A deal with Proterra completes Volta Trucks’s strategic sourcing of its electric powertrain. The venture will lead to production of the all-electric 16-ton Volta Zero commercial truck that can deliver freight inside urban areas.
The transaction represents an enterprise value of $1.6 billion for Proterra.
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.
The new battery production line will manufacture Proterra’s industry-leading battery packs featuring new, next generation cells and will create dozens of new jobs in Los Angeles County.
With BCT’s purchase, Proterra has now sold more than 1,000 battery-electric transit buses in North America.
As president of Proterra Powered and Energy, Gareth Joyce will lead Proterra's growing business as a provider of its electric vehicle technology to commercial manufacturers and charging infrastructure solutions for heavy-duty electric fleets.
The 40-foot Proterra ZX5 MAX provides superior performance designed to tackle START’s routes even during the coldest winters.
Developed in partnership with Power Electronics, the new Proterra charging systems offer transit agencies and fleet operators a customizable vehicle charging solution.
CTA built one of the few terminals in North America that uniquely utilizes SAE J3105 overhead charging systems to maximize in-service time and performance of its Proterra electric bus fleet.
The pilot project was made possible thanks to a public-private partnership with MidAmerican Energy who signed on to provide the local match for DART’s Low or No-Emission grant application with the FTA.