Proterra launches cloud-based EV fleet charging software platform with Delaware Transit Corporation

Rhea-AI Summary

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.

Positive

• DTC achieved a 23.8% reduction in fuel costs within one month of using Valence.
• Valence optimizes operational costs through advanced energy management.
• DTC received six new Proterra ZX5 battery-electric buses to enhance its fleet.

Negative

• None.

Within first month of utilizing Proterra’s Valence™ software platform, Delaware Transit Corporation lowers its fuel price by over 23%

BURLINGAME, Calif., April 13, 2023 (GLOBE NEWSWIRE) -- Proterra Inc (NASDAQ: PTRA), a leading innovator in commercial vehicle electrification technology, today announced the Delaware Transit Corporation (DTC), operator of DART transit services, as its first customer to operate Proterra’s new fully-integrated fleet and energy management software platform, Valence.

Valence is a cloud-based, software-as-a-service platform designed to optimize commercial electric vehicle fleet deployments. Valence provides a comprehensive suite of solutions to commercial electric vehicle fleet operators, including tools for data analytics and reporting, vehicle and charger diagnostics as well as charger optimization and energy management.

Through its smart energy management capabilities, Valence is designed to improve the total cost of ownership for electric vehicle fleet operators by optimizing costs associated with EV charging. Proterra’s Valence team works with customers to understand operational requirements and electricity rates in order to design optimized charging strategies that best serve the customer needs. A key strategy is demand charge reduction, which is implemented in Valence by minimizing EV charging during peak electricity usage periods. Within the first month of utilizing Valence, DTC was able to save 23.8% on its average price of fuel, based on the specific electricity rate structure determined by DTC’s electric utility. The cost-saving benefits of Valence’s charge management feature that customers can realize may vary based on vehicle routes and electricity rates

“DTC is delighted to see how much our agency was able to save in operational costs by using Valence,” said DTC CEO John Sisson “We will continue to embrace advanced technology that will take our agency to the next level of vehicle transportation. As DTC continues to further its commitment to zero emission fleets, we’re glad to have Proterra as our partner to guide us through the process.”

Proterra offers an end-to-end electrification solution that includes heavy-duty EV batteries and transit vehicles, drivetrains, charging infrastructure, and fleet and energy management software. This end-to-end technology suite can unlock a seamless electrification experience for transit agencies and other commercial EV customers while enabling comprehensive access to operational data to improve performance and lower costs.

“Proterra is thrilled to see the positive impact Valence is already delivering for customers like DART. From batteries and buses to chargers and software, our comprehensive technology platform is helping fleet operators cut costs, enhance performance and improve the overall electrification experience,” said Chris Bailey, Proterra’s Chief Business Officer.

In addition to integrating Valence into the agency’s EV fleet, DTC also recently received six new 35-foot Proterra ZX5 battery-electric buses, with another six buses expected to arrive soon. This deployment is a continuation of DTC’s plan to eliminate emissions from their transit fleet by 50% by the year 2030.

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

Proterra Contacts
Media Contact
PR@proterra.com

Investor Contact
IR@proterra.com