Proterra
Proterra Raises $200M in Series Unknown
Quick Facts
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.
About the Author
Related Company Reports
Anthropic Raises $2B in Series D
Anthropic, a AI/ML company based in San Francisco, CA, has raised $2B in Series D at a $18B valuation led by Menlo Ventures, Spark Capital, Google.
xAI Raises $6B in Series C
xAI, a AI/ML company based in San Francisco, CA, has raised $6B in Series C at a $40B valuation led by Sequoia Capital, a16z, Valor Equity.
Adept AI Raises $350M in Series B
Adept AI, a AI/ML company based in San Francisco, CA, has raised $350M in Series B at a $1B valuation led by General Catalyst, Spark Capital, Addition.