Venture firm invests $30M in Proterra
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.
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.
More Bus
From Surviving to Thriving: Building Stronger Transportation Organizations
Bus Business Consultants founder Brian Dickson shares lessons on leadership, organizational health, and creating options for long-term success in a changing transportation industry.
Read More →
Finding the ‘Happy Medium’: Optimizing Maintenance Without Sacrificing Reliability
The key to maintenance optimization isn’t doing less work—it’s doing the right work at the right time on the right assets.
Read More →
LA Metro, City of West Hollywood, and Partners Advance Smarter Bus Lane Enforcement
The award-winning partnership combines AI-powered detection with human oversight to improve bus reliability, accessibility, and enforcement efficiency.
Read More →
PSTA Modernizes Workforce Management with Digital Bidding System
The award-winning Workforce Transit Modernization project replaced paper bidding with a transparent digital platform, cutting administrative effort while improving access for operators.
Read More →
Washington's Community Transit Sets Six-Year Roadmap for Growth, Expansion
Approved TDP targets more bus service, new mobility options, Swift BRT expansion, and a potential Everett Transit annexation.
Read More →
DART Customer Satisfaction Reaches Six-Year High
Overall satisfaction rose to 74.9%, while the agency’s Net Promoter Score reached a record 33.7.
Read More →
How DART's GoPass Is Redefining Regional Mobility
Serving 14 transit agencies, GoPass simplifies multimodal travel by allowing riders to plan, pay for, and manage an entire trip through one app.
Read More →
Biz Briefs: OCTA Taps Clean Energy for Hydrogen Station, Stadler to Supply Via Rail Vehicles, and More
From manufacturers and suppliers to transit agencies and motorcoach operators, these updates offer a snapshot of the projects, partnerships and business moves driving the industry forward.
Read More →
METRO Magazine Announces 2026 Innovative Solutions Awards Winners
Projects Recognized for Advancing Mobility Through Technology, Accessibility, Workforce Innovation, and Operational Excellence
Read More →
Biz Briefs: STV teams with Amtrak, Motorcoach Operators Boost Fleet and Land Contracts, and More
From manufacturers and suppliers to transit agencies and motorcoach operators, these updates offer a snapshot of the projects, partnerships and business moves driving the industry forward.
Read More →