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The transaction represents an enterprise value of $1.6 billion for Proterra.
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Regaining momentum will take time, but there are some short-term expectations we can look forward to.
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The order includes a mix of new vehicles manufactured by Lightning eMotors, as well as new zero-emission powertrain systems developed by Lightning to be upfit by ABC Companies into customers’ previously operated vehicles.
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While it is certain that to get ahead of the carbon-neutral curve, the transportation sector needs to focus on electrification, the industry must also figure out how to optimize the current technology it is using.
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Both Xpress and GCT will be offering a 50% discount on the first purchase made through the Token Transit app during the months of January and February.
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An additional 10 units will be shipped to the U.S. in the first half of 2021. The all-electric CX45E will then be delivered to two North American customers.
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The new, longer-range Lightning Electric Transit Van is the fourth generation of its battery-electric and fuel-cell electric platform, based on the Ford Transit 350HD chassis.
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The accomplishment is made possible through an innovative agreement with Puget Sound Energy to purchase wind energy directly from the utility’s Green Direct program.
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The 40-foot buses produce lower emissions than standard fueled vehicles and older CNG vehicles, helping improve air quality in the community.
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With BCT’s purchase, Proterra has now sold more than 1,000 battery-electric transit buses in North America.
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