Bus

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

Bridj, KCATA, Ford partner for urban mobility pilot project

The transformative program is the first U.S. public-private partnership that brings together a major U.S. transit agency, an automaker and an urban technology company with the aim of enhancing Kansas City’s existing mass transit system by providing greater access and mobility to residents.

L.A. Metro opens new 'green' bus facility

Division 13 will serve as a bus maintenance, operations and service facility with a multi-level parking garage that accommodates 200 CNG buses, fueling equipment, transportation offices and support areas.

Starcraft Bus named Ford's top volume pool account for 10th year

The company has purchased and sold more Ford E-Series chassis than any other bus manufacturer in North America since 2006.

Cummins announces new 'SmartEfficiency' initiative

The product improvement plan focuses on improved fuel efficiency, lower total cost of ownership and improved uptime.

Bluetooth, Wi-Fi sensing from mobile devices may help improve bus service

University of Washington researchers have developed an inexpensive system that uses Wi-Fi and Bluetooth signals from passengers’ mobile phones and devices to collect better data about where bus riders get on and off, how many people use a given stop and even how long they wait to transfer to another bus.

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