Last week, Proterra Inc. a large manufacturer of electric mass transit buses, filed for chapter 11 bankruptcy protections. Proterra likely isn’t going anywhere. The bankruptcy filing will allow Proterra to restructure, potentially selling some of its ventures. If Proterra ceases further operations (which again is unlikely), other transit bus OEMs will remain in U.S. markets, including New Flyer and Gillig. Here’s everything you need to know.
Have more mobility news that we should be reading and sharing? Let us know! Reach out to Sage Kashner (kashner@ctaa.org).
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