Proterra Raises $200 Million From Investors Led By Cowen Sustainable Advisors

SectorFinancial Markets
CountryMiddle east

This is one of more than 500 battery powered buses Proterra has manufactured and sold in the U.S. ... [+] and Canada. Proterra photo Proterra, an electric bus and battery manufacturing startup, has raised $200 million from an investment group led by Cowen Sustainable Advisors and including Soros Fund Management, Generation Investment Management and Broadscale Group. The Burlingame, California-based company will use the money for research and development and to expand its technology to other vehicle segments and to provide supplemental charging and energy management to fleet operators. In August, Proterra unveiled a new battery pack that can be customized for heavy-duty commercial vehicles. The company’s new Series H battery pack can hold between 25 and 75 kilowatt-hours of energy storage, while its more...