Proterra debtor reports $81.36 million net loss for January

By Sarah Lizee

Olympia, Wash., Feb. 22 – Proterra Inc. debtor Proterra Operating Co., Inc. reported an $81.36 million net loss for January on $8.53 million gross income/sales, according to its monthly operating report filed Wednesday with the U.S. Bankruptcy Court for the District of Delaware.

The debtor had a cash balance of $91.33 million at the end of January.

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, 2023 under Chapter 11 case number 23-11120.

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