Proterra

Electric Mid- and Large (9-14m) Bus Market worth 171,000 units by 2030 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Friday, January 26, 2024
LFP, School, New Flyer Xcelsior, Daimler, Traction, EPA, VTA, Chemistry, City, Proterra, Policy, Ballard Power Systems, Government, NMC, Travel, Hyundai, USD, EV, FTA, Transport, Hyundai Motor Company

Fuel cell electric mid- & large buses are gaining traction as an eco-friendly alternative in public transportation.

Key Points: 
  • Fuel cell electric mid- & large buses are gaining traction as an eco-friendly alternative in public transportation.
  • They offer a 300-500 km range and have shorter refueling time than diesel or electric mid- & large buses.
  • It is the 3rd largest electric mid- & large bus market, running behind Asia Pacific and Europe.
  • More than 50% of the electric mid- & large bus in North America are City/Transit buses, followed by School buses.

Electric Mid- and Large (9-14m) Bus Market worth 171,000 units by 2030 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Friday, January 26, 2024
LFP, School, New Flyer Xcelsior, Daimler, Traction, EPA, VTA, Chemistry, City, Proterra, Policy, Ballard Power Systems, Government, NMC, Travel, Hyundai, USD, EV, FTA, Transport, Hyundai Motor Company

Fuel cell electric mid- & large buses are gaining traction as an eco-friendly alternative in public transportation.

Key Points: 
  • Fuel cell electric mid- & large buses are gaining traction as an eco-friendly alternative in public transportation.
  • They offer a 300-500 km range and have shorter refueling time than diesel or electric mid- & large buses.
  • It is the 3rd largest electric mid- & large bus market, running behind Asia Pacific and Europe.
  • More than 50% of the electric mid- & large bus in North America are City/Transit buses, followed by School buses.

LPL Financial Names Sara Dadyar Chief Human Capital Officer

Retrieved on: 
Tuesday, December 5, 2023
General Electric, Talent, Proterra, Culture, Human Capital, SAN, LPL, Management

SAN DIEGO, Dec. 05, 2023 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that Sara Dadyar will join LPL in January as managing director and chief human capital officer.

Key Points: 
  • SAN DIEGO, Dec. 05, 2023 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that Sara Dadyar will join LPL in January as managing director and chief human capital officer.
  • She will lead the firm’s Human Capital function, Employment Brand Management and Culture and Talent departments, and serve as a member of the Management Committee.
  • “Sara’s breadth and depth of human resources leadership — matched with her people-first approach and commitment to solving for the greater good — will help us continue to make human capital a key contributor and strategic asset to the firm’s success,” said Dan Arnold, LPL president and CEO.
  • Following her tenure at General Electric, she served as chief people officer at Proterra, helping to reimagine their human capital organization and their commitment to attracting and developing great talent.

Proterra Receives Court Approval for Sale of Proterra Powered Business Line

Retrieved on: 
Wednesday, November 29, 2023
Proterra (bus manufacturer), Sale, Volvo, Bankruptcy, CSI, Acquisition, FTI Consulting, Corporate action, Proterra, OTC, United States bankruptcy court, EV, Airline

BURLINGAME, Calif., Nov. 29, 2023 (GLOBE NEWSWIRE) -- Proterra Inc (OTC: PTRAQ) (“Proterra” or the “Company”), a leading innovator in commercial vehicle electrification technology, today announced that the Company has received final approval from the U.S. Bankruptcy Court for the sale of the Company’s Proterra Powered business line to Volvo Battery Solutions LLC (“Volvo”).

Key Points: 
  • BURLINGAME, Calif., Nov. 29, 2023 (GLOBE NEWSWIRE) -- Proterra Inc (OTC: PTRAQ) (“Proterra” or the “Company”), a leading innovator in commercial vehicle electrification technology, today announced that the Company has received final approval from the U.S. Bankruptcy Court for the sale of the Company’s Proterra Powered business line to Volvo Battery Solutions LLC (“Volvo”).
  • Proterra Powered leverages the Company’s industry-leading battery technology and expertise to electrify commercial vehicles.
  • The Sale hearing for Phoenix Motor, Inc.’s (“Phoenix”) pending acquisition of the Proterra Transit business line has been moved to December 12, 2023.
  • The sale of the Proterra Energy business line to a group of private funds controlled by Cowen Equity (“CSI”) will be consummated through a Chapter 11 Plan of Reorganization upon exit from bankruptcy.

Proterra Announces Results of Chapter 11 Sale of the Proterra Powered Business Line

Retrieved on: 
Friday, November 10, 2023
Acquisition, Proterra, FTI Consulting, Proterra (bus manufacturer), OTC, Bankruptcy, Airline

BURLINGAME, Calif., Nov. 10, 2023 (GLOBE NEWSWIRE) -- Proterra Inc (OTC: PTRAQ) (“Proterra” or the “Company”), a leading innovator in commercial vehicle electrification technology, today announced that the Company has successfully concluded the “Track B” auction of its Chapter 11 sales process and Volvo Battery Solutions LLC (“Volvo”) is the winning bidder to acquire the Proterra Powered business line.

Key Points: 
  • Volvo’s acquisition is subject to the bankruptcy court’s approval, as well as regulatory approvals and closing conditions.
  • “We entered into the Chapter 11 process with a mission to maximize the potential of each of our product lines.
  • Today, we have taken an important step towards that goal for our Proterra Powered business,” said Gareth Joyce, Proterra CEO.
  • Proterra Powered leverages the Company’s industry-leading battery technology and expertise to electrify commercial vehicles.

Lightning eMotors Reports Record Revenue for the Third Quarter of 2023

Retrieved on: 
Monday, November 20, 2023
Technology, General Automotive, Fleet Management, Automotive Manufacturing, EV, Electric Vehicles, Manufacturing, Other Transport, Automotive, Trucking, Vehicle Technology, Transport, Software, Public Transport, Other Automotive, EBITDA, Collins Industries, MES, Commercial, Form 10-Q, Bank statement, MRP, Investment, Collection, Form, ISO, OEM, GAAP, CATL, Partnership, ERP, ISO 9001:2015, Certification, Airline, Rail transport, Video game, Bookkeeping, Proterra, Lightning

Lightning eMotors, a leading provider of zero-emission powertrains and medium-duty and specialty commercial electric vehicles for fleets, today announced consolidated results for the third quarter ended September 30, 2023.

Key Points: 
  • Lightning eMotors, a leading provider of zero-emission powertrains and medium-duty and specialty commercial electric vehicles for fleets, today announced consolidated results for the third quarter ended September 30, 2023.
  • We generated record quarterly revenue, selling 110 vehicles across a range of classes and vehicle applications.
  • Through our partnership with Collins Bus, Lightning has sold 70 of our new ZEV4 school buses since we launched the product this Spring.
  • Third quarter revenue was $12.4 million, compared to $11.1 million for the prior year quarter.

TPI Composites, Inc. Announces Third Quarter 2023 Earnings Results

Retrieved on: 
Thursday, November 2, 2023
Public expenditure, Bankruptcy, EBITDA, Sale, Investment, Wind, Field service management, Capital expenditure, Renewable energy, Cryptocurrency, Proterra

Number of wind blade manufacturing lines that are dedicated to our customers under long-term supply agreements at the end of the period.

Key Points: 
  • Number of wind blade manufacturing lines that are dedicated to our customers under long-term supply agreements at the end of the period.
  • This reduction is mainly due to a decrease in the number of composite bus bodies produced due to Proterra’s bankruptcy during the third quarter of 2023.
  • On September 30, 2023 and December 31, 2022, we had unrestricted cash, cash equivalents and short-term investments totaling $160.6 million and $133.6 million, respectively.
  • Capital expenditures were $9.2 million for the three months ended September 30, 2023, as compared to $3.5 million during the same period in 2022.

John Walsh Appointed Chief Commercial Officer, Americas as part of EO Charging's Rapid Expansion into North America

Retrieved on: 
Tuesday, September 19, 2023
EV, NFI Group, Software, EO Charging, Construction, DHL, Proterra (bus manufacturer), Energy, Ebus, National Bus Company (UK), REV Group, Marketing, Power transition theory, Power, UPS, Growth, Smith Electric Vehicles, OEM, Transport, EO, Chicago Transit Authority, NYSE, REVG, Rail transport, Airline, Proterra, Amazon

KANSAS CITY, Mo., Sept. 19, 2023 /PRNewswire/ -- EO Charging ("EO"), Europe's leading provider of software, maintenance services and turnkey design and construction for depot-based van, truck and bus fleets, announced that John Walsh has joined the company as Chief Commercial Officer of its Americas business. Walsh brings more than three decades of experience in the transportation industry to the company, with expertise in transit and school bus electrification solutions. Walsh will lead all commercial aspects of EO's Americas business to support the company's recently announced expansion into the U.S. market.

Key Points: 
  • Walsh brings more than three decades of experience in the transportation industry to the company, with expertise in transit and school bus electrification solutions.
  • Walsh will lead all commercial aspects of EO's Americas business to support the company's recently announced expansion into the U.S. market .
  • "The North American market is witnessing unprecedented heavy-duty vehicle electrification amplified by sustainability targets and widespread funding availability.
  • Walsh has also served as Vice President of Sales and Marketing at ARBOC Specialty Vehicles and CEO of VPG Autos.

Proterra, Inc investors: Please contact the Portnoy Law Firm to recover your losses; September 12, 2023, deadline

Retrieved on: 
Monday, September 11, 2023
Letter, Annual report, OTC, Security (finance), Pharmaceutical industry, Proterra

LOS ANGELES, Sept. 11, 2023 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Proterra, Inc. (“Proterra” or the “Company”) (OTC: PTRAQ) investors that a lawsuit filed on behalf of investors that purchased Proterra securities between August 2, 2022 through March 15, 2023, both dates inclusive (the “Class Period”).

Key Points: 
  • The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.
  • Proterra is engaged in the development and production of electric transit vehicles and electric vehicle solutions with zero emissions.
  • On March 15, 2023, Proterra issued their quarterly earnings report for the fourth quarter of 2022 through a letter.
  • The Portnoy Law Firm represents investors in pursuing claims against caused by corporate wrongdoing.

DEADLINE ALERT for BAX, RAIN, PTRA, and SE: The Law Offices of Frank R. Cruz Reminds Investors of Class Actions on Behalf of Shareholders

Retrieved on: 
Monday, September 11, 2023
Proterra, Face, Baxter, Law, MANTRA, Sea Ltd, Complaint, Suite, Investment, Defendant, Growth, FDA, Security (finance)

LOS ANGELES, Sept. 11, 2023 (GLOBE NEWSWIRE) -- The Law Offices of Frank R. Cruz reminds investors that class action lawsuits have been filed on behalf of shareholders of the following publicly-traded companies.

Key Points: 
  • LOS ANGELES, Sept. 11, 2023 (GLOBE NEWSWIRE) -- The Law Offices of Frank R. Cruz reminds investors that class action lawsuits have been filed on behalf of shareholders of the following publicly-traded companies.
  • Investors suffering losses on their investments are encouraged to contact The Law Offices of Frank R. Cruz to discuss their legal rights in these class actions at 310-914-5007 or by email to [email protected] .
  • This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
  • The Law Offices of Frank R. Cruz, Los Angeles