G2 Venture Partners led a $20m funding round in Nikola Labs.

G2 Venture Partners, a venture capital firm, led a $20m funding round in Nikola Labs, a a deployable, remote, end-to-end condition monitoring solution provider, with participation from Triangle Peak Partners. “Our AssetWatch™ proactive maintenance platform is preventing unplanned downtime and saving tens of millions of dollars annually for our 100+ global manufacturing customers. We are grateful for the investment and support from G2 and other partners that will allow us to meet the increased demand we are seeing from current and new customers, while enabling Nikola Labs to accelerate development of our IoT platform and machine learning capabilities,” Brian Graham, Nikola Labs CEO.