Posts Tagged: Proterra

Up to $55 million in funding available for Low or No Emission transit vehicles

The Federal Transit Administration (FTA) has announced the availability of $55 million in funding (FTA-2016-003-TPM) under the Low or No Emission (Low-No) Program. The purpose of the Low-No Program is to encourage transit operators to convert their fleets to the most energy-efficient vehicles. It provides funding to state and local governmental authorities for the purchase… Read more »

University of Montana orders Proterra electric buses

Proterra’s zero-emission battery-electric buses are serving in city transit systems around North America, and the company is now setting its sights on the university market (read our interview with CEO Ryan Popple in the May/June 2015 issue of Charged).. The Associated Students of the University of Montana (ASUM) Transportation, one of a handful of student-led… Read more »

Proterra electric buses to add Mobileye collision avoidance system

Mobileye Aftermarket has announced that electric bus maker Proterra will offer factory installation of Mobileye’s collision avoidance solution in its 2016 models. According to NHTSA, 93% of accidents are due to human error. The Mobileye Aftermarket system is designed to give a distracted driver the opportunity to avoid a collision or mitigate its severity. The… Read more »

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 »