electric commercial vehicles

Bus and battery maker Proterra exits SPAC with $640M payout

Electric bus and battery maker Proterra Inc. begins its life as a publicly traded company Wednesday, ringing the bell on the Nasdaq as it collects a $640 million payout from its special purpose acquisition company (SPAC) sponsor.

But Proterra CEO Jack Allen said more than money was involved with Proterra’s choice to take the shortest route to the market where it will trade under the Nasdaq ticker symbol PTRA.

Regardless of the method, Proterra was ready to go public, Allen said.

“We just felt like...

https://www.freightwaves.com/news/bus-and-battery-maker-proterra-exits-spac-with-640m-payout

Ford takes the wraps off electric Transit

Ford unveils E-Transit electric van

Ford Motor Co. (NYSE: F) formally introduced its electric Transit van Wednesday morning through a virtual global unveiling.

The E-Transit, which will debut as a 2022 model-year vehicle, offers users, including last-mile delivery operations and contractors, an electric vehicle van option. And at a $45,000 starting price, the van is priced at just a small premium over a gasoline Transit model.

“Ford is North America and Europe’s commercial truck and van leader, so the transition of fleet vehicles...

https://www.freightwaves.com/news/ford-takes-the-wraps-off-electric-transit

Career Tracks: Former Mack president joins startup TrovaCV

Denny Slagle, who retired as executive vice president of Volvo Group and president of Mack Trucks in 2018, has joined electric vehicle startup Trova Commercial Vehicles as senior adviser.

TrovaCV was launched this summer to provide commercial vehicle manufacturers with customized engineering, design and manufacturing expertise while at the same time developing its own electric vehicle from the ground up.

Denny Slagle joins TrovaCV as senior adviser.

TrovaCV founder and CEO Patrick Collignon,...

https://s29755.pcdn.co/news/career-tracks-former-mack-president-joins-startup-trovacv