It’s a tale as old as time… well at least for the past fifteen years or so when we look at the EV industry. EV battery and vehicle platform specialist Proterra is the latest company to join an infamous list of electrified tech companies who have filed for Chapter 11 bankruptcy. What does this mean for the other companies dependent on Proterra’s EV tech?
Proterra Inc. (PTRA) is (was?) an American automotive and energy storage developer that would be celebrating two decades in the industry next year. We at Electrek have contributed consistent coverage of the California-based company over the years through its countless ventures in electrification.
This included vehicle launches like its ZX5 Max electric bus last year and the rolling out of the first EV battery packs off the assembly lines at its latest production facility in South Carolina. In addition to its own vehicles, “Proterra powered” EVs like Thomas Built Buses have already eclipsed 1 million miles driven to date.