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Proterra Set To Take Heavy-duty Electric Vehicle Business Public Via Spac Transaction | Greentech Media
Posted on: Jan. 12, 2021, 2:31 p.m.
Proterra, builder of electric buses, heavy-duty vehicle drivetrains, batteries and charging systems, plans to go public on the Nasdaq exchange via a merger with a special-purpose acquisition company (SPAC), the latest in a string of EV companies seeking access to public market financing to meet growing demand. Tuesday’s announcement sets the Burlingame, Calif.-based company on a course to merge with ArcLight Clean Transition Corp., with $415 million in private investment in public equity commitments led by Daimler Trucks, as well ... Full investment news articleRelevent to this post: Chicago Housing Authority Public School and Education Employee Retirement Systems of Missouri,