Proterra debtor reports $10.32 million December loss from operations

By Sarah Lizee

Olympia, Wash., Jan. 23 – Proterra Inc. debtor Proterra Operating Co., Inc. reported a $10.32 million loss from operations for December on $45.18 million total net revenue, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the District of Delaware.

The net loss for December was $24.31 million.

The debtor had cash and cash equivalents of $91.8 million at the end of December.

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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