Venture firm invests $30M in Proterra

Posted on June 13, 2011

Proterra Inc., maker of zero-emission commercial transit products, announced an investment of $30 million to accelerate the commercialization of its world-leading, fast-charge battery electric transit buses and automated bus charging systems.

The investment is being led by Silicon Valley venture firm Kleiner Perkins Caufield & Byers (KPCB), and also includes GM Ventures, Mitsui & Co. Ltd., Vision Ridge Partners and 88 Green Ventures LLC.

Proterra's 35-foot EcoRide BE35 bus, in daily service at Calif.-based Foothill Transit since last September, will be rolling out to VIA Transit in San Antonio and Tallahassee StarMetro in Florida later this year.

The quiet, emissions-free "bus of tomorrow" is completely recharged in less than 10 minutes with Proterra's FastFill charging station resulting in a 1 for 1 replacement of diesel buses in service on routes today, according to the company.

This investment enables Proterra to complete critical federal validation testing of its bus, roll out additional pilot fleets and complete initiatives to significantly reduce costs and increase volume production at its Greenville, S.C., manufacturing plant, which will have a capacity to produce 400 buses annually.

The bus has more than 80 percent U.S. content from 33 states and will create approximately 2,400 jobs nationwide by 2015 across Proterra and its supplier network.


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

More News

Fla.'s JTA sets launch date for new BRT service

The 9.4 mile Green Line on the North Corridor will feature direct, high-frequency service; 18 branded stations; complimentary Wi-Fi, a Park-n-Ride lot, and real-time bus arrival information.

Canadian bus service to block Internet streaming

Some customers have reported slow internet service, while others couldn't connect at al, due to Internet streaming issues.

Nova Bus names new east coast regional sales manager

Prior to joinging Nova, John Manzi served as eastern regional transit sales manager for a major transmission manufacturer.

Shuttle, circulator routes drawing thousands of riders in Miami

These services carried more than eight million passengers last year in 27 municipalities and are praised by riders and public officials alike as successful transit programs.

Calif.'s VVTA unveils Google trip planner update, web app

VVTA staff coordinated with the county and cities to maintain route and stop accuracy throughout the release cycle. Meeting the needs of the many departments at each agency added to the complexity of the project.

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



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