Zeem Solutions signs purchase order for 100 zero emission battery electric trucks from Nikola Tre – Nikola Motor | CarTailz

PHOENIX – November 2, 2022 – Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emission transportation, power supply and infrastructure solutions, and Zeem Solutions, the innovative “fleet-as-a-service” provider of zero-emission electric vehicles, announced today that Zeem has executed a purchase order for 100 Nikola Class 8 Tre battery electric vehicles (BEVs) to ensure the immediate availability of electric trucks for freight and logistics companies using Zeem’s comprehensive EV depot fleet solution.

Zeem is focused on providing better economics and a faster and easier way for commercial fleets to transition to BEVs. By bundling EVs, charging solutions, maintenance and other services as a flat operating cost, fleets can deploy EVs without waiting. Zeem’s order for the 100 Nikola Tre BEVs will help meet Zeem’s current customer demand at its California depot and other future national locations. Nikola has started commercial production of its Class 8 vehicles and is available immediately to supply customers like Zeem.

“Zeem Solutions is pioneering a new way for fleets to adopt battery electric commercial vehicles by providing the vehicles, charging, parking and maintenance with maximum availability and minimum capital investment,” said Nikola President, Commercial Pablo Koziner. “Nikola is committed to supporting Zeem to ensure its customers receive maximum value and world-class support.”

“Over the past year we have seen strong demand for Class 8 tractors from fleet operators and the Nikola team has a well-built production vehicle available today that meets our customers’ range requirements,” said Paul Gioupis, CEO from Zeem solutions. “Working with the Nikola team has been great, they care about their customers and we look forward to using their vehicles in 2023.”

Through this partnership, Nikola and Zeem aim to work towards accelerating the adoption of zero-emission commercial vehicles by providing a way for fleets to experience the benefits of BEV technology, while helping companies achieve their sustainability goals economically.

ABOUT NIKOLA CORPORATION

Nikola Corporation is transforming the transportation industry around the world. As a developer and manufacturer of zero-emission battery-electric and hydrogen-electric vehicles, electric vehicle powertrains, vehicle components, energy storage systems and hydrogen fueling infrastructure, Nikola strives to revolutionize the economic and environmental impact of commerce as we know it today. Founded in 2015, Nikola Corporation is headquartered in Phoenix, Arizona. Visit www.nikolamotor.com or Twitter for more information @nikolamotor.

ABOUT ZEEM SOLUTIONS

Zeem Solutions builds and operates zero-emission fleet depots that are transforming the way medium and heavy-duty fleets operate. Basic EV fleet-as-a-service amenities include vehicle leasing, vehicle charging, secured parking, vehicle maintenance and cleaning, and driver lounges. In addition, depots are used as needed for the intermediate charging of fleets with high mileage. Zeem deploys depots in strategic locations to accelerate fleet electrification and zero-emission mobility, serve as hubs for technological innovation and support the growing clean energy economy. Visit www.zeemsolutions.com for more information.

FORWARD LOOKING STATEMENTS

Certain statements in this press release that are not historical facts are forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally identified by words such as “believe,” “may,” “will.” ‘, ‘estimate’, ‘continue’, ‘anticipate’, ‘intend’, ‘expect’, ‘should’, ‘would’, ‘plan’, ‘predict’, ‘potential’, ‘seem’, ‘seek’, ‘ “Future”, “outlook” and similar expressions that predict or indicate future events or trends or are not statements of historical matters. These forward-looking statements include, but are not limited to, statements about the potential benefits of the collaboration between Nikola and Zeem; the ability of Nikola vehicles to help customers improve the driving experience, reduce their carbon footprint and resource consumption, and increase the efficiency of their operations; the ability of Nikola’s or Zeem’s companies to provide customers with maximum value and world-class support, or to accelerate the adoption of zero-emission commercial vehicles, or to help companies achieve their sustainability goals economically; Expectations regarding Nikola’s business, manufacturing schedule, general business model and strategy; Nikola’s expectations for its trucks, expected truck performance metrics and market acceptance of electric trucks, both BEV and FCEV; and market opportunities. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of Nikola management and are not predictions of actual performance. Forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements, including without limitation the final preparation of the final documentation; failure to achieve expected benefits or goals of the final documentation; general economic, financial, legal, regulatory, political and business conditions and changes in domestic and foreign markets; the potential impact of COVID-19; the outcome of any legal, regulatory and judicial proceedings in which Nikola is or may become a party; demand for and customer acceptance of Nikola trucks; risks associated with the development and testing of fuel cell power modules and hydrogen storage systems; risks related to the launch of Nikola’s business and the timing of anticipated business milestones; the impact of competition on Nikola’s future business; the availability of capital; risks related to changes in accounting or accounting standards; and the other risks identified from time to time in reports Nikola files with the Securities and Exchange Commission, including its Quarterly Report on Form 10-Q for the three months ended June 30, 2022. If any of these risks materialize or our Assumptions prove incorrect, actual results may differ materially from those implied in these forward-looking statements. These forward-looking statements speak only as of the date of this release, and Nikola expressly disclaims any obligation to update these forward-looking statements.

NIKOLA MEDIA INQUIRIES

press@nikolamotor.com

ZEEM SOLUTIONS MEDIA INQUIRIES

btrowbridge@zeemsolutions.com

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