About Proterra
Proterra is a publicly listed company based in Burlingame (United States) founded in 2004 by Dale Hill and Jeff Granato. Electric buses and charging systems are manufactured for fleets. It operates in the Transportation, Automotive & Logistics and Energy & Utilities sectors. Proterra has raised $857.79 million across 19 funding rounds from investors including SVB, Mercedes-Benz and Kleiner Perkins. The company has 418 employees. Proterra has completed 1 acquisition, including ArcLight Clean Transition. Proterra was last valued at $86.25 million in November 2020. Proterra offers products and services including Onyx Slate Battery and Onyx Strata Battery. Its focus areas include Energy Tech, Electric Vehicles, Automaker and Commercial Vehicles. Its competitors include Lightning eMotors and Hyzon Motors; 2 of its 2 listed competitors have raised funding.
Company details
Proterra was founded in 2004 and is headquartered in Burlingame, United States. Operations focus on the electric vehicle sector, where all-electric drivetrains, thermal management systems, sensor-based monitoring, and ruggedized enclosures are produced for buses. EV charging stations with vehicle-to-grid capabilities are also provided, alongside powertrains for heavy-duty vehicle electrification. A cloud-enabled energy management system supports electric fleet operations.
- Headquarters Burlingame, United States
- Employees 418
- Founders Dale Hill, Jeff Granato
- Stage Public
- SectorsTransportation, Automotive & LogisticsEnergy & Utilities
- Phone•••• ••••
- Website proterra.com
- Social LinkedIn X Facebook
- Annual Revenue$309.36 M (USD)27as on Dec 31, 2022
- Net Profit-$237.95 M (USD)5as on Dec 31, 2022
- EBITDA-$237.95 M (USD)5as on Dec 31, 2022
- Total Equity Funding$857.79M (USD)
in 19 rounds
- Latest Funding Round$200M (USD), Series H
Oct 2020
- InvestorsSVB
& 36 more
- Employee Count418
- Investments & Acquisitions
Products & Services of Proterra
Proterra offers a comprehensive portfolio of products and services, including Onyx Slate Battery and Onyx Strata Battery.
Designed for larger commercial vehicles with flexible installation options.
Compact configuration for maximizing energy in tight vehicle spaces.
Funding Insights of Proterra
Proterra has successfully raised a total of $857.79M across 19 strategic funding rounds. The most recent funding activity was a Series H round of $200 million completed in October 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $857.79M
- Total Rounds 19
- Last Round Series H — $200M
- First Round $41.07M
(May 2010)
- Investors Count 37
Latest 10 of 19 funding rounds of Proterra with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2020 | $200M | Series H | – | Cowen | |
| Apr 2020 | Debt – Conventional | – | – | ||
| Sep 2018 | $155M | Series G | – | Mercedes-Benz, Tao Capital Partners | |
| May 2018 | $100M | Series F | – | – | – |
| Jun 2017 | $55M | Series F | – | BMW i Ventures, Generation Investment Management | – |
| Jan 2017 | $140M | Series E | – | – | |
| Nov 2015 | $160,550 | Series D | – | – | – |
| Jun 2015 | $25M | Debt – Conventional | – | – | |
| Jun 2015 | $30M | Series D | – | – | – |
| Apr 2015 | $3M | Grant | – | – |
| Date | Valuation | Stage |
|---|
Full valuation and stage history of Proterra
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
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Last known valuation $86.25M (Nov 2020). 37 investors in total: 37 institutional.
Investors in Proterra
Proterra has secured backing from 37 investors, including institutional and venture fund investors. Prominent investors backing the company include SVB, Mercedes-Benz and Kleiner Perkins.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity firm focused on sustainable investments | generationim.com | London, United Kingdom | ||
Private equity investment fund | 2012 | broadscale.com | New York, United States | |
Venture capital firm focused on multiple sectors | taocap.com | Marlborough, United States | ||
Venture capital fund investing in tech companies | g2vp.com | Portola Valley, United States | ||
BMW i Ventures is focused on investing in automotive technology startups. | bmwiventures.com | Mountain View, United States | ||
Venture capital funding is provided by General Motors-backed firm. | gmventures.com | Warren, United States | ||
Early-stage investments in energy sectors are made globally. | 88greenventures.com | Melbourne, Australia | ||
Early-stage energy startups are invested in by Constellation Technology Ventures. | technologyventures.constellation.com | Baltimore, United States | ||
Venture capital firm investing in early-stage tech startups | 1972 | kleinerperkins.com | Menlo Park, United States | |
Venture debt financing is provided to companies in multiple sectors. | 2003 | htgc.com | Palo Alto, United States |
Investor details for Proterra
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Proterra
132 people are tracked at Proterra (31 in leadership, 6 in board & advisors, 95 in team); the tracked headcount is 418.
