Diligence memo · auto-generated · as of July 2, 2026
Nikola Power Corp
Nikola Power Corp looks over-valued against its niche peers and is dormant on financing cadence.
Businessfiled
Nikola Power Corp operates in Other Energy, based in DENVER.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Nikola Power Corp has raised $2.8M in disclosed capital across 2 recorded rounds, aggregated from public filings. Its latest round is modeled as Seed (a $1.0M–$4.0M round).
Largest single filing: $2.4M on 2022-03-24.
Most recent recorded round closed around 2022-03-24.
Valuation (modeled)modeled
Provath models Nikola Power Corp at approximately $18M (range $2.1M–$89M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Over-valued. Modeled value is 2.24× the median modeled value of Seed Other Energy companies in 2022–2024 (73 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 33 months.
Last raise 4.3 yr ago; this sector typically re-raises about every 12 months.
Silent for over 3× the sector's normal cadence.
The last round stepped up 6.9× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 46% of Other Energy peers (2049 compared).
Modeled value ranks above 51% of those peers.
Closest niche peers: Mes Investors, Llc, Zero Emission Industries, Inc., IntriEnergy, Inc., Quino Energy, Inc., GeoGenCo USA LLC.
Peoplefiled
7 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
Modeled above niche peers — valuation risk on entry.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.