Volvo Group to acquire Proterra battery business

Chad Elmore Managing Editor, Power Progress

10 November 2023

Proterra Inc. filed Chapter 11 in the U.S

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 US $210 million.

As reported previously, Proterra Inc. and Proterra Operating Company Inc. are in a voluntary Chapter 11 bankruptcy process…

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