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

New Flyer advances 2nd-year production of SEPTA diesel-electric hybrids

The buses will be deployed in the City of Philadelphia and surrounding suburbs of Delaware, Montgomery, Bucks, and Chester, supporting four million people living in and around southeastern Pennsylvania.

New Flyer now offering Allison's increased Accessory Power II tech

The option uses electrification to power accessory components for additional fuel economy.

NYCT to add 377 New Flyer Xcelsior buses

New buses will include enhanced safety and comfort, better driver visibility, pedestrian turn warning, Wi-Fi, and USB ports to improve the bus rider experience.

Electric buses, training key focuses for 2nd annual Transit Maintenance Forum

This year’s conference at Indianapolis’ Indiana Convention Center Sept. 11 to 13 with an expanded program that begins Monday afternoon with a training session each from Cummins and Allison Transmission officials.

New Flyer to offer fuel-saving Allison Transmission tech

Also announced that the Government of the District of Columbia is purchasing 26 Xcelsior clean diesel 40-foot buses.

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