(Reuters) -Electric vehicle company Proterra has filed for Chapter 11 bankruptcy protection in the United States, according to a court filing on Monday.
The company listed its assets and liabilities in the range of $500 million to $1 billion.
“We have faced various market and macroeconomic headwinds, that have impacted our ability to efficiently scale,” CEO Gareth Joyce said in a statement.
Shares of the company fell 9% in extended trading on the news.
(Reporting by Manya Saini in Bengaluru; Editing by Anil D’Silva)
