Phoenix Motor is now the official owner of bankrupt Proterra Transit
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. This means that Proterra Transit’s heavy-duty electric transit buses will now be added to Phoenix’s […]