Proterra Inc: management transactions · United States · SEC (Form 4)

About Proterra Inc

Proterra Inc. was a U.S.-based company focused on commercial vehicle electrification and was historically listed on the NASDAQ under the ticker PTRA before its restructuring. For investors in French-speaking Europe, the key point is that Proterra is no longer a conventional growth equity story: the company entered Chapter 11 bankruptcy proceedings in the United States in August 2023, and its reorganization plan was confirmed in March 2024. SEC filings describe Proterra as an innovator in zero-emission commercial vehicle technology, but its business perimeter changed materially following asset sales. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1820630/000095014224000595/eh240452495_s8pos1-827.htm?utm_source=openai)) Founded in 2010, Proterra initially built a strong reputation in electric transit buses, while also developing batteries and charging solutions for fleet customers. The company was headquartered in Burlingame, California, with manufacturing and product development operations in California and South Carolina, including Greenville and Greer. Its business model was built around an integrated platform: electric transit vehicles, battery systems for third-party OEMs, and charging/energy-management infrastructure for fleet operators. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1820630/000162828023008519/ptra-20221231.htm?utm_source=openai)) From a competitive standpoint, Proterra targeted demanding end markets where reliability, range, and manufacturing scale matter most: public transit agencies, airports, universities, shuttle operators, and commercial vehicle OEMs. Its strategy depended on relationships with fleet customers and vehicle partners, as well as on U.S.-based manufacturing capabilities. The company emphasized batteries designed and manufactured in America and highlighted experience in heavy-duty electric applications, especially transit buses and commercial electrification solutions. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1820630/000162828021020108/proterraannounceschrisbail.htm?utm_source=openai)) Recent developments have been dominated by the restructuring process. In 2023-2024, Proterra announced manufacturing consolidation, then the sale of its Proterra Transit business to Phoenix Motor, which was approved by the U.S. bankruptcy court and completed in January 2024. SEC disclosures also stated that common shareholders were not expected to receive any recovery under the confirmed plan. In practical terms, this means PTRA should be viewed as a special-situation / restructuring case rather than as a stable operating issuer on the NYSE or NASDAQ. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1820630/000095014224000090/eh240437647_ex9901.htm?utm_source=openai)) For analysts, the main investment takeaway is the case-study value of Proterra’s trajectory: a technologically ambitious U.S. electrification platform that struggled to convert product leadership into sustainable economics in a capital-intensive transportation market. The company’s history is relevant, but the equity outcome is primarily shaped by bankruptcy, asset monetization, and reorganization rather than ongoing operating growth.