Hyroad acquires Nikola hydrogen trucks and assets in bankruptcy auction

Trucks-as-a-service company Hyroad bought all of Nikola’s remaining hydrogen trucks, some parts, supporting software, and IP assets. Hyroad plans to continue to support the Nikola trucks that are already in customers’ hands.

Jeremy Wolfe

Aug. 26, 2025

Key takeaways

Hyroad acquired 113 Class 8 hydrogen trucks and related assets from Nikola’s bankruptcy auction.
The acquisition excludes Nikola’s Hyla fueling stations.
Hyroad will also support existing Nikola truck customers.

Hyroad Energy

A Hyroad-branded Nikola hydrogen truck.

Hydrogen trucks-as-a-service company Hyroad announced that it has acquired major hydrogen assets from Nikola’s bankruptcy auction.

nikola trucks at auction — Hyroad acquired 113 Class 8 hydrogen fuel cell trucks.

Hyroad acquired all of Nikola’s remaining hydrogen trucks (113 Class 8 fuel cell electric trucks), a spare parts inventory, supporting software platforms, and IP assets from the bankruptcy auction. The acquisition did not include Nikola’s Hyla fueling stations.

The acquisition expands Hyroad’s pay-per-mile hydrogen fleet, where it will be deployed primarily in California. Hyroad also plans to offer support for the Nikola trucks that are already in customers’ hands.

Nikola filed for Chapter 11 bankruptcy in February after struggling to raise capital. The company sold its battery assets to Mullen Automotive shortly before filing for Chapter 11.

"These trucks and the corresponding equipment and systems represent immediate capacity to put proven hydrogen fuel cell technology on the road to meet demand for zero-emission trucks," Dmitry Serov, CEO and founder of Hyroad Energy, said.

About the Author

Jeremy Wolfe

Editor

Editor Jeremy Wolfe joined the FleetOwner team in February 2024. He graduated from the University of Wisconsin-Stevens Point with majors in English and Philosophy. He previously served as Editor for Endeavor Business Media's Water Group publications.