The acquisition of the new, all-electric bus was made possible through funding from the Volkswagen Environmental Mitigation Trust.
Volvo Completes Acquisition of Proterra's Battery Business
The acquisition, which was made at a purchase price of $210 million before adjustment for inventory level at closing and was first announced in November, includes a development center for battery modules and packs in California and an assembly factory in Greer, S.C.
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