The bankruptcies of Proterra and Volta Trucks highlighted the obstacles encountered by electric vehicle manufacturers still in their infancy. Nevertheless, despite these setbacks, continued interest and investment in the industry, as evidenced by acquisitions, demonstrates a promising electric future. How these events unfolded, starting with Proterra: On August 7, 2023, Proterra, an American manufacturer with … Continue reading Proterra bankruptcy drags down Volta but both companies live on under new ownership
Tag: bus
Transitioning to electric transport solutions has its obvious benefits, ranging from reduced environmental impacts to lower operating costs. However, it is not an easy leap to make. The operator of an urban bus network converting to zero-emissions technology, for example, would have to consider factors such as vehicle acquisition and suitability, charging infrastructure, power supply, … Continue reading Electric bus uptake bolstered by turnkey electrification, lofty goals, fresh funding
Adelaide Airport has announced plans for an all-electric bus fleet, which may be introduced as early as 2021. The new buses will be used for both the land- and air-side sections of the airport and will help it meet its sustainability targets. If everything goes to plan, Adelaide Airport could also be the first airport … Continue reading Electric buses for Adelaide airport
French automotive parts supplier Valeo has forged a deal with private equity firm Deutsche Beteiligungs to acquire global air-conditioning systems specialist Spheros. According to Valeo, the acquisition – the cost of which was not disclosed – will enable the company to capitalise on an anticipated annual growth rate of more than five per cent in … Continue reading Valeo to acquire bus HVAC maker