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Proterro Gets $3.5 Million to Develop Non-Crop Sugar for Biofuel

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Dec. 17 (Bloomberg) -- Proterro Inc., a U.S. biotechnology company that produces sugars for biofuels, will receive $3.5 million in venture capital funding to develop its technology.

Current backer Braemar Energy Ventures led the financing round and was joined by new investors Cultivian Ventures and Middleland Capital, Ewing, New Jersey-based Proterro said today in a statement. The company uses a biosynthetic process to produce sucrose that may be processed into fuel and chemicals.

Link to Statement:{NSN MF740C3V2801 <GO>}

Link to Company News:{8185824Z US <Equity> CN <GO>} Link to Company News:{0395477Z US <Equity> CN <GO>} Link to Company News:{3558727Z US <Equity> CN <GO>}

To contact the reporter on this story: Justin Doom in New York at jdoom1@bloomberg.net

To contact the editor responsible for this story: Will Wade at wwade4@bloomberg.net

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