682c8936134fdaefe0f35e32 Nikola Cab Shells

Equipment

Gordon Brothers to sell off remaining Nikola assets

May 20, 2025

The last vestiges of the infamous company are being sold off in a de facto estate sale.

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At one time one of the most promising zero-emission truck startups, Nikola made history by being first to market with production-ready fuel-cell electric trucks at the end of 2023. But questionable leadership moves, mounting expenses, and less demand than anticipated for hydrogen-powered trucks led to a sharp downfall for the company founded by the recently pardoned Trevor Milton.

Read more: Tumultuous tale of Nikola ends with Chapter 11

With no moves left to stay in business, Nikola Corp. filed for Ch. 11 bankruptcy in February and concluded operations in March. Following that, Lucid Motors acquired Nikola’s Coolidge, Arizona factory and Phoenix headquarters. The EV startup also presented offers to 300 Nikola employees to stay on. That still left a vast amount of assets leftover from Nikola’s manufacturing and hydrogen fueling business, HYLA, including trucks, machinery, and equipment. Auction house Gordon Brothers announced the assets will be up for grabs via sale by private treaty, where the buyer and seller can negotiate on price. Everything is sold “as is; where is.”

According to Gordon Brothers, the estimated total value is around $150 million, and includes:

Hydrogen truck raw material, sub-assembly, and finished goods (103 fully operational Class 8 Nikola Tre FCEVs) in excess of $114 million.
HyFASST facility with over $7 million in assets installed in 2023
HYLA mobile assets with over $14 million in assets
$14 million in brand-new and never-installed HYLA stationary hydrogen refueling equipment

Specific parts include lithium cells, batteries, tires, axles, steering and brake components, fifth wheels, and more.

To set up a private meeting or to contact the seller, email [email protected].

About the Author

John Hitch | Editor-in-chief, Fleet Maintenance

John Hitch is the award-winning editor-in-chief of Fleet Maintenance, where his mission is to provide maintenance leaders and technicians with the the latest information on tools, strategies, and best practices to keep their fleets' commercial vehicles moving.

He is based out of Cleveland, Ohio, and has worked in the B2B journalism space for more than a decade. Hitch was previously senior editor for FleetOwner and before that was technology editor for IndustryWeek and and managing editor of New Equipment Digest.

Hitch graduated from Kent State University and was editor of the student magazine The Burr in 2009.

The former sonar technician served honorably aboard the fast-attack submarine USS Oklahoma City (SSN-723), where he participated in counter-drug ops, an under-ice expedition, and other missions he's not allowed to talk about for several more decades.