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Phoenix completes purchase of Proterra’s electric transit vehicle business


Proterra’s filing for Chapter 11 bankruptcy protection took the EV industry by surprise, but the blow was softened by the company’s plan to sell off its business units: Proterra Powered (powertrain and battery technology); Proterra Transit (electric buses); and Proterra Energy (charging infrastructure). In November, the Volvo Group was selected as the winning bidder for Proterra Powered…. Read more…

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