Volvo Group, which mainly provides large vehicles, construction equipment and power solutions across various industries, won an auction for the business and assets of Proterra Inc and Proterra Operating Company Inc for US$210 million.Nov 15, 2023
Proterra...
Founded in 2004, it became a public company in June 2021. The company delivered 199 new transit buses and battery systems for 1,229 vehicles in 2022. The company filed for Chapter 11 bankruptcy in August 2023. In November, its assets were auctioned to three companies.