Proterra receives final court approval to access cash collateral

By Sarah Lizee

Olympia, Wash., Oct. 17 – Proterra Inc. received final approval to access cash collateral, according to an order filed Monday with the U.S. Bankruptcy Court for the District of Delaware.

The company is authorized to use the cash collateral through April 1.

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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