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Venture Capital News: Proterra Picks up $10M in Series C-1

2014-01-08
GREENVILLE, SC, Proterra raised an additional $10 million for a second close of the electric vehicle maker's Series C round.
According to the Wall Street Journal, Nick and Joby Pritzker, via their investment firm Tao Invest, participated in a $10 million second close of Proterra's Series C round.

With manufacturing in Greenville, S.C., Proterra is a leader in the clean technology and clean energy space, designing and manufacturing heavy-duty electric drive systems, energy storage systems, vehicle control systems, transit buses and fast-charging stations. Proterra's systems are scalable to commercial buses of all sizes. Its ground-up designs have led to the EcoRide-- the world's first full-size, 10-minute charge battery-electric transit bus.
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