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.
The Proterra Powered H-Series battery system will provide the Blue Arc electric delivery van with an approximate range of 150 to 175 miles on a single charge.
Proterra entered into a multi-year supply agreement to power Nikola’s Tre battery-electric and fuel-cell-electric Class 8 trucks.
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.
Penske, Roush CleanTech and Proterra are collaborating on fleet electrification strategies, including charging, to support customers.
Lightning eMotors expects to produce 100 purpose-built Electric Transits this year, with a projection of up to 3,000 units by 2023.
A deal with Proterra completes Volta Trucks’s strategic sourcing of its electric powertrain. The venture will lead to production of the all-electric 16-ton Volta Zero commercial truck that can deliver freight inside urban areas.
The transaction represents an enterprise value of $1.6 billion for Proterra.
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.
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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