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Phoenix Motor Inc. launches PhoenixEV brand following Proterra acquisition

TAKEN PRIVATEJun 27, 2024

Acquiring Company

PHOENIX MOTOR

Acquired Company

Proterra

AnaheimBurlingameManufacturingAutomotiveMotor Vehicle ManufacturingOtherManufacturing

Description

Phoenix Motor Inc. has initiated the integration of the Proterra transit bus division into its existing business, leading to the launch of a new encompassing brand called PhoenixEV. This strategic move aims to combine the expertise and innovation of both companies, allowing PhoenixEV to expand its customer base and offer comprehensive zero-emission solutions.

Quick answer

PHOENIX MOTOR is acquiring Proterra, announced June 27, 2024. PHOENIX MOTOR is based in Anaheim, California, United States.

How much did PHOENIX MOTOR pay for Proterra?
The deal value was not disclosed.
What does PHOENIX MOTOR do?
Phoenix Cars LLC., d.b.a.
Where are PHOENIX MOTOR and Proterra based?
PHOENIX MOTOR is based in Anaheim, California, United States. Proterra is based in Burlingame, California, United States.
Who are the decision-makers at PHOENIX MOTOR?
Fundz holds 1 contact at PHOENIX MOTOR. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

PHOENIX MOTOR

Location

1500 LAKEVIEW LOOP

Anaheim, California, United States

About

Phoenix Cars LLC., d.b.a. Phoenix Motorcars is a leading developer of zero emission, all-electric vehicles (EV), focused on the deployment of light and medium duty EV's into the fleet and transit markets. The Company was founded in 2003 and became a wholly-owned subsidiary of Al Yousuf LLC in 2009. Phoenix launched its third product in 2013, based on the versatile Ford E350/450 Series, an all electric 14 passenger shuttle bus with 100 mile range per charge.

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Frequently asked

Who acquired Proterra?

Proterra was acquired by PHOENIX MOTOR, based in Anaheim. The deal was reported on June 27, 2024. Phoenix Cars LLC., d.b.a. Phoenix Motorcars is a leading developer of zero emission, all-electric vehicles (EV), focused on the deployment of light and medium duty EV's into the fleet and transit markets. PHOENIX MOTOR is privately held and operates in Manufacturing.

When did PHOENIX MOTOR acquire Proterra?

PHOENIX MOTOR's acquisition of Proterra was reported on June 27, 2024. Phoenix Motor Inc. has initiated the integration of the Proterra transit bus division into its existing business, leading to the launch of a new encompassing brand called PhoenixEV. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Proterra do?

Proterra battery technology is already powering commercial vehicles and equipment from world-class manufacturers, helping operators reduce emissions while lowering operating costs. It is privately held, operating in Other, and is based in Burlingame.

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