Phoenix Motor Completes Acquisition of Proterra’s Battery Lease Portfolio

Phoenix Motor Inc., an electrification solutions provider for medium-duty vehicles, has completed the $6.5 million acquisition of the Battery Lease portfolio from Proterra Inc. and Proterra Operating Company Inc., an innovator in commercial vehicle electrification technology. In January 2024, Phoenix received the requisite approval from the U.S. bankruptcy court. This transformative acquisition added heavy-duty transit […]

The post Phoenix Motor Completes Acquisition of Proterra’s Battery Lease Portfolio appeared first on NGT News.

This post appeared first on NGT News.

Share This Post