Proterra Inc., which makes heavy-duty electric transit buses, drivetrains, batteries and charging systems, will go public in a reverse merger with special purpose acquisition company (SPAC) ArcLight Clean Transportation Corp. (NASDAQ: ACTC)
Daimler Trucks, already a Proterra investor and technology partner, is among the financial backers of the deal that will bring $648 million in cash to Proterra when the business combination is completed.
ArcLight is a so-called blank check company created...
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