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Benzinga
Benzinga
Business
Shivani Kumaresan

Proterra Inks Battery Supply Agreement With The Shyft Group

Nasdaq
  • Proterra Inc (NASDAQ:PTRA) has signed a multi-year supply agreement to deploy its battery technology in The Shyft Group Inc's (NASDAQ:SHYF) Blue Arc electric delivery van and EV chassis.
  • Proterra Powered H-Series battery system will provide the Blue Arc electric delivery van with an approximate range of 150 to 175 miles on a single charge.
  • The Blue Arc delivery van is a 100% battery-electric Class-3 commercial delivery vehicle designed for high-frequency, last-mile delivery fleets.
  • Production of the first Blue Arc delivery vans is expected to begin by mid-2023.
  • Price Action: PTRA shares are trading higher by 2.85% at $7.59, and SHYF traded higher by 1.02% at $41.07 on the last check Tuesday.
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