Phoenix Motor is now the official owner of bankrupt Proterra Transit
Baua Electric
JANUARY 12, 2024
Heavy-duty electric bus maker Proterra Transit just rose from the ashes because Phoenix Motor (Nasdaq: PEV) officially acquired it from bankrupt Proterra Inc. Earlier this week, Phoenix Motor received approval from the US bankruptcy court to close the deal and announced its finalization today. Get started here. –ad*
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