BURLINGAME, Calif.,
April 13, 2021 /PRNewswire/ --
Proterra Inc ("Proterra"), a leading innovator in commercial
vehicle electrification technology, today announced that it has
been selected by the Washington
State Department of Enterprise Services as a vendor to
supply zero-emission battery-electric transit buses and charging
infrastructure under the state's regional Cooperative Purchasing
Contract.
Proterra was chosen to help streamline local transit agencies'
access to vehicles that best meet their specific transit system
needs. Transit agencies, universities, and other commercial
operators can now purchase Proterra battery-electric buses as well
as Proterra charging infrastructure through the Washington State Cooperating Purchasing
program's pre-established contract.
"Proterra is proud to support more than 130 customers across
North America including transit
agencies, airports, universities, and commercial operators that are
delivering an essential service to riders. We look forward to
helping even more customers throughout the country accelerate the
switch to 100% clean transportation for all," said John Walsh, Proterra Senior Vice President.
Proterra battery-electric buses feature zero tailpipe emissions,
saving approximately 230,000 pounds of greenhouse gases annually
when replacing diesel buses. The purpose-built electric buses
further offer a quieter ride for reduced noise pollution, greater
efficiency, and lower operating costs than combustion engine
vehicles.
In 2020, Proterra introduced its fifth-generation
battery-electric transit vehicle, the Proterra ZX5. The
Proterra ZX5 electric transit bus features a new streamlined
vehicle design and maximizes the amount of energy that can be
stored on board the vehicle to increase power and range. The
40-foot Proterra ZX5 can be equipped with 675 kWh of energy storage
to deliver up to 329 miles of drive range, which represents the
most energy storage and longest drive range of any 40-foot electric
bus available in the market today. The Proterra ZX5 is
available to customers today as a 35-foot and 40-foot bus and in
models featuring 450 kWh and 225 kWh of energy storage
capacity.
In addition to its transit products, Proterra Energy fleet
solutions offers a turn-key approach to delivering the complete
energy ecosystem for heavy-duty electric fleets, including charging
infrastructure design, build, financing, operations, maintenance
and energy optimization.
About Proterra
Proterra is a leader in the design and
manufacture of zero-emission electric transit vehicles and EV
technology solutions for commercial applications. With
industry-leading durability and energy efficiency based on rigorous
U.S. independent testing, Proterra products are proudly designed,
engineered and manufactured in America, with offices in Silicon
Valley, South Carolina, and
Los Angeles. For more information,
visit: http://www.proterra.com and follow us on Twitter
@Proterra_Inc.
Proterra recently entered into a merger agreement with ArcLight
Clean Transition Corp. (Nasdaq: ACTCU, ACTC and ACTW), a special
purpose acquisition company. For more information, see
https://arclightclean.com/.
Business Combination
On January 11, 2021, Proterra
entered into a merger agreement with ArcLight Clean Transition
Corp. (Nasdaq: ACTCU, ACTC and ACTW), a special purpose acquisition
company. ArcLight has filed with the SEC a Registration Statement
on Form S-4 (as amended, the "Registration Statement"),
which includes a preliminary proxy statement/prospectus of
ArcLight, in connection with the proposed merger transaction (the
"Business Combination") involving ArcLight and Proterra. After the
Registration Statement is declared effective, ArcLight will mail a
definitive proxy statement/prospectus and other relevant documents
to stockholders of ArcLight as of a record date to be established
for voting on the Business Combination. ArcLight's stockholders and
other interested persons are advised to read, the preliminary proxy
statement/prospectus, and amendments thereto, and, when available,
the definitive proxy statement/prospectus in connection with
ArcLight's solicitation of proxies for its stockholders' meeting to
be held to approve the Business Combination because the proxy
statement/prospectus will contain important information about
ArcLight, Proterra and the Business Combination. Stockholders will
also be able to obtain copies of the Registration Statement,
without charge, once available, at the SEC's website at
www.sec.gov. In addition, the documents filed by ArcLight may be
obtained free of charge from ArcLight at
https://www.arclightclean.com or by directing a request to:
ArcLight Clean Transition Corp., 200 Clarendon Street, 55th Floor,
Boston, MA 02116.
Participants in the Solicitation
ArcLight, Proterra and their respective directors, executive
officers, other members of management and employees, under SEC
rules, may be deemed to be participants in the solicitation of
proxies of ArcLight's shareholders in connection with the Business
Combination. Investors and security holders may obtain more
detailed information regarding the names and interests in the
Business Combination of ArcLight's directors and officers, and
Proterra's directors and executive officers, in ArcLight's filings
with the SEC, including the Registration Statement.
Disclaimer
This communication is for informational purposes only and is
neither an offer to purchase, nor a solicitation of an offer to
sell, subscribe for or buy, any securities or the solicitation of
any vote in any jurisdiction pursuant to the Business Combination
or otherwise, nor shall there be any sale, issuance or transfer or
securities in any jurisdiction in contravention of applicable law.
No offer of securities shall be made except by means of a
prospectus meeting the requirements of Section 10 of the Securities
Act.
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SOURCE Proterra