# Volvo Group to acquire Proterra Powered business for $210 million

Volvo Group has been selected as the winning bidder for Proterra's Powered business unit, including a development centre in California and an assembly factory in South Carolina, for $210 million. The acquisition aims to accelerate Volvo's battery-electric roadmap.

- Type: Acquisition
- Announced: 2023-11-10
- Where: California; South Carolina, United States
- Value: $210.0M
- Status: announced
- Products: battery modules, battery packs, battery-electric systems
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Volvo](https://endata.com/companies/9342.md) (acquirer)
- [Proterra](https://endata.com/companies/27983.md) (target)

## Sources

- [im-mining.com](https://im-mining.com/2023/11/10/volvos-battery-electric-roadmap-could-benefit-from-proterra-acquisition/), 2023-11-10: "Volvo Group has been selected as the winning bidder in an auction for Proterra Inc and Proterra Operating Company Inc."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.