About Proterra
Proterra is a company based in Burlingame (United States) founded in 2004. Proterra has raised $857.79 million across 19 funding rounds from investors including SVB, Mercedes-Benz and Kleiner Perkins. The company has 1,247 employees as of December 31, 2022. Proterra has completed 1 acquisition, including ArcLight Clean Transition. Proterra offers products and services including Onyx Slate Battery and Onyx Strata Battery. Proterra operates in a competitive market with competitors including Arrival, Lightning eMotors, Hyzon Motors, Olectra and The Lion Electric, among others.
- Headquarter Burlingame, United States
- Employees 1247 as on 31 Dec, 2022
- Stage Public
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Sectors
Transportation, Automotive & Logistics
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Phone
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Website
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Social
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Annual Revenue
$309.36 M (USD)27as on Dec 31, 2022
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Net Profit
-$237.95 M (USD)5as on Dec 31, 2022
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EBITDA
-$237.95 M (USD)5as on Dec 31, 2022
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Total Equity Funding
$857.79 M (USD)
in 19 rounds
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Latest Funding Round
$200 M (USD), Series H
Oct 15, 2020
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Investors
SVB
& 23 more
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Employee Count
1247
as on Dec 31, 2022
- Investments & Acquisitions
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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.
People of Proterra
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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.
Investors in Proterra
Proterra has secured backing from 24 investors, including institutional and venture fund investors. Prominent investors backing the company include SVB, Mercedes-Benz and Kleiner Perkins.
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Private equity firm focused on sustainable investments
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Private equity investment fund
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Venture capital firm focused on multiple sectors
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Investor details for Proterra
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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.
Investment portfolio details for Proterra
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Developer of non-renewable energy based power projects
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Complete acquisition details for Proterra
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Financial Statements - Proterra
Detailed financials for Proterra
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Proterra Comparisons
Peer comparison for Proterra
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Competitors of Proterra
Proterra operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Arrival, Lightning eMotors, Hyzon Motors, Olectra and The Lion Electric, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Multi-category commercial electric vehicles, including buses and vans, are manufactured.
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SaaS management solutions for EV charging operators are provided.
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Developer of multiple categories of commercial vehicles
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Electric buses and transmission insulators are developed by Olectra.
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Electric commercial vehicles including trucks and buses are developed.
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Detailed competitors of Proterra
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Latest news on 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.
As of Dec 31, 2022, the latest employee count at Proterra is 1,247.
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 Arrival, Lightning eMotors and Olectra.
Proterra offers Onyx Slate Battery and Onyx Strata Battery.
Proterra has made 1 acquisition, including ArcLight Clean Transition.
Proterra has 24 investors. Key investors include SVB, Mercedes-Benz, Kleiner Perkins, Constellation, and Hercules Capital.