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ProsserP

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Re: Proterra

in response to

Proterra

ProsserP

posted on Nov 10, 2023 04:36PM

Volvo to acquire battery business from Proterra Inc. and Proterra Operating Company

11-10-23

Proterra Inc. and Proterra Operating Company Inc. are in a voluntary Chapter 11 bankruptcy process in the US. Volvo Group has been selected as the winning bidder in an auction for the business and assets of the Proterra Powered business unit at a purchase price of USD 210M.

https://www.volvogroup.com/en/news-and-media/news/2023/nov/volvo-to-acquire-battery-business-from-proterra-inc--and-proterra-operating-company.html

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