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 M27as on Dec 31, 2022
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Net Profit
$-237.95 M5as on Dec 31, 2022
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EBITDA
$-237.95 M5as 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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Designed for larger commercial vehicles with flexible installation options.
Compact configuration for maximizing energy in tight vehicle spaces.
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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.
- Total Funding Total Funding
- Total Rounds 19
- Last Round Series H — $200.0M
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First Round
First Round
(13 May 2010)
- Investors Count 24
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2020 | Amount | Series H - Proterra | Valuation | Cowen | |
| Apr, 2020 | Amount | Debt – Conventional - Proterra | Valuation |
investors |
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| Sep, 2018 | Amount | Series G - Proterra | Valuation | Mercedes-Benz , Tao Capital Partners |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity firm focused on sustainable investments
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Founded Year | Domain | Location | |
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Private equity investment fund
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Founded Year | Domain | Location | |
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Venture capital firm focused on multiple sectors
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Proterra
Proterra has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include ArcLight Clean Transition. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Developer of non-renewable energy based power projects
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2020 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Proterra
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Proterra Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multi-category commercial electric vehicles, including buses and vans, are manufactured.
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| domain | founded_year | HQ Location |
SaaS management solutions for EV charging operators are provided.
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| domain | founded_year | HQ Location |
Developer of multiple categories of commercial vehicles
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| domain | founded_year | HQ Location |
Electric buses and transmission insulators are developed by Olectra.
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| domain | founded_year | HQ Location |
Electric commercial vehicles including trucks and buses are developed.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Proterra
Frequently Asked Questions about Proterra
When was Proterra founded?
Proterra was founded in 2004 and raised its 1st funding round 6 years after it was founded.
Where is Proterra located?
Proterra is headquartered in Burlingame, United States. It is registered at Burlingame, California, United States.
Is Proterra a funded company?
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 Series G of $155M, raised on May 13, 2010.
How many employees does Proterra have?
As of Dec 31, 2022, the latest employee count at Proterra is 1,247.
What is the annual revenue of Proterra?
Annual revenue of Proterra is $309.36M as on Dec 31, 2022.
What does Proterra do?
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.
Who are the top competitors of Proterra?
Proterra's top competitors include Arrival, Lightning eMotors and Olectra.
What products or services does Proterra offer?
Proterra offers Onyx Slate Battery and Onyx Strata Battery.
How many acquisitions has Proterra made?
Proterra has made 1 acquisition, including ArcLight Clean Transition.
Who are Proterra's investors?
Proterra has 24 investors. Key investors include SVB, Mercedes-Benz, Kleiner Perkins, Constellation, and Hercules Capital.
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