Welcome to our dedicated page for Proterra news (Ticker: PTRA), a resource for investors and traders seeking the latest updates and insights on Proterra stock.
Proterra Inc (NASDAQ: PTRA) is a pioneering leader in the design and manufacture of zero-emission heavy-duty vehicles, primarily focusing on electric transit buses. Since its inception, Proterra has sold over 480 vehicles to 60 different municipal, university, airport, and commercial transit agencies across 25 states in the U.S., significantly contributing to greener and quieter local transportation.
The company's flagship product, the Proterra Catalyst Platform, is known for its unmatched durability and energy efficiency. Designed to meet the full daily mileage needs of nearly every U.S. transit route on a single charge, the Catalyst platform demonstrates Proterra's commitment to innovation and sustainability in public transportation. These vehicles are rigorously tested and proudly designed, engineered, and manufactured in America, with operational hubs in Silicon Valley, South Carolina, and Los Angeles.
Proterra's commitment to sustainability and innovation is further showcased through its Proterra Energy division, which offers comprehensive EV charging solutions tailored to the specific needs of fleet operators. This includes everything from installation to fleet management software, ensuring that commercial EVs and their charging infrastructure can scale effectively.
Recently, Proterra collaborated with ABC Companies and Pacific Gas and Electric Company (PG&E) to open North America's largest electric motorcoach charging facility in Newark, California. This facility is a testament to Proterra's ability to provide scalable, efficient charging solutions for large fleets. The facility supports up to 1.4 megawatts of EV charging power, allowing up to 40 motorcoaches to be charged simultaneously. This milestone highlights Proterra's role in accelerating the adoption of electric vehicles in the commercial sector.
Despite recent market challenges, Proterra continues to push forward. On August 7, 2023, the company filed for Chapter 11 protection to restructure its business and maximize the value of its product lines. This strategic move aims to strengthen the company’s financial position, ensuring that it can continue to operate and innovate during this transition period.
For more information about Proterra and its latest developments, please visit www.proterra.com or follow them on Twitter @proterra_inc.
Proterra Inc (NASDAQ: PTRA) announced that the Delaware Transit Corporation (DTC) has successfully lowered its fuel costs by 23.8% within the first month of using Proterra's Valence™ software platform. Valence is a cloud-based fleet and energy management solution designed to optimize operational costs for electric vehicle fleet operators. It helps reduce electricity charges by minimizing EV charging during peak usage periods. DTC is committed to advancing its zero-emission fleet, supported by Proterra’s technology, which includes batteries, transit vehicles, and charging infrastructure. The agency also welcomed six new Proterra ZX5 battery-electric buses as part of its plan to cut emissions by 50% by 2030.
BURLINGAME, Calif., April 03, 2023 (GLOBE NEWSWIRE) -- Proterra Inc (Nasdaq: PTRA) has executed a definitive agreement with CSI Prodigy Holdco LP and related entities to amend its Note Purchase Agreement concerning outstanding convertible notes. This action follows a previous letter of intent announced on March 20, 2023. Details of the amendments can be found in the Company's Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission. Proterra is known for its zero-emission electric transit vehicles and EV technology, underscoring its commitment to sustainability in commercial applications.
The South Carolina Department of Education has finalized a deal to deploy 160 Proterra Powered electric school buses from Thomas Built Buses over the next year. This order is the largest electric school bus procurement funded through the EPA’s Clean School Bus Program to date. The new Saf-T-Liner C2 Jouley buses, equipped with Proterra's leading battery technology, can achieve a range of up to 135 miles on a single charge. This initiative aims to enhance zero-emission transportation in schools and is a significant step towards a sustainable future for South Carolina's students.
Proterra Inc (NASDAQ: PTRA) announced a partnership with LG Energy Solution for cylindrical battery cells production in a new facility in Queen Creek, Arizona. This manufacturing complex is expected to provide Proterra with multiple gigawatt hours of U.S.-manufactured battery cell capacity annually, supporting their commercial EV battery systems that comply with USMCA regulations. Mass production is scheduled to begin in 2025, with cylindrical cells qualifying for tax credits under the Inflation Reduction Act. The collaboration has been ongoing since 2016, focusing on high-performance battery technology tailored for commercial vehicles.
BURLINGAME, Calif., March 20, 2023 (GLOBE NEWSWIRE) -- Proterra (Nasdaq: PTRA) has announced a binding letter of intent with CSI GP I LLC, proposing amendments to the Note Purchase Agreement from August 4, 2020. The modifications involve changes to the terms related to convertible notes held by the Cowen Parties. Proterra intends to finalize definitive agreements reflecting this intent. Shareholders can find additional details in Proterra's Current Report on Form 8-K filed today with the SEC. As a leader in zero-emission electric transit vehicles, Proterra focuses on innovation in commercial vehicle electrification technology.
Proterra Inc (NASDAQ: PTRA) announced its fourth quarter and full year 2022 financial results via its Investor Relations website on March 15, 2023. The results reflect the company's focus on zero-emission electric transit vehicles and EV technology solutions for commercial applications. A conference call at 2:00 PM PDT was scheduled to discuss the financial outcomes and provide insights to shareholders. Proterra is recognized for its commitment to durability and energy efficiency, with its products engineered and manufactured in the U.S., contributing to sustainability in public transport.
Proterra Inc (PTRA) will release its Q4 and full year 2022 financial results on March 15, 2023, after market close. A conference call to discuss these results is scheduled for the same day at 2:00 PM PDT. Investors can access the live audio webcast through Proterra’s Investor Relations website.
Proterra is known for its innovative work in zero-emission electric transit vehicles and EV technology solutions, emphasizing sustainability and efficiency in its manufacturing processes.
Proterra Inc (NASDAQ: PTRA) has issued a statement regarding the transition of Silicon Valley Bank (SVB) into receivership by the FDIC. The company reports maintaining a de minimis amount of cash with SVB. Following the announcement from the Treasury Department and the Federal Reserve, Proterra expects to regain access to its accounts by March 13, 2023. The company does not anticipate a material impact on its financial condition or operations due to SVB's situation. Proterra will continue to monitor developments that may affect its relationships with customers, partners, and suppliers.
On February 28, 2023, Proterra (NASDAQ: PTRA) CEO Gareth Joyce was appointed by President Biden to the President's Export Council (PEC), a key advisory body on international trade. The PEC focuses on expanding U.S. exports and addressing trade issues across various sectors. Joyce expressed his commitment to advancing the electric vehicle and battery manufacturing industry, emphasizing the importance of clean transportation for future generations. Proterra is recognized for its zero-emission electric transit vehicles and EV technology solutions, proudly designed and manufactured in America.
Proterra Inc (NASDAQ: PTRA) and Thomas Built Buses (TBB) have announced a significant operational milestone, with TBB’s Proterra Powered Saf-T-Liner C2 Jouley electric school buses surpassing one million miles across North America. This achievement highlights the growing adoption of zero-emission school buses, supported by federal funding such as the EPA’s Clean School Bus program. The Saf-T-Liner C2 Jouley features 226 kWh of onboard energy, providing up to 135 miles of range. This collaboration underscores their commitment to sustainable transportation and cleaner air for communities.
FAQ
What does Proterra Inc specialize in?
How many vehicles has Proterra sold?
What is the Proterra Catalyst Platform?
Where are Proterra’s products designed and manufactured?
What recent collaborations has Proterra been involved in?
What is Proterra Energy?
Why did Proterra file for Chapter 11 protection?
Will Proterra continue operations during the Chapter 11 process?
How long has Proterra been in production?
Where can I find more information about Proterra?
