Posts Tagged: Proterra

Two more California cities order Proterra electric buses

More California cities are electrifying their transit fleets. Stockton and Porterville recently placed orders with Proterra for two of its new Catalyst battery-electric buses, with funding from the San Joaquin Valley Unified Air Pollution Control District. Electric bus-maker Proterra says its Catalyst is the most efficient 40-foot transit bus on the market – at 22… Read more »

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 »

California Energy Commission awards $9 million in grants for commercial EV manufacturing

The California Energy Commission has awarded nearly $9 million in grants to three companies to encourage the manufacturing of heavy-duty EVs and components in the state. Proterra received a $3 million grant to develop a manufacturing line for battery-electric transit buses in the City of Industry in the San Gabriel Valley. The location is in… 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 »

Foothill Transit inaugurates fully electric bus line

As cities around the world test electric buses, Foothill Transit – a public transportation provider in Los Angeles County, California – will start regular service on a fully electric bus line this week. Four years ago, Foothill Transit became the first public transit agency to put fast-charging electric buses into service.  It now has a… Read more »

Electric buses begin to take over the public transit world

The humble city bus is quietly (also smoothly and emissions-free) going electric. In the past couple of months alone, Chicago, Washington DC, Portland, Oregon and London have begun trials of battery-electric buses, and the Chinese city of Hangzhou has placed an order for 2,000. China’s BYD is building buses in California and planning a factory… Read more »