Proterra is a Burlingame, California–based company that develops and produces battery-electric, heavy-duty transit buses aimed at lowering operating costs and emissions for municipal, university, and commercial fleet operators. Its core offering is a line of zero-emission buses supported by in-house battery and charging technologies. To date, the company has sold more than 400 vehicles to 39 transit agencies across 20 states, demonstrating growing market traction. Proterra operates manufacturing facilities in South Carolina and Los Angeles, with research and development centered at its Silicon Valley headquarters. Recent capital infusions are being directed toward expanding production capacity at these plants and accelerating R&D initiatives. Led by CEO Ryan Popple, the firm continues to scale operations to meet increasing demand for clean public transportation solutions. The company most recently secured $55 million in Series 6 funding following an oversubscribed $140 million Series 5 round earlier in the year.

Total raised

$727M

Funding rounds

12

Latest round

Equity

Latest activity

Oct 2020