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) announces a significant procurement agreement with Capital Metro in Austin, Texas, for 26 Proterra ZX5 Max electric transit buses, set for delivery in 2022. This plan includes options for up to 126 additional buses and EV charging infrastructure over five years, marking one of North America's largest battery-electric transit bus acquisitions. The ZX5 Max features 675 kWh of battery storage, enabling a range of up to 329 miles on a single charge. This procurement reflects Capital Metro's commitment to transitioning to a zero-emission fleet of over 400 vehicles.
Proterra Inc (Nasdaq: PTRA) announced plans to redeem all outstanding Public and Private Placement Warrants for a price of $0.10 each. The redemption targets warrants following the achievement of a minimum stock price of $10.00 for 20 trading days prior to the notice. Holders can exercise warrants until 5:00 p.m. NYC time on October 27, 2021, with options for cash or cashless transactions, subject to specific terms. Any unexercised warrants post-deadline will be voided. The company’s common stock is registered under the Securities Act of 1933.
Proterra Inc (NASDAQ: PTRA) has announced significant changes to its executive leadership. Gareth Joyce, previously President of Proterra's Powered and Energy divisions, has been promoted to President of the entire company. He will collaborate with CEO Jack Allen to drive growth strategies. Chief Financial Officer Amy Ard will depart after a transition period, with A.J. Cederoth named Interim CFO. Ard's departure is not due to disagreements over financial reporting. Proterra is actively searching for a permanent CFO while continuing to capitalize on the growing demand for electric vehicles.
Proterra has finalized a significant agreement with LG Energy Solution to secure a long-term supply of U.S.-manufactured cylindrical battery cells for commercial electric vehicles. The commitment includes a low nine-figure dollar upfront investment and multiple gigawatt hours of capacity annually, enhancing Proterra's manufacturing capabilities for USMCA-compliant battery systems. This partnership extends their existing supply agreement through 2024, ensuring a stable supply of batteries through 2028. Proterra aims to meet the growing demand for zero-emission vehicles, reinforcing its position in the market.
Proterra Inc (NASDAQ: PTRA) has announced its second-quarter 2021 financial results on August 11, 2021, now available on its Investor Relations website. The company specializes in designing and manufacturing zero-emission electric transit vehicles, showcasing its commitment to sustainability and innovation in the EV sector. A conference call to discuss these financial results will take place at 2:00 PM PDT on the same day, with a live audio webcast accessible on their website.
Proterra Inc (Nasdaq: PTRA) will release its Q2 2021 financial results after market close on August 11, 2021. A conference call to discuss these results will take place at 2:00 PM PDT on the same day, with a live audio webcast accessible via Proterra’s Investor Relations website.
Proterra specializes in zero-emission electric transit vehicles and EV technology solutions, backed by rigorous independent testing that highlights its products' durability and efficiency. The company's operations are based in Silicon Valley, South Carolina, and Los Angeles.
Proterra Inc (NASDAQ: PTRA) has partnered with Taylor Machine Works to equip Taylor's next-generation ZLC-series electric container handler and ZH-series forklift with Proterra's advanced battery technology. The ZLC-series is the world's first zero-emission top handler, designed for heavy-duty material handling in port environments and industrial settings. Deliveries are expected to start in 2022, marking Proterra's entry into the heavy-duty equipment market. Both companies aim to enhance electrification solutions, ensuring zero-emission standards are met in demanding operational conditions.
ROUSH CleanTech, in collaboration with Proterra and Penske Truck Leasing, announced the development of the all-electric Ford F-650 commercial truck, powered by Proterra’s advanced battery technology. The vehicle, capable of 125 miles on a single charge, will support various applications including utility and shuttle services. ROUSH CleanTech plans to deliver the first units to Penske in Q2 2023. This partnership aims to facilitate fleet electrification and offer robust support for the transition to cleaner transportation.
Proterra Inc (NASDAQ: PTRA) announced that 10 transit agencies have received Federal Transit Administration (FTA) Low or No Emission Program Grants to acquire Proterra electric transit buses and charging infrastructure. This marks the sixth consecutive year that FTA has awarded such grants under the FAST Act, highlighting Proterra's commitment to zero-emission transportation. The company's electric buses save approximately 230,000 pounds of greenhouse gases annually and have displaced over 100 million pounds of CO2 emissions. Proterra's battery systems power over 650 vehicles with more than 20 million service miles.
Proterra (NASDAQ: PTRA) has partnered with Miami-Dade County to electrify its transit fleet, acquiring 42 ZX5+ electric buses with a total of 19 MWh battery capacity. This project will establish 75 chargers across three depots, enhancing Miami's fleet to 75 electric buses, one of the largest in the U.S. The initiative supports Miami's commitment to sustainable transportation, projected to save approximately 230,000 pounds of greenhouse gases annually. Proterra aims to provide comprehensive EV technology solutions, including battery systems and charging infrastructure.
