Proterra (PTRA) announces Chapter 11

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Go back to Proterra (PTRA) announces Chapter 11

Proterra Announces Strategic Initiatives to Strengthen Financial Position and Sharpen Technology Focus

August 7, 2023 5:35 PM EDT

Files for Voluntary Chapter 11 Reorganization to Maximize Value of the Business & Product Line PotentialCompany Continues to Operate as a Leading Commercial Vehicle EV Technology Provider

BURLINGAME, Calif., Aug. 07, 2023 (GLOBE NEWSWIRE) -- Proterra Inc (Nasdaq: PTRA) (Proterra or the Company), a leading innovator in commercial vehicle electrification technology, today announced that the Company is taking action to maximize the value of its business and enhance the potential of each of its product lines. To do so, Proterra has voluntarily filed for protection under Chapter 11 of the U.S.... More