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Proterra debtor reports $9.26 million loss from operations
By Sarah Lizee
Olympia, Wash., Sept. 22 – Proterra Inc. debtor Proterra Operating Co., Inc. reported a $9.26 million loss from operations on $21.4 million of total net revenue for August, according to a monthly operating report filed Thursday with the U.S. Bankruptcy Court for the District of Delaware.
The net gain for the period was $70.63 million.
The debtor listed $34.23 million in cash and cash equivalents at the end of August.
Burlingame, Calif.-based Proterra designs and manufactures zero-emission electric transit vehicles and EV technology solutions for commercial applications. The company filed bankruptcy on Aug. 7 under Chapter 11 case number 23-11120.
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