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July 07, 2015 6:21 PM ET

Machinery

Company Overview of Proterra Inc.

Company Overview

Proterra Inc. designs and manufactures heavy duty vehicles. It offers electric buses, including public transit buses. The company also provides EcoRide, a low-floor composite body transit bus. Its on-route charging station technology offers convenient method for charging heavy duty vehicles. The company’s system allows a battery electric bus to pull into a transit center terminal or on-route stop and automatically connect to an overhead system that links the bus to a high capacity charger without driver involvement. Proterra Inc. was founded in 2004 and is headquartered in Greenville, South Carolina.

1 Whitlee Court

Greenville, SC 