- Proterra Inc PTRA has signed a multi-year supply agreement to deploy its battery technology in The Shyft Group Inc's 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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