| Name | Role | Group |
|---|---|---|
Dale Hill | Founder | Leadership |
Jeff Granato | Founder | Leadership |
Chris Bailey | President, Proterra Powered & Energy | Leadership |
Dan George | Director Of Global Sourcing | Leadership |
Brittany Spearman Shrm-Cp | Human Resources Business Partner | Leadership |
Jeffrey Embt | Chief Accounting Officer (cao) | Leadership |
Patrick Goodwin | Director Of IT Infrastructure And Operations | Leadership |
Tyler Marrero | Director Of Financial Planning And Analysis | Leadership |
Yogesh Pawar | Vice President Engineering Operations | Leadership |
Christina Rever | Human Resources Director | Leadership |
Derek Paul | Vice President Of Product Development | Leadership |
Pramod Kumar | VP Of IT | Leadership |
Gagan Khatri | Director Of Finance And Accounting | Leadership |
Joe Lunny | Regional Sales Director | Leadership |
Kevin Anderson | Chief Technology Officer | Leadership |
Prathika Appaiah | Director Of Operational Excellence | Leadership |
Amy Cuny | Director, Sourcing Operations - Powered | Leadership |
Claire McConnell | Chief Business Officer | Leadership |
Emrah Arslanturk | Sr. Director Of Battery-as-a-service And Remanufacturing Operations | Leadership |
Gregory Iwahashi | Head Of BD & Partnerships | Leadership |
112 more people are available in the full profile.
Complete people profiles for Proterra
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Investments & Acquisitions by Proterra
Proterra has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include ArcLight Clean Transition.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Developer of non-renewable energy based power projects | arclightclean.com | United States | 2020 | Jan 2021 | •••• |
Complete acquisition details for Proterra
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
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Verified entity values are shown only after access is granted.
Timeline of Proterra
6 dated milestones of Proterra across 17 years, from founding to its latest funding, stage changes and deals.
- Founded Proterra is founded.
- Funding First funding round of $41.1M.
- Funding Latest funding round, Series H, of $200.0M.
- Milestone Reaches Unicorn status.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires ArcLight Clean Transition.
Competitors of Proterra
Proterra has 2 listed competitors in our database, 2 of them funded. They include Lightning eMotors and Hyzon Motors.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| lightningemotors.com | 2008 | Loveland, United States | $59.8M | 269 | SaaS management solutions for EV charging operators are provided. | |
| hyzonmotors.com | 2019 | New York, United States | $400M | 91 | Developer of multiple categories of commercial vehicles |
Detailed competitors of Proterra
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Web traffic of Proterra
The website of Proterra (proterra.com) receives about 4K visits a month.
- Monthly visits4K
▼ 53.1% vs previous month
Websites whose visitors overlap most with Proterra. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| protera.com | 29% | 19.6K | View details |
Top companies in Electric & Green Mobility
3 companies that operate in the same segment as Proterra (Electric & Green Mobility) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Electric kick-scooters are rented through an app-based platform. | 2017 | Miami, Florida, United States | USD 765 M | USD 244.66 M | 953 | |
Electric kick-scooters are rented through an app-based platform. | 2017 | San Francisco, California, United States | USD 1.4 B | 2,813 | ||
Multi-category electric vehicles are manufactured for diverse applications. | 1999 | Bedford, United States | USD 101.78 M |
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Related news about Proterra
Complete news archive for Proterra
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Frequently Asked Questions about Proterra
Proterra was founded in 2004 and raised its 1st funding round 6 years after it was founded.
Proterra is headquartered in Burlingame, United States. It is registered at Burlingame, California, United States.
Proterra is a funded company, having raised a total of $857.79M across 19 funding rounds to date. The company's 1st funding round was a Grant of $3M, raised on May 2010.
Proterra has 418 employees.
Annual revenue of Proterra is $309.36M as on Dec 31, 2022.
Proterra was founded in 2004 and is headquartered in Burlingame, United States. Operations focus on the electric vehicle sector, where all-electric drivetrains, thermal management systems, sensor-based monitoring, and ruggedized enclosures are produced for buses. EV charging stations with vehicle-to-grid capabilities are also provided, alongside powertrains for heavy-duty vehicle electrification. A cloud-enabled energy management system supports electric fleet operations.
Proterra's top competitors include Lightning eMotors and Hyzon Motors.
Proterra offers Onyx Slate Battery and Onyx Strata Battery.
Proterra has made 1 acquisition, including ArcLight Clean Transition.
Proterra has 37 investors. Key investors include SVB, Mercedes-Benz, Kleiner Perkins, Constellation, and Hercules Capital.
The valuation of Proterra is $86.25M as of Nov 2020.