Proterra Signs Fleet Electrification Project For Miami-Dade County

Proterra Inc (NASDAQ:PTRA) has announced a fleet electrification project along with Miami-Dade County.
The county will acquire 42 Proterra ZX5+ electric transit buses, featuring a total of 19 megawatt-hours of battery storage capacity.
The county will also install 75 Proterra chargers across three bus depots.
The first electric buses are slated to be delivered in 2022.
“We are delighted to build on our partnership together and drive the county’s switch to zero-emission, electric transportation with our EV technology,” said Jack Allen, Proterra Chief Executive Officer.
Price action: PTRA shares are trading higher by 6.30% at $17.22 on the last check Tuesday.