#PhoenixMotor is now the official owner of #bankrupt #Proterra Transit
Heavy-duty #electricbus maker #ProterraTransit just rose from the ashes because Phoenix Motor officially acquired it from bankrupt Proterra Inc
Phoenix Motor received approval from the US bankruptcy court to close the deal. This means that Proterra Transit’s heavy-duty electric transit buses will now be added to Phoenix’s product line of medium-duty electric #buses.
https://electrek.co/2024/01/12/phoenix-motor-is-now-the-official-owner-of-bankrupt-proterra-transit/ #EV #electricvehicle