Tuesday, January 3, 2017

Proterra Gets $140M

Burlingame, California-based Proterra, which develops electric buses and transportation technology, said this morning that it has raised $140M in an equity funding round. The Series 5 round of funding was led by a $40 million investment from an undisclosed investor, an additional $60 million from several new investors, and also included Tao Capital Partners, Kleiner Perkins, GM Ventures, Constellation Technology Ventures, 88 Green Ventures, Edison Energy, Inc. The funding was managed by J.P. Morgan. The comapny said the funding goes towards a new high-growth phase of capacity expansion and product development. More information »