Canada’s BC Transit selects Proterra’s heavy-duty EV and charging technology for bus fleet electrification

Rhea-AI Summary

Proterra (NASDAQ: PTRA) has secured a $20 million contract with BC Transit in British Columbia for ten 40-foot Proterra ZX5 electric buses and one megawatt-scale EV charger. This contract marks a pivotal step in BC Transit's transition to an all-electric fleet, with plans to ultimately replace 500 diesel buses over the next decade. The initial buses, equipped with 675 kWh of onboard energy, are set for delivery in 2023. Proterra's technology supports zero tailpipe emissions, potentially reducing greenhouse gases by approximately 230,000 pounds annually for each diesel bus replaced.

Positive

• Secured a $20 million contract with BC Transit for ten electric buses.
• Potential for additional orders as BC Transit plans to replace 500 buses in the next decade.
• Initial bus delivery scheduled for 2023, enhancing Proterra's market presence.
• Proterra's electric buses demonstrate zero tailpipe emissions and significant reductions in greenhouse gases.

Negative

• None.

BURLINGAME, Calif., May 25, 2022 (GLOBE NEWSWIRE) -- Proterra Inc (NASDAQ: PTRA), a leading innovator in commercial vehicle electrification technology, today announced that BC Transit in British Columbia, Canada has approved a $20 million contract to purchase ten 40-foot Proterra ZX5 electric transit buses and one Proterra Energy megawatt-scale EV fleet charger as part of the agency’s transition to a fully electric bus fleet. The contract includes the option for BC Transit to acquire additional electric transit buses and EV chargers from Proterra as the agency seeks to replace 500 buses with electric vehicles over the next decade.

Proterra was selected by BC Transit through a competitive process for the electrification program, which included bids from other transit vehicle manufacturers. BC Transit’s initial ten Proterra ZX5 electric buses, which will be equipped with 675 kWh of onboard energy, are slated to be delivered in 2023.

“Proterra is incredibly proud to partner with BC Transit to bring our industry-leading electric transit buses and EV technology solutions to help drive British Columbia’s transition to zero-emission transportation. Through its embrace of innovative technology and historic commitment to electrification, BC Transit is establishing themselves as one of the public transit leaders in this space,” said Gareth Joyce, Proterra CEO.

“The contract award for the first ten electric buses is an important and significant milestone that sets BC Transit firmly on the path to replace existing diesel buses with electric ones. People are looking for ways to reduce emissions in their everyday lives, electric buses further solidify BC Transit as a proven solution,” said Erinn Pinkerton, President & CEO of BC Transit.

“These first buses further demonstrate our organizational commitment to transitioning our fleet with electric systems. BC Transit is proud to continually show leadership and innovation when it comes to demonstrating our goals in sustainability,” said Aaron Lamb, Vice President, Asset Management and Chief Sustainability Officer of BC Transit.

With more than 850 electric transit vehicles on the road today, Proterra’s EV technology has been proven over 25 million service miles driven across North America. Proterra’s electric transit buses are equipped with the company’s industry-leading Proterra Powered battery technology systems that have been chosen by world-class commercial vehicle manufacturers to electrify heavy-duty vehicles and equipment.

Proterra Transit electric buses feature zero tailpipe emissions, saving approximately 230,000 pounds of greenhouse gases annually when replacing a diesel bus. The company’s fleet of zero-emission, electric transit buses have displaced over 140 million pounds of CO2 tailpipe emissions.

In addition to the company’s Proterra Transit and Proterra Powered business units, Proterra Energy offers a turn-key approach to delivering the complete energy ecosystem for heavy-duty electric fleets through charging infrastructure design, build, financing, operations, maintenance and energy optimization.

About Proterra
Proterra is a leader in the design and manufacture of zero-emission electric transit vehicles and EV technology solutions for commercial applications. With industry-leading durability and energy efficiency based on rigorous U.S. independent testing, Proterra products are proudly designed, engineered, and manufactured in America, with offices in Silicon Valley, South Carolina, and Los Angeles. For more information, please visit www.proterra.com.

Media Contact
Proterra Corporate Communications
PR@proterra.com

Investor Contact
Proterra Investor Relations
IR@proterra.com

 

FAQ

What is the significance of Proterra's contract with BC Transit on May 25, 2022?

Proterra's contract with BC Transit signifies a major step in their transition to a fully electric fleet, involving the purchase of ten electric buses and a charger.

How many electric buses does BC Transit plan to acquire from Proterra?

BC Transit intends to replace 500 diesel buses with electric vehicles over the next decade, with the initial contract covering ten buses.

When will the Proterra ZX5 electric buses be delivered to BC Transit?

The delivery of the first ten Proterra ZX5 electric buses is scheduled for 2023.

What environmental benefits are associated with the Proterra electric buses?

Each Proterra electric bus can save approximately 230,000 pounds of greenhouse gases annually compared to diesel buses.

What are the features of the Proterra ZX5 electric buses being purchased by BC Transit?

The Proterra ZX5 electric buses will be equipped with 675 kWh of onboard energy, supporting zero tailpipe emissions.