Phoenix Motor, Inc. Selected as Winning Bidder to Acquire Proterra Transit
CSI Selected as Winning Bidder to Acquire Proterra Energy Through Reorganization
Sale Hearing Scheduled for
Both acquisitions are subject to the bankruptcy court’s approval, as well as regulatory approvals and closing conditions.
Proterra Transit is a leading manufacturer of zero-emission, electric transit vehicles serving the North American public transportation market. Proterra Energy provides fleet operators with a comprehensive set of EV charging solutions to scale zero-emission commercial vehicle fleets, which includes the Company’s Valence fleet and energy management tool.
The Company previously announced that it successfully concluded the “Track B” auction of its Chapter 11 sales process with
The Company will seek the bankruptcy court’s approval of both the “Track A” and “Track B” acquisitions on
Additional Information
All court filings regarding the Chapter 11 sales process, as well as additional information about Proterra’s Chapter 11 proceedings are available at https://www.kccllc.net/proterra or by calling call 888-251-3076 for
About Proterra
Proterra is a leader in the design and manufacture of zero-emission electric transit vehicles and EV technology solutions for commercial applications. With industry-leading durability and energy efficiency based on rigorous
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The Company’s actual results may differ materially from those anticipated in these forward-looking statements as a result of certain risks and other factors, including risks and uncertainties relating to the Company’s Chapter 11 cases. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including risks and uncertainties set forth in the sections entitled “Risk Factors” in the Company’s Annual Report for the year ended
Media Contact PR@proterra.com
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