# Nikola Power

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/nikola-power

- Industry: Software
- Headquarters: Denver, US
- Website: www.nikolapower.com
- Latest round: Series A (Apr 12, 2022)
- Investors on record: 5

## About

Based in Colorado, US, and founded in 2017, Nikola Power Corp. operates as a clean technology company. The company was founded by its CEO, J.W. Postal. In 2022, Nikola Power rebrands to WATTMORE™. In April 2022, Nikola Power Corp. raised an undisclosed amount of Series A funding led by Arosa Capital Management, MaSa Partners, Pine Gate Renewables, and Crosstimbers Capital Group.

Nikola Power offers energy management software (EMS), which is an artificial intelligence-powered SaaS software that is used in the utility sector for forecasting and managing energy storage operations and assets. The product line of the company includes Intellect Ratio, Intellect Basic EMS, and Intellect Plus EMS.

The company plans to use the funds raised in April 2022 for its growth and to increase its demand in the market.

## Funding rounds

- Series A, Apr 12, 2022 — Arosa Capital Management, Crosstimbers Capital Group, MaSa Partners, Pine Gate Renewables, Off Ramp Technologies

## Investors

- Arosa Capital Management — Series A
- Crosstimbers Capital Group (https://capitalatlas.ai/funds/crosstimbers-capital-group) — Series A
- MaSa Partners (https://capitalatlas.ai/funds/masa-partners) — Series A
- Pine Gate Renewables — Series A
- Off Ramp Technologies (https://capitalatlas.ai/funds/off-ramp-technologies) — Series A