Proterra raises $140M

What does Proterra do?

Proterra, is the leading innovator in heavy duty electric transportation. The company designs and manufactures advanced heavy duty vehicles, vehicle control systems, energy storage systems and complete transit buses, that run on clean domestic fuels. The company is the answer to the global call for cost-effective, efficient and eco friendly heavy duty vehicle solutions.

How much Proterra was funded?

The company raised $140M in Series E on January 3, 2017 from VentureSouth, Edison Energy, Upstate Carolina Angel Network, 88 Green Ventures, Constellation Technology Ventures, Obvious Ventures, GM ventures, Tao Capital Partners and Kleiner Perkins Caufield & Byers.

Previous funding

$30M in Series A on June 13, 2011 from Kleiner Perkins Caufield & Byers, 88 Green Ventures, Mitsui Global Investment, Vision Ridge Capital Partners, General Motors Ventures, SC Launch and Upstate Carolina Angel Network

$15M in undisclosed round on October 25, 2011 from Silicon Valley Bank

$23M in Series B on November 21, 2012 from Global Investment Partners, Vision Ridge Capital Partners, 88 Green Ventures, Hennessey Capital, Upstate Carolina Angel Network and Kleiner Perkins Caufield & Byers.

$34.21M in Series C on January 8, 2014 from General Motors Ventures, Kleiner Perkins Caufield & Byers, Hennessey Capital, 88 Green Ventures, Upstate Carolina Angel Network, Vision Ridge Capital Partners and Tao Capital Partners

$30M in Series D on June 19, 2014 from Kleiner Perkins Caufield & Byers, Edison Energy, General Motors Ventures, TAO Investments, Hennessey Capital, Vision Ridge Capital Partners, Mitsui Global Investment, Constellation Ventures, 88 Green Ventures and Upstate Carolina Angel Network

$30M in Series D on June 30, 2015 form Mike Dorsey, Upstate Carolina Angel Network and Miriam Rivera

$25M on June 30, 2015 from Hercules Capital, Inc.

What is next for Proterra?

The company plans on using the funding for accelerating production capacity both coasts, while continuing on developing its next gen heavy duty electric vehicle products.

More about Proterra

Proterra was founded in 2004 by Dale Hill. It has its headquarters in Burlingame, California.