Proterra

company

About

Proterra develops battery-electric buses that help eliminate fossil fuel dependency and reduce costs.

  • 501 - 1000

Details

Last Funding Type
Series D
Last Funding Money Raised
$55M
Industries
Automotive,Battery,Energy Storage,Manufacturing
Founded date
Jan 1, 2004
Number Of Employee
501 - 1000
Operating Status
Active

Proterra designs and manufactures zero-emission, heavy-duty electric vehicles, enabling bus fleet operators to significantly reduce operating costs while delivering clean, quiet transportation to local communities across North America. The company’s configurable Catalyst platform is designed to serve the daily mileage needs of a wide range of transit routes on a single charge. With industry-leading durability and energy efficiency based on rigorous U.S. independent testing, Proterra products are proudly designed, engineered, and manufactured in America, with offices in Silicon Valley, South Carolina, and Los Angeles.

Proterra's revolutionary battery-electric transit vehicles help fleet operators abandon fossil fuels, improve environmental quality, and reduce operating costs. Together with their customers, they have prevented more than 55 million pounds of greenhouse gases from escaping into the atmosphere and avoided burning some 2 million gallons of fuel.

The company was established in 2004 and is based in Burlingame, California, USA.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
8
$409.11M
Proterra has raised a total of $409.11M in funding over 2 rounds. Their latest funding was raised on Oct 1, 2019 from a Series H round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Oct 1, 2019 Series H $86.90M 1 Detail
Sep 19, 2018 Series G $155M 1 Mercedes-Benz Group AG Detail
Jan 3, 2017 Series E 1 Detail
Jun 30, 2015 Series D $55M 1 Detail
Jun 30, 2015 Debt Financing $25M 1 Hercules Capital Detail

Investments

Number of Investments
Number of Lead Investments
1
0
Proterra has made 1 investments. Their most recent investment was on Sep 16, 2021, when Volta Trucks raised €37M.
Date Company Name
Round Money Raised Industry Lead Investor
Sep 16, 2021 Volta Trucks
Series B €37M Automotive

Investors

Number of Lead Investors
Number of Investors
3
5
Proterra is funded by 5 investors. Mercedes-Benz Group AG and 88 Green Ventures are the most recent investors.
Investor Name Lead Investor Funding Round
Mercedes-Benz Group AG Series H
88 Green Ventures Series E
Hercules Capital Series D
Hennessey Capital Series C
Toyota Ventures Series A