Nikola hydrogen assets hit the auction block after firm’s bankruptcy
Nikola’s hydrogen-powered dreams are officially being dismantled – and sold off, piece by piece. Over $100 million in trucks, parts and refuelling gear from the bankrupt US firm now up for grabs.
Asset firms Gordon Brothers and Nations Capital have launched a private sale of Nikola Corporation’s hydrogen truck business, including 103 finished Class 8 fuel cell trucks, mobile and stationary HYLA-branded refuelling systems, spare parts, battery modules, and testing equipment.
The sale follows Nikola’s Chapter 11 bankruptcy filing earlier this year, and includes more than $114 million worth of fuel cell truck inventory, plus a further $28 million in mobile assets and uninstalled refuelling equipment.
It’s the final act in what was once one of the most high-profile bets on zero-emission trucking in North America – a company that managed to bring a fuel cell Class 8 lorry to market, build a hydrogen distribution network, and clock over 3 million customer miles before collapsing under mounting financial pressure.
Nikola was a troubled outfit from the start, with early hype overshadowed by fraud charges against founder Trevor Milton.
He was later convicted for misleading investors, though the company sought to rebuild credibility by appointing seasoned automotive executives, including former Opel CEO Michael Lohscheller and ex-GM vice-chairman Steve Girsky, to lead its turnaround efforts.
Trucks, tanks, and test rigs
The assets are being sold from multiple locations, including Nikola’s Coolidge, Arizona truck plant and its HyFASST hydrogen storage and testing site in Phoenix.
Additional equipment is located at support sites in California and Ontario, Canada.
Key items on offer include:
- 103 operational hydrogen fuel cell trucks,
- $14 million of HYLA mobile refuelling equipment,
- $14 million of never-installed HYLA stationary refuelling gear,
- $7 million in test and storage systems at the HyFASST site,
- 65 hydrogen fuel cell stacks, $3.8 million in battery modules,
- Large inventories of spare parts, sub-assemblies, and raw materials,
- The HYLA-branded infrastructure includes compressors, cryogenic pumps, LH₂ storage tanks, dispensers, and control systems – many still unused and in original packaging.
“This sale is an excellent opportunity for buyers to purchase brand-new hydrogen fuel cell electric vehicles, parts inventory, testing equipment, and refuelling and transport systems”, said Scott Ribeiro, Director at Gordon Brothers.
Court-supervised asset disposal
Nikola’s assets are being sold under a court-supervised process following its February 2025 bankruptcy filing in Delaware.
The company entered Chapter 11 with $47 million in cash, opting to liquidate under Section 363 of the U.S. Bankruptcy Code.
Though its fall was dramatic, Nikola did deliver North America’s first commercially available hydrogen Class 8 truck.
It also launched the HYLA refuelling brand, which supplied more than 330 tonnes of hydrogen before operations were halted.
The trucks themselves – some of which remain brand new – were built for long-haul use with fuel cell powertrains and a refuelling time comparable to diesel.
Nikola had hoped to offer them as a turnkey solution alongside its fuelling network, a business model now being dismantled.
No details have been given on reserve prices or early interest, but the offering presents a rare chance to pick up proven hydrogen hardware at potentially steep discounts.
Full listings can be found via Gordon Brothers.
