Nikola Labs raises $4M for its manufacturing sensors, starts next fundraising round

Nikola Labs Inc. has closed a nearly $4 million funding round and signed its first order greater than $1 million from a global manufacturer installing its system of wireless sensors to flag maintenance needs for machinery.

The round, again led by Columbus-based Ikove Venture Partners LLC, brings the Westerville startup to a cumulative $10 million in the four years since it spun out of Ohio State University.

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Story excerpt provided by Columbus Business First.

Written by Carrie Ghose.

Originally published September 27, 2019.

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