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 the appointments of Julian Soell as Chief Operating Officer and Chris Bailey as Chief Business Officer, effective March 1, 2023. These appointments aim to enhance operational and financial performance as the company focuses on sustainable growth in zero-emission transportation. Julian Soell, with over 30 years of experience, will manage manufacturing and supply chain operations. Chris Bailey will lead commercial activities including sales and marketing. Both leaders possess extensive backgrounds in the automotive sector, promising to strengthen Proterra’s leadership in electric transit vehicles.
Proterra Inc (NASDAQ: PTRA) announced plans to consolidate its electric bus and battery manufacturing to larger facilities in South Carolina, exiting its City of Industry, CA plant by the end of 2023. This move targets improved production efficiency and better management of supply chain disruptions. Approximately 300 roles will be affected due to workforce reductions, with the company providing severance and outplacement services. CEO Gareth Joyce emphasized the importance of financial discipline and sustainable growth amid rising adoption of zero-emission transportation.
Proterra Inc (NASDAQ: PTRA) has achieved a significant milestone by producing its first EV battery at the new Powered 1 manufacturing plant in Greer, South Carolina. This facility is expected to be the largest battery manufacturing site in the U.S. dedicated solely to electric commercial vehicles, and it aims to begin customer deliveries in Q1 2023. The plant will also produce drivetrains and ancillary systems, creating over 100 new jobs. With multiple gigawatt hours of production capacity planned, Proterra is well-positioned to meet the growing demand for zero-emission transportation.
BURLINGAME, Calif., Nov. 08, 2022 – Proterra (NASDAQ: PTRA), a leader in commercial vehicle electrification, announced its management team's participation in upcoming investor conferences. Scheduled events include Baird’s 2022 Global Industrial Conference on November 10, Bernstein’s 1st Annual Industrials Conference on November 29, and Barclays Global Automotive and Mobility Tech Conference on November 30. Proterra designs and manufactures zero-emission electric transit vehicles and EV technology solutions, emphasizing energy efficiency and durability, with facilities across the U.S.
Proterra Inc (NASDAQ: PTRA) has released its third quarter 2022 financial results, now available on their Investor Relations website. A conference call is scheduled for 2:00 PM PDT on November 2, 2022, to discuss these results. Proterra is recognized for its leadership in designing and manufacturing zero-emission electric transit vehicles and EV technology solutions, emphasizing durability and energy efficiency through independent testing. Proterra’s commitment to American manufacturing is evident with its facilities located in Silicon Valley, South Carolina, and Los Angeles.
Proterra Inc (Nasdaq: PTRA) will release its third quarter 2022 financial results on November 2, 2022, after market closure. A conference call is scheduled for the same day at 2:00 PM Pacific Daylight Time to discuss the financial results. Investors can access the call via a live audio webcast on Proterra’s Investor Relations website. Proterra specializes in zero-emission electric transit vehicles and EV technology solutions, emphasizing durability and energy efficiency in its American-made products.
Proterra (NASDAQ: PTRA) announced the appointment of Sara Dadyar as the new Chief People Officer, effective October 17, 2022. With over 20 years of HR experience, Dadyar previously led HR initiatives at General Electric’s Gas Power business. Her role will focus on enhancing workplace operations, recruiting, and advancing diversity at Proterra during a critical growth phase in the electric vehicle sector. CEO Gareth Joyce emphasized her skill set and experience as vital for aligning Proterra's mission with the evolving market dynamics.
Proterra has entered a multi-year supply agreement with ElDorado National (California) to provide its S-Series battery systems for the next-generation Axess® Battery Electric Bus (EVO-BE). The buses will be available in various lengths for transit agencies, with the first deliveries expected in 2023. Proterra’s battery technology aims to enhance zero-emission transportation solutions, contributing to cleaner air across U.S. cities. This collaboration underscores Proterra's leadership in electric vehicle technology, which has already proven effective over 30 million service miles.
BURLINGAME, Calif., Sept. 1, 2022 (GLOBE NEWSWIRE) -- Proterra Inc (NASDAQ: PTRA), a leader in commercial vehicle electrification, announced upcoming participation in key investor conferences. Events include Citi’s 2022 Global Technology Conference in New York (Sept. 8, 2022), the Cowen’s 15th Annual Global Transportation and Sustainable Mobility Conference (virtually on Sept. 9, 2022), and D.A. Davidson’s 21st Annual Diversified Industrials & Services Conference in Nashville (Sept. 22, 2022). Interested portfolio managers can contact their sales representatives for meeting requests.
Proterra Inc (NASDAQ: PTRA) released its second quarter 2022 financial results on August 2, 2022, accessible via its Investor Relations website. The company leads in designing and manufacturing zero-emission electric transit vehicles and related technology solutions. A conference call is scheduled for the same day at 2:00 PM PDT to discuss these results and offer business updates. Proterra's products are noted for their durability and energy efficiency, with manufacturing based in America, supporting the transition to cleaner public transportation.
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