Mitsui, Edison Energy, BMW, Daimler, General Motors and Exelon-backed electric bus manufacturer Proterra achieved a $1.6bn enterprise value in the deal.
Proterra, the US-based electric bus producer backed by corporates BMW, Daimler, General Motors, Mitsui, Edison Energy and Exelon, agreed a reverse merger with special purpose acquisition company ArcLight Clean Transition Corp yesterday. The transaction gives Proterra a $1.6bn enterprise valuation and will be boosted by $415m in private investment in public equity (PIPE) financing anchored…
This content is only accessible to subscribers. If you are a subscriber, please sign in. Otherwise, if you would like to try before you buy and haven't previously taken out a free trial, you can do so below. You can also see details on subscriptions by clicking the Subscription Options button.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.