- June 16, 2017
- Posted by:
- Category: FundingSMEs.com
Proterra has raised $55 million in Series F funding.
Founded in 2004, Proterra is a leader in the design and manufacture of zero-emission heavy-duty vehicles, enabling bus fleet operators to significantly reduce operating costs while delivering clean, quiet transportation to local communities across the United States. With more than 400 vehicles sold to 39 different municipal, university, and commercial transit agencies in 20 states, Proterra is committed to providing state of the art, high performance vehicles to meet today’s growing market demand.
The company will use the new funds to increase production at its manufacturing facilities in South Carolina and Los Angeles, while also bolstering research and development efforts at the company’s headquarters in Silicon Valley.
|Founder / CEO||Ryan Popple|
|Investors||Generation Investment Management|
|BMW i Ventures|
|Previous Investors||88 Green Ventures|
|Constellation Technology Ventures|
|General Motors Ventures|
|Global Investment Partners|
|Hercules Capital, Inc.|
|Kleiner Perkins Caufield & Byers|
|Mitsui Global Investment|
|MK Energy and Infrastructure|
|Silicon Valley Bank|
|Tao Capital Partners|
|Upstate Carolina Angel Network|
|Vision Ridge Capital Partners|