Westerville, OH – According to filings with the U.S. Securities and Exchange Commission, Nikola Labs is raising $25,000,000.00 in new funding. Sources indicate as part of senior management President, Will Zell played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About Nikola Labs
Predictive Maintenance Simplified. Trial Vero, our rapidly deployable, end-to-end, condition monitoring solution risk-free for thirty days for only $199 on up to 50 machine assets (200 sensors). We install the complete solution and will have experts monitoring your machine health the same day. We power manufacturing uptime by delivering an unparalleled condition monitoring experience, with passion to care about the assets our customers care for every day. Vero will be the worlds leading condition monitoring platform, eliminating unplanned downtime at millions of global manufacturing facilities, saving our customers billions of dollars annually. The Nikola Labs story began at a picnic table behind The Ohio State Universitys ElectroScience Lab in October 2014 where the co-founders agreed to take technology developed by Dr. Chi-Chih Chen and create a company focused on changing the world with wireless power. Nikola Labs is an output of strong effort by Ohio States Technology Commercialization Office to increase spinouts from the University, and a unique Venture Development model pioneered by Ikove Capital.

To learn more about Nikola Labs, visit http://www.nikola.tech/

Contact:
Will Zell, President
614-824-5892
wzell@nikola.tech
https://www.linkedin.com/in/willzell/

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