Nikola’s hydrogen trucks hit the auction block

Nikola’s hydrogen vans are formally up for public sale, one of many firm’s final large steps in unloading all of its belongings after filing for bankruptcy in February.

Public sale home Gordon Brothers reached an settlement with Nikola in Delaware chapter courtroom to buy the hydrogen trucking belongings late final week. Over the weekend, Gordon Brothers printed the listing and a brochure detailing every part on the market.

The public sale home says it has round $114 million price of hydrogen vans, uncooked materials, and sub-assemblies. That features 103 completed hydrogen gas cell-powered vans, together with spare batteries, tires, and different elements. Gordon Brothers can be auctioning off Nikola’s hydrogen storage, refueling, and testing tools, a few of which remains to be model new.

The hydrogen belongings are hitting the market just a little greater than a month after EV startup Lucid Motors emerged because the surprise buyer of Nikola’s Arizona manufacturing facility and headquarters. Lucid additionally agreed to deliver round 300 Nikola staff on board as a part of that transaction, in trade for roughly $30 million in money and non-cash issues.

Gordon Brothers will now look to public sale these belongings at a time when hydrogen as a gas supply has struggled to turn into a viable possibility. The know-how additionally faces recent headwinds. Home Republicans are working to roll back financial support for hydrogen energy signed into legislation by former President Biden as half of a bigger try and dismantle his total local weather agenda.