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The purchase increases the Worcester Regional Transit Authority's electric fleet to six buses — 13% of its entire fleet.
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A lack of job stability in the transit bus industry, as well as the textile industry that services the transit market, is a key reason three transit properties and their seat fabric supplier forged a bond that has proven to be mutually beneficial to all participants.
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Expects to close Series C funding before the end of the first quarter of 2014.
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The buses are slated to be built at Proterra’s manufacturing facility in Greenville, S.C. in early 2014, with delivery expected later in the year.
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More than 145 exhibitors showcased products and 64 vehicles were on display, including an unprecedented four electric vehicles. Safety and paratransit were major topics of focus in the educational sessions, which featured an expanded program this year.
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Dave Rich and Bill Fay come to Proterra with a wealth of automotive and transportation industry expertise and will play a critical role in the company’s growth plans.
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This round of funding included two new strategic electric industry investors, Edison Energy Inc., a subsidiary of Edison International and Constellation.
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Representatives from Phoenix Motorcars, BYD, Proterra and Complete Coach Works featured their buses on the show floor and explained their products as well as their outlook for the future of electric buses in the transportation industry.
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BusCon 2013 featured more than 65 vehicles on the show floor, including four electric vehicles.
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Attendees will have the opportunity to speak directly with exhibitors like Complete Coach Works, Phoenix Motorcars, Proterra and BYD Motors Inc.
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