Search Results Found For: "Proterra"

Proterra CEO on the economics of the electric bus business

Venture capitalists assume a large amount of risk when they invest in early-stage companies. They do so because of the potential for huge returns. To ensure that a portfolio of investments delivers the greatest return with the least risk, VCs spend a considerable amount of time evaluating companies, looking for the key ingredients of success…. Read more »

Proterra raises $55 million in strategic financing

Electric bus builder Proterra has announced the completion of strategic financing intended to fund the company’s business plan to achieve positive cash flow, as production scales up to meet growing demand. The new capital will be used to fully fund Proterra’s new Advanced Manufacturing facility in California. Proterra has closed a $30-million Series 4 equity round… Read more »

Proterra’s electric buses approach $1 billion in total pipeline sales opportunities

Will the transit vehicle market be the first to completely eliminate petroleum use? Proterra thinks so. During a recent interview for the latest issue of Charged, CEO Ryan Popple told us that the company is currently in contention for roughly 20% of the potential transit vehicle orders in the US over the next couple years,… Read more »

Proterra wins $3 million grant for California electric bus manufacturing line

The California Energy Commission has awarded a $3 million grant to Proterra to fund the design, development and construction of a new electric bus manufacturing line. The project will also receive $5.4 million in private investment. The proposed facility, to be located in the San Gabriel Valley, is expected to be operational by the fourth… Read more »

Proterra’s new TerraVolt XR battery enables ranges of up to 180 miles

City bus systems around the world are going electric, and South Carolina-based manufacturer Proterra is at the forefront of this silent revolution. The company’s latest product is the TerraVolt XR extended-range battery, which allows Proterra buses to be configured with ranges of up to 180 miles. The combination of Proterra’s TerraFlex energy system and Catalyst… Read more »

$30 million in Federal grants to pay for Proterra electric buses

The Federal Transit Administration FTA recently distributed $55 million in grants to 10 transit agencies as part of a program to deploy US-made electric transit buses. More than half of that money will be going to South Carolina-based Proterra, the Greenville News reported. Six transit agencies in five states will buy a total of 28… Read more »

Proterra to use Toshiba SCiB batteries in its next-generation electric bus

Proterra has selected Toshiba as the battery supplier for its next-generation electric bus. Toshiba’s SCiB batteries feature a lithium titanate oxide chemistry, making them resistant to thermal runaway and lithium metal plating. The 20 Ah prismatic cells have nominal voltage of 2.3 V, gravimetric energy density of 90 Wh/kg and volumetric density of 177 Wh/L…. Read more »

Proterra demos electric bus as replacement for Washington DC Circulator fleet

The Washington DC Circulator bus service will soon be replacing its fleet of 49 diesel buses, which dates from 2003, and local transit authorities are organizing one-day showcases so that decision-makers and riders can check out new bus models that will be vying for the contract. South Carolina-based Proterra brought its 40-foot, 77-passenger electric bus… Read more »

Proterra announces first sale of its second-generation electric bus

Proterra has announced the first sale of its second-generation battery-electric bus to Foothill Transit of West Covina, California. Foothill Transit, which became Proterra’s first customer in 2010, has agreed to purchase two more buses from the company, to be delivered in December. The new model has a 220 kW peak permanent magnet motor, a Proterra… Read more »

Electric bus maker Proterra raises $40 million in additional funding

Electric bus manufacturer Proterra has raised more than $30 million in additional funding, and expects to close on another $10 million within the coming weeks. Kleiner Perkins and GM Ventures led the financing, with another ten or so venture capital firms participating. Proterra electric vehicles have logged over 400,000 zero-emission miles in 11 US cities…. Read more »