Proterra Inc. and Proterra Operating Company Inc. are in a voluntary Chapter 11 bankruptcy process in the US. Volvo Group has been selected as the winning bidder in an auction for the business and assets of the Proterra Powered business unit at a purchase price of USD 210M.
They didn’t buy the Transit division, so that seems unlikely. Just the Powered division. Volvo actually stepped out of the bus market recently, they won’t be making their own buses anymore, but would still act as an OEM.