite or individual components of the portfolio.
