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Proterra Partners With Penske, ROUSH CleanTech For F-650 Electric Commercial Trucks

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  • Proterra Inc (NASDAQ: PTRA) is collaborating with ROUSH CleanTech and Penske Truck Leasing. It will supply battery technology to ROUSH CleanTech to develop Ford Motor Co's (NYSE: F) F-650 all-electric commercial truck.

  • ROUSH CleanTech will deliver its first Proterra-powered vehicles to Penske Truck Leasing in 2023.

  • The three companies will partner on fleet electrification strategies, including charging, to support end-user customers.

  • "The goal of the ROUSH CleanTech, Proterra, and Penske collaboration is to remove any and all barriers to help fleets transition to a cleaner future," said Todd Mouw, president of ROUSH CleanTech.

  • ROUSH CleanTech F-650 Class 6 commercial vehicle will support various end-user applications, including box trucks, airport GSE, utility trucks, and shuttle buses.

  • Price action: PTRA shares are trading higher by 2.06% at $11.645 on the last check Tuesday.

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