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Benzinga

Business

Shivani Kumaresan

Proterra Wins $26.5M Transit Bus Order From Pace Suburban Bus

Proterra PACE (Organization) Nasdaq North America

Pace Suburban Bus has awarded Proterra Inc (NASDAQ:PTRA) a $26.5 million contract to acquire 20 Proterra ZX5 Max electric transit buses. Pace is a public bus service operator in North America.
The 40-foot Proterra ZX5 Max features 675-kilowatt hours (kWh) of energy storage. The contract also includes two Proterra megawatt-scale fleet chargers.
The procurement is Pace's first order of battery-electric buses as the agency seeks to transition to a zero-emission fleet by 2040.
The company expects to deliver the first Proterra electric buses to Pace in 2023.
Price Action: PTRA shares are trading lower by 4.24% at $7.46 on the last check Tuesday.

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