Pace purchases 20 Proterra ZX5 electric buses and EV fleet charging infrastructure
April 05 2022 - 8:00AM
Proterra Inc (NASDAQ: PTRA), a leading innovator in commercial
vehicle electrification technology, and Pace Suburban Bus today
announced a landmark fleet electrification project with the agency
awarding a $26.5 million dollar contract to Proterra to acquire 20
Proterra ZX5 Max electric transit buses, featuring more than 13
megawatt hours of battery storage energy, and two Proterra
megawatt-scale fleet chargers. The procurement represents Pace’s
first order of battery-electric buses as the agency seeks to
transition to a zero-emission fleet by 2040. The first Proterra
electric buses are slated to be delivered to Pace in 2023.
Pace is the transportation backbone of Chicago's suburbs and one
of the largest public bus service operators in North America,
serving an area nearly the size of the state of Connecticut -
further demonstrating Proterra’s industry-leading vehicle range to
meet the needs of transit agency fleets.
“Proterra is delighted to be Pace’s partner to bring our
industry-leading fleet electrification solutions to the Chicagoland
area. With our purpose-built vehicle platform and best in class
range, we are excited to help drive the region’s switch to
zero-emission, electric transportation,” said John Walsh,
Proterra’s Chief Commercial Officer.
“As transit agencies across the country begin to purchase
electric buses, we are excited to be able to get our first order
for electric buses in the queue. This puts us ahead of our
anticipated schedule and will allow us to get electric buses on the
road even sooner,” said Pace Executive Director Melinda J.
Metzger.
Pace’s transition to a zero-emission fleet is a key initiative
of their new strategic vision plan, Driving Innovation. While Pace
by its very nature as a transit agency helps reduce
transportation-related emissions by taking cars off the road, Pace
is committed to moving away from fossil fuels and do its part to
address the climate crisis in a fiscally responsible, taxpayer
friendly way.
Designed and manufactured in the United States, Proterra’s
electric transit buses are equipped with the company’s
industry-leading battery technology systems. The 40-foot Proterra
ZX5 Max selected by Pace features 675 kilowatt hours (kWh) of
energy storage, the most onboard energy storage available in an
electric transit bus on the road in North America today.
With more than 800 vehicles on the road today, Proterra battery
systems have been proven over 25 million service miles driven and
selected by world-class commercial vehicle manufacturers to
electrify delivery vehicles, construction equipment, school buses,
coach buses, and more. Proterra Transit battery-electric buses
feature zero tailpipe emissions, saving approximately 230,000
pounds of greenhouse gases annually when replacing a diesel bus.
The company’s fleet of zero-emission, electric transit buses have
displaced over 140 million pounds of CO2 tailpipe emissions.
In addition to the Company’s Proterra Transit and Proterra
Powered business units, Proterra Energy offers a turn-key approach
to delivering the complete energy ecosystem for heavy-duty electric
fleets through charging infrastructure design, build, financing,
operations, maintenance and energy optimization
About ProterraProterra is a leader in the
design and manufacture of zero-emission electric transit vehicles
and EV technology solutions for commercial applications. With
industry-leading durability and energy efficiency based on rigorous
U.S. independent testing, Proterra products are proudly designed,
engineered, and manufactured in America, with offices in Silicon
Valley, South Carolina, and Los Angeles. For more information,
please visit www.proterra.com.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/0e209d71-4afd-47a4-a336-69d774e2a4dc
Media Contact
Proterra Corporate Communications
PR@proterra.com
Investor Contact
Proterra Investor Relations
IR@proterra.com
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