Bus

Proterra receives $20M from cleantech investor

Posted on June 9, 2010

On Wednesday, Proterra Inc, a provider of clean commercial transit solutions including zero emission city buses, announced $20 million in funding from cleantech investor, MK Energy and Infrastructure LLC (MK E+I). The money will fund Proterra’s efforts to provide cleaner and more economical public transportation options to transit agencies in the U.S. and internationally.

 

MK E+I’s investment will accelerate the construction of Proterra’s first full-scale manufacturing plant in Greenville, S.C., which will break ground later this year and have capacity to make 2,500 EcoRide BE-35 buses annually and employ 1,300 workers over the next five years. Funds will also be used to advance Proterra’s clean technology research and to promote policies in support of clean commuting.

 

At the Greenville plant, Proterra will manufacture its transit bus, the EcoRide BE-35, a patented, zero emission, fast-charge, battery-electric transit bus that replaces traditional diesel buses. The EcoRide BE-35 achieves 500 percent greater fuel efficiency than conventional diesel buses and more than 400 percent greater efficiency than the most advanced hybrid transit buses traveling the roads today, according to the Federal Transit Administration sponsored Altoona, Penn. Bus Testing Center.

View comments or post a comment on this story. (0 Comments)

More News

S.F. exercises option for 167 more New Flyer Xcelsior buses

Valued at nearly $153 million, it includes orders for 98 40-foot diesel-electric hybrid buses and 69 (138 EU) 60-foot diesel-electric hybrid buses.

Fla.'s JTA launches First Coast Flyer Blue Line BRT service

The 11.1 mile Blue Line on the Southeast Corridor features direct, high-frequency service; seven branded stations; transit signal priority at 18 intersections; and off-board fare collection.

BusCon opens 2017 Call for Papers

The deadline to submit your presentation idea is Jan. 20, 2017.

Man steals MTA bus from Staten Island depot again

The Staten Island resident took the bus on a nearly four-mile joyride, before abandoning it on a corner. It was unclear if he picked up or dropped off any passengers during his route.

TAPTCO, MSTCO create course to help drivers pass CDL test

The course is available in hard copy containing seven interactive CDs together with a trainer’s guide, a driver’s study guide, and a book of practice tests. Alternately, the course is available over the web through a learning management system, so that applicants can go through the training and practice tests from any location.

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The number 1 resource for vocational truck fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation

Please sign in or register to .    Close