Welcome to our dedicated page for Proterra news (Ticker: PTRAQ), a resource for investors and traders seeking the latest updates and insights on Proterra stock.
Proterra is a pioneering company specializing in the design and production of zero-emission heavy-duty vehicles. They offer buses that help fleet operators cut down on costs while providing clean and quiet transportation solutions across the U.S. Proterra's Catalyst platform sets the industry benchmark, meeting the daily mileage requirements of most U.S. transit routes on a single charge. With over 480 vehicles sold to various transit agencies, Proterra is dedicated to delivering high-performance products that cater to the increasing market demand. Their commitment to quality is reflected in the durability and energy efficiency of their products, which undergo stringent U.S. certification testing. Proudly based in America, Proterra designs, engineers, and manufactures its vehicles domestically, with offices in Silicon Valley, South Carolina, and Los Angeles.
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Proterra Inc (PTRAQ) has received approval from the U.S. Bankruptcy Court for the sale of its Proterra Transit business line to Phoenix Motor, Inc. This sale marks a significant development in the commercial vehicle electrification technology industry, positioning Proterra as a key player in the North American public transportation market.
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Proterra Inc (OTC: PTRAQ) has received final approval for the sale of the Proterra Powered business line to Volvo Battery Solutions LLC and the sale of the Proterra Transit business line to Phoenix Motor, Inc. The sale of the Proterra Energy business line to a group of private funds controlled by Cowen Equity will be consummated through a Chapter 11 Plan of Reorganization upon exit from bankruptcy. The sale hearing for the Proterra Transit business line has been scheduled for December 12, 2023, and the transaction close date is expected to occur in Q1 of 2024.
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Proterra Inc (OTC: PTRAQ) has announced that Phoenix Motor, Inc. and CSI GP I LLC, among others, have been selected as winning bidders to acquire the Proterra Transit and Proterra Energy business lines, respectively, through a Chapter 11 sales process. The acquisitions are subject to bankruptcy court and regulatory approvals.
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Proterra Inc (OTC: PTRAQ) has announced that Volvo Battery Solutions LLC is the winning bidder to acquire the Proterra Powered business line as part of the Chapter 11 sales process. The acquisition is subject to approval from the bankruptcy court and regulatory authorities. Proterra CEO Gareth Joyce expressed optimism about maximizing the potential of their product lines through this important step.
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FAQ
What is the market cap of Proterra (PTRAQ)?
The market cap of Proterra (PTRAQ) is approximately 2.7M.
What is Proterra known for?
Proterra specializes in manufacturing zero-emission heavy-duty vehicles, particularly buses, to provide clean and quiet transportation solutions.
How many vehicles have Proterra sold so far?
Proterra has sold over 480 vehicles to 60 different transit agencies in 25 states across the U.S.
What sets Proterra's Catalyst platform apart?
Proterra's Catalyst platform is capable of serving the full daily mileage needs of most U.S. transit routes on a single charge, making it highly efficient and cost-effective.
Where are Proterra's offices located?
Proterra has offices in Silicon Valley, South Carolina, and Los Angeles, emphasizing their American roots and commitment to domestic manufacturing.
What quality standards do Proterra products meet?
Proterra products undergo rigorous U.S. certification testing to ensure unmatched durability and energy efficiency, setting them apart in the industry.
What is Proterra's commitment to the environment?
Proterra's zero-emission heavy-duty vehicles contribute significantly to reducing carbon emissions and promoting sustainable transportation solutions.
How can I learn more about Proterra?
Visit Proterra's official website at www.proterra.com or follow them on Twitter (@proterra_inc) for the latest updates and news.
Who leads Proterra?
Gareth Joyce serves as the CEO of Proterra, leading the company in its mission to provide cutting-edge electric transit vehicles and EV technology solutions.
Where can I find information about Proterra's Chapter 11 proceedings?
All court filings and additional details regarding Proterra's Chapter 11 sales process are available at https://www.kccllc.net/proterra or by contacting the provided phone numbers.
What distinguishes Proterra's EV technology solutions?
Proterra offers a comprehensive set of EV charging solutions to scale zero-emission commercial vehicle fleets, including innovative tools like the Valence fleet and energy management tool.
What industry tests have Proterra's products undergone?
Proterra products are based on industry-leading durability and energy efficiency as per rigorous U.S. independent testing, ensuring top-notch quality and performance standards.
What regions do Proterra's vehicles serve?
Proterra's vehicles are designed to provide clean and efficient transportation solutions across the U.S., serving various municipal, university, airport, and commercial transit agencies in 25 states.
What are the upcoming developments for Proterra?
Proterra's recent sale hearing for Phoenix Motor, Inc.'s acquisition of its Transit business line and the pending transactions with Volvo and CSI mark significant milestones in the company's evolution and growth.
Who are Proterra's key partners?
Proterra collaborates with Phoenix Motor, Inc., Volvo, and CSI to advance its business and expand its presence in the electric transit vehicle market.
What is Proterra's commitment to American manufacturing?
Proterra proudly designs, engineers, and manufactures its zero-emission electric transit vehicles in America, reflecting its dedication to domestic production and quality.
What is Proterra's approach to energy efficiency?
Proterra prioritizes energy efficiency in its products, delivering top-notch performance and cost-effective solutions that drive sustainability in the transportation sector.
How does Proterra support the North American public transportation market?
Proterra's electric transit vehicles play a vital role in supporting the North American public transportation market by offering innovative and sustainable mobility solutions for various transit agencies.
What is Proterra's vision for the future of transit technology?
Proterra envisions a future where zero-emission heavy-duty vehicles revolutionize the transportation sector, offering efficient, clean, and reliable solutions for local communities and transit agencies.
How does Proterra contribute to reducing carbon emissions?
Proterra's zero-emission heavy-duty vehicles significantly reduce carbon emissions and promote environmental sustainability by providing clean and efficient transportation alternatives.
What distinguishes Proterra's range of products in the market?
Proterra's products stand out for their industry-leading durability, energy efficiency, and cutting-edge design, offering state-of-the-art solutions for the transit sector.
What regulatory approvals are required for Proterra's pending transactions?
Proterra's pending transactions with Phoenix Motor, Inc., Volvo, and CSI are subject to final regulatory approvals and closing conditions, ensuring compliance with legal and industry standards.
How does Proterra ensure product quality and performance?
Proterra products undergo rigorous testing and certification processes to meet industry standards for durability, energy efficiency, and overall performance, ensuring top-quality solutions for customers.
What factors drive Proterra's success in the electric transit vehicle market?
Proterra's commitment to innovation, quality, and sustainability drives its success in the electric transit vehicle market, offering cutting-edge solutions that address the evolving needs of transit agencies and fleet operators.
What is Proterra's role in advancing eco-friendly transportation solutions?
Proterra plays a critical role in advancing eco-friendly transportation solutions by providing zero-emission electric transit vehicles that reduce carbon emissions and promote sustainable mobility options for communities.
How does Proterra contribute to reducing operating costs for bus fleet operators?
Proterra's zero-emission heavy-duty vehicles help bus fleet operators reduce operating costs significantly by offering energy-efficient, cost-effective transportation solutions that align with sustainability goals and industry standards.
Proterra Inc.
OTC:PTRAQ
PTRAQ Rankings
PTRAQ Stock Data
2.75M
206.81M
1.53%
6.97%
8.49%
Farm & Heavy Construction Machinery
Industrials
United States
Burlingame