Funding was based in large measure on the company’s strong 2013 performance and aggressive sales.
Proterra secures another $34M in funding
Expects to close Series C funding before the end of the first quarter of 2014.
January 8, 2014
Photo courtesy SanJoaquinRTD
1 min to read
The second round of Series C investment was led by Nick and Joby Pritzker through their family’s firm, Tao Invest, and selected existing shareholders. Previous investors include electric industry leaders Edison Energy Inc. and Constellation, along with Kleiner Perkins Caufield & Byers, GM Ventures, Mitsui & Co. Global Investment Inc., Vision Ridge Partners, Hennessey Capital and 88 Green Ventures.
Proterra expects to close Series C funding before the end of the first quarter of 2014.
The company manufactures the only battery-electric buses purchased for revenue service anywhere in North America, according to the company. Its BE35 is the only electric transit bus to ever pass stringent federally-required Altoona testing.
The company has recently announced a host of new sales, including several from repeat customers. Proterra will use these additional Series C proceeds to continue to fund production growth and product development efforts to keep pace with accelerating demand.
More Bus
Pittsburgh Unveils 'Bus Line Refresh' Plan
Originally introduced in 2023 as the Bus Line Redesign, the effort has evolved into a more targeted update that maintains familiar routes while improving reliability, frequency, evening and weekend service, and connections across Allegheny County.
Read More →
Seattle's Sound Transit Breaks Ground on S3 Bus Line
S3 will connect communities along SR 522 with fast, reliable, battery-electric bus service from Shoreline South Station to Bothell via Kenmore and Lake Forest Park.
Read More →
Pittsburgh Regional Transit Announces All-Door Boarding on the University Line
All-door boarding will allow passengers to pay while entering the front, middle, or rear doors of the University Line’s 60-foot articulated buses.
Read More →
Complete Coach Works Names Patrick Scully President
He succeeds the company founder, Dale Carson, who remains chairman of the board.
Read More →
Atlanta's MARTA Sets Date for 'A-Line' BRT Launch
The five-mile Rapid A-Line connects Downtown Atlanta to Capitol Gateway, Summerhill, Peoplestown, and the Beltline’s Southside Trail.
Read More →
Ster Seating, Maryland Transit Launch First Parent/Child Transit Seat in North America
The configuration uses Ster Seating's Gemini seat platform to create a family-friendly floor layout specifically engineered to accommodate parents traveling with young children.
Read More →
Seattle’s Sound Transit Breaks Ground on New Transit Center
The Renton Transit Center project will relocate and rebuild the Renton Transit Center to better serve the regional Stride S1 line, local King County Metro services, and the future RapidRide I Line.
Read More →
New Rolling Stock Strategy Lead at New York MTA and More in People Movement
In this edition, we cover recent appointments and announcements at HDR, NCTD, STV, and more, showcasing the individuals helping to shape the future of transportation.
Read More →
Chicago Region Transit Ridership Grows in 2025
The region’s fixed-route system finished out the year with a total of 373.5 million rides. Adding 12.3 million rides over 2024 represents an increase that is equal to the annual transit ridership of Kansas City.
Read More →
Seattle's King County Metro Introduces New Battery-Electric Buses
Rolling out in electric yellow and seafoam blue, the first battery-electric buses purchased from GILLIG will begin serving riders in south King County on February 2.
Read More →