Welcome to our dedicated page for PTRA news (Ticker: PTRA), a resource for investors and traders seeking the latest updates and insights on PTRA stock.
Proterra Inc (NASDAQ: PTRA) is a leading innovator in zero-emission heavy-duty transportation solutions, specializing in electric transit buses and scalable EV charging infrastructure. This news hub provides investors and industry professionals with timely updates on corporate developments, technological advancements, and strategic initiatives shaping the future of sustainable mass transit.
Our comprehensive collection of Proterra news sources delivers essential information for stakeholders tracking the electric vehicle sector. Find official announcements regarding new vehicle platforms, charging network expansions, partnership agreements, and operational milestones. The curated content enables informed analysis of Proterra's market position within the evolving clean transportation industry.
Key coverage areas include product innovation updates for the Catalyst Platform, deployment progress of Proterra Energy charging systems, and strategic collaborations with municipal transit authorities. Users will also find regulatory developments affecting commercial EV adoption and infrastructure investments relevant to Proterra's core operations.
Bookmark this page for direct access to verified Proterra press materials and objective reporting on the company's contributions to electrified public transportation. For additional resources, visit Proterra's official website at www.proterra.com.
Proterra Inc (NASDAQ: PTRA) has expanded its partnership with Lightning eMotors through a new multi-year supply agreement to provide battery systems for Class 4 and Class 5 electric commercial vehicles. The contract entails supplying over 900 megawatt hours of battery capacity, enabling the production of up to 10,000 vehicles between 2022 and 2025. This expansion includes supporting Lightning eMotors' partnership with Forest River for zero-emission shuttle buses and builds upon previous collaborations for Class 3 electric vans.
Proterra Inc (NASDAQ: PTRA) announced its third-quarter financial results on November 10, 2021. The results are available on their Investor Relations website, offering insights into the company's performance. A conference call is scheduled for the same day at 2:00 PM Pacific Standard Time to discuss these results further. Proterra specializes in zero-emission electric transit vehicles and EV technology solutions, emphasizing its commitment to durability and energy efficiency through rigorous U.S. testing, with manufacturing based in America.
LADOT has secured a $6 million grant from the California Energy Commission to create one of the largest EV fleet charging systems in the U.S., powered by a solar and storage microgrid. This initiative aims to support the agency’s transition to a fully electric bus fleet by 2028, with plans for 104 EV chargers at the Washington Bus Yard. The project will reduce greenhouse gas emissions, lower electricity costs, and provide emergency backup power. Proterra and Apparent will collaborate on the installation, ensuring efficient energy management for the electric buses.
Proterra (Nasdaq: PTRA) announced an extension of the redemption date for its public and private placement warrants until 5:00 p.m. NYC time on October 29, 2021. This decision allows warrant holders additional time to exercise their warrants, although the company is not required to extend this deadline. Previously, the initial redemption date was set for October 27, 2021, at a redemption price of $0.10 per warrant. After the initial date, the public warrants were delisted from Nasdaq, and unexercised warrants will only be entitled to the redemption price after the new date.
Proterra Inc (Nasdaq: PTRA) will announce its third quarter 2021 financial results on November 10, 2021, after market close. A conference call will occur at 2:00 PM Pacific Time on the same day to discuss these results. Investors can access a live audio webcast on Proterra's Investor Relations website. Proterra specializes in zero-emission electric transit vehicles, boasting superior durability and energy efficiency, with products manufactured in the USA.
Proterra Inc and Komatsu announced a collaboration to integrate Proterra's battery systems in underground mining machines. This partnership marks Proterra's entry into the underground mining equipment market, focusing on developing battery-electric load-haul-dump (LHD) machines, drills, and bolters. Proterra's high-performance H Series batteries will power prototype machines slated for commercial production in 2022. This collaboration follows a previous agreement where Proterra provided battery systems for Komatsu's excavators, reflecting both companies' commitment to sustainable mining solutions.
Proterra Inc (NASDAQ: PTRA) appointed Chris Bailey as president of its Proterra Powered and Energy business units, effective immediately. Bailey, previously Senior Vice President of Proterra Energy, takes over from Gareth Joyce, who was promoted to President of Proterra. With a strong background in business development, Bailey aims to enhance Proterra's role in providing electric vehicle technology to commercial manufacturers. Proterra Powered is focused on helping manufacturers electrify vehicles, while Proterra Energy provides comprehensive charging infrastructure solutions.
An electric school bus in Beverly, Massachusetts has successfully delivered power back to the grid for over 50 hours this summer. This initiative, led by National Grid (NYSE:NGG) in collaboration with Highland Electric Fleets, marks a significant milestone as the first instance of an electric school bus supporting the electricity grid via V2G technology in New England and one of the first in the U.S. The bus discharged nearly three megawatt-hours of stored electricity during 30 peak demand events, contributing to local energy efficiency and reducing reliance on fossil fuels.
Proterra, a leader in electric transit solutions, announced a significant milestone in Beverly, Massachusetts, where a Thomas Built electric school bus delivered nearly three megawatt-hours of electricity back to the grid for over 50 hours this summer. This initiative, in collaboration with Highland Electric Fleets and National Grid, marks one of the first instances of an electric school bus supporting the electricity grid in the U.S. The project exemplifies the potential of vehicle-to-grid (V2G) technology to enhance grid resilience and reduce reliance on fossil fuels.
Proterra Inc (Nasdaq: PTRA) announced the Redemption Fair Market Value of $9.8542 for its outstanding warrants, which will determine share issuance on a cashless exercise. Holders can receive 0.253 shares of Common Stock per warrant. The redemption entails all public and private placement warrants, and any unexercised warrants after the October 27, 2021 deadline will become void, with holders receiving only $0.10 per warrant. Proterra's press release emphasizes this as part of its ongoing commitment to transparency with warrant holders.
