Share:
Two electric bus companies that are merging with SPACs landed new deals with school districts this week.
Proterra Lands Large Order: Montgomery County in Maryland placed one of the largest electric bus orders ever seen in the U.S. market.
The county, which is near Washington, D.C., covers 200 schools. The school district will switch its entire public school bus to electric school buses in a transition away from diesel-powered school buses, according to Electrek.
The plan to replace 1,400 school buses is estimated to take 12 years.
The buses will be manufactured by Thomas Built, a
Daimler AG (Pink: DDAIF) unit.
Arclight Clean Transition Corp (NASDAQ:ACTC) stock price is up 10% during pre-market on Wednesday, following the biggest E-school bus deal in U.S.
The Board of Education in Maryland’s Montgomery County voted unanimously on Tuesday evening to approve a 16-year, $169 million contract to lease 326 buses, part of a plan that could result in the county replacing its entire 1,422-bus fleet over the next 20 years.
The vehicles will be built by Thomas Built Buses Inc. and Proterra. Proterra is an electric vehicle (EV) company with a focus on buses. Proterra announced on Jan. 12 a plan to go public with the help of Boston-based ArcLight Clean Transition Corp.,a special purpose acquisition company (SPAC).
[Charts] An E-Comm Explosion And A Budding IPO Opportunity
Dear
Trend Trader Daily Nation, I do my best to
shut up, so I can just
put up a few meaningful charts.
Or as my ex-wife used to implore me, “Talk less, show more, Lou!” (Yes, dear.)
So today, you can thank her for some brief but insightful charts on the biggest internet boom unfolding right now.
And after that, I’ll share my strategy to profit from an exciting new corner of the IPO market…
Shop (Online) Until You Drop
Repetition fosters recognition… and trend traders can turn that recognition into profits.
Commercial electric vehicle startup Volta Trucks said on Wednesday it has picked U.S. electric bus maker Proterra to provide batteries for its fully-electric trucks designed for urban freight distribution that will go into production in 2022.