Proterra Inc. was an American electric vehicle and powertrain manufacturer based in Burlingame, California. The company designed and manufactured battery electric transit buses, powertrain systems for other heavy-duty vehicle builders and charging systems for fleets of heavy-duty vehicles. Founded in 2004, it became a public company in June 2021. The company delivered 199 new transit buses and battery systems for 1,229 vehicles in 2022. The company filed for Chapter 11 bankruptcy in August 2023. In November, its assets were split into three divisions and sold off. The Proterra Powered powertrain manufacturing business line will operate as an independent company within the Volvo Group. The transit bus manufacturing business line was sold to Phoenix Motorcars. The Proterra Energy business line which built charging systems for fleets of heavy-duty vehicles was purchased by Cowen Equity.
Proterra has received investment from 2 venture capital firms.
Proterra Inc. was an American electric vehicle and powertrain manufacturer based in Burlingame, California.
Proterra has received investment from BMW i Ventures, UP Partners. These venture capital firms and investors provide both capital and strategic support.
Proterra was founded in 2004 and is headquartered in Burlingame, California.
Proterra operates in the Climate sector. Proterra Inc. was an American electric vehicle and powertrain manufacturer based in Burlingame, California.
