Proterra Raises $200M in Series Unknown

Proterra has successfully raised $200M in a Series Unknown at a $1.6B valuation led by ArcLight Capital Partners, Chamath Palihapitiya.

Company Overview

Proterra is a Automotive company headquartered in 1815 Rollins Road, Burlingame, CA 94010, founded in 2004 with 800+ employees.

Electric bus and battery manufacturer

Fundraising Details

Amount Raised: $200M
Round Type: Series Unknown
Valuation: $1.6B
Date: 2024-01-26
Investors: ArcLight Capital Partners, Chamath Palihapitiya

About Proterra

Electric bus and battery manufacturer The company is positioned in the Automotive sector, serving a growing market with innovative solutions.

Key Information

Headquarters: 1815 Rollins Road, Burlingame, CA 94010
Founded: 2004
Team Size: 800+
Industry: Automotive

What This Means

This funding round demonstrates strong investor confidence in Proterra's vision and execution. The capital will likely be used to:

Scale Operations: Expand the team and operational capacity
Product Development: Enhance existing products and develop new features
Market Expansion: Enter new markets and strengthen presence in existing ones
Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The Automotive sector continues to attract significant investment as companies innovate to meet evolving market demands. Proterra's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $1.6B valuation marks an important milestone for Proterra, positioning the company among notable players in the Automotive industry.

Looking Ahead

With this new capital, Proterra is well-positioned to execute on its growth strategy and continue building innovative solutions in the Automotive space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2024-01-26. For more information about Proterra, visit their headquarters at 1815 Rollins Road, Burlingame, CA 94010.