[ Proterra raises $55M in Series F ]

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.

Funding  Series F
Founded  2004
Country  USA
City  Burlingame, California
Founder / CEO  Ryan Popple
Deal Size  $55M
Investors  Generation Investment  Management
 BMW i Ventures
Previous Investors  88 Green Ventures
 Constellation Technology Ventures
 Constellation Ventures
 Edison Energy
 General Motors Ventures
 Global Investment Partners
 GM ventures
 Hennessey Capital
 Hercules Capital, Inc.
 Kleiner Perkins Caufield & Byers
 Mitsui Global Investment
 MK Energy and Infrastructure
 Obvious Ventures
 SC Launch
 Silicon Valley Bank
 Tao Capital Partners
 TAO Investments
 Upstate Carolina Angel Network
 Vision Ridge Capital Partners
 VentureSouth