
Volvo Group is paying $210 million to buy the Proterra Powered business unit, which has provided battery technology, drivetrains, vehicle electrification and e-mobility technology to vehicle makers. as part Proterra's Chapter 11 bankruptcy proceedings.
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Proterra entered into a multi-year supply agreement to power Nikola’s Tre battery-electric and fuel-cell-electric Class 8 trucks.
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Chris Bailey will lead the Proterra's growing business as a provider of electric vehicle technology to commercial manufacturers and charging infrastructure solutions for heavy-duty electric fleets.
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The transaction represents an enterprise value of $1.6 billion for Proterra.
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As president of Proterra Powered and Energy, Gareth Joyce will lead Proterra's growing business as a provider of its electric vehicle technology to commercial manufacturers and charging infrastructure solutions for heavy-duty electric fleets.
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Developed in partnership with Power Electronics, the new Proterra charging systems offer transit agencies and fleet operators a customizable vehicle charging solution.
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The new, narrower H Series battery packs were designed to package into standard truck frame rails and increase packaging flexibility for Proterra-Powered customers.
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Before joining Proterra as chairman in 2017, Allen spent more than 30 years at Navistar International, the global truck and bus company, where he most recently served as chief operating officer.
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FCCC said the MT50e will use a Proterra high-performance battery system. Factory-installed, the fully integrated electric power system provides 226 kWh of energy capacity in all-electric, zero-emission drive package.
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Proterra has launched the Proterra Powered vehicle electrification solution aimed at commercial vehicle manufacturers, leveraging the company’s electric vehicle technology to help OEMs design heavy-duty electric vehicles.
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