Trevor Milton, the pardoned founder of electric truck company Nikola, is attempting to raise $1 billion for a new venture focused on AI-powered autonomous planes. He told the Wall Street Journal that developing autonomous aircraft would be "10 times harder" than his previous work at Nikola. The ambitious fundraising target highlights the significant capital requirements for advanced aviation technology development.
Background
Trevor Milton previously founded Nikola Corporation, an electric truck company that faced controversy over fraud allegations. He received a presidential pardon for his convictions related to misleading investors about Nikola's technology capabilities.
- Source
- TechCrunch
- Published
- Mar 19, 2026 at 01:58 AM
- Score
- 6.0 / 10