US EditionHyroad Energy Acquires Hydrogen Fuel Cell Trucks to Accelerate Deployment of Zero-Emission Commercial Fleets
Hyroad Energy acquired 113 hydrogen fuel cell trucks and intellectual property from Nikola for $3.85 million to expand its zero-emission hydrogen truck fleet and support existing customers.
- On August 8, 2025, Hyroad Energy revealed that it had purchased a fleet of 113 hydrogen-powered fuel cell trucks, along with accompanying equipment, including replacement components, operational software, and intellectual property rights, acquired through Nikola Corporation’s bankruptcy auction held in Austin, Texas.
- This acquisition resulted from Nikola filing for court protection in February 2025 and Hyroad agreeing to a deal with the estate administrators on July 31, including a $385,000 deposit and court approval on August 6.
- The assets include 103 new hydrogen fuel cell tractors, 10 loaner vehicles, proprietary software, operational infrastructure, and IP valued at over $51 million, while Hyroad plans to deploy and support trucks primarily in California.
- Dmitry Serov, CEO of Hyroad, emphasized that acquiring these assets moves the company forward in delivering comprehensive hydrogen fuel cell trucking services that simplify adoption and lower the risks linked to zero-emission technology, while immediately expanding their ability to supply trucks meeting the demand for environmentally friendly transportation.
- The acquisition will expand Hyroad’s fleet and accelerate deployment of zero-emission trucks via infrastructure development, maintenance facilities, and a simple pay-per-mile model without upfront capital investment.
Insights by Ground AI
Does this summary seem wrong?
23 Articles
23 Articles
Denton Record-Chronicle+20 Reposted by 20 other sources
Hyroad Energy Acquires Hydrogen Fuel Cell Trucks to Accelerate Deployment of Zero-Emission Commercial Fleets
AUSTIN, Texas, Aug. 8, 2025 /PRNewswire/ -- Hyroad Energy, a pioneer in hydrogen-powered transportation solutions, today announced its acquisition of 113 hydrogen fuel cell trucks, spare parts, the software platforms and IP assets from the Nikola Corporation bankruptcy auction. The…
·Denton, United States
Read Full Article
Hyroad Energy Acquires 113 Hydrogen Fuel Cell Trucks from Nikola Bankruptcy Auction
Hyroad Energy, a leader in hydrogen-powered transportation solutions, has acquired 113 hydrogen fuel cell trucks, along with spare parts, software platforms, and intellectual property assets, from the Nikola Corporation bankruptcy […] The post Hyroad Energy Acquires 113 Hydrogen Fuel Cell Trucks from Nikola Bankruptcy Auction appeared first on SolarQuarter.
Coverage Details
Total News Sources23
Leaning Left0Leaning Right0Center15Last UpdatedBias Distribution100% Center
Bias Distribution
- 100% of the sources are Center
100% Center
C 100%
Factuality
To view factuality data please Upgrade to Premium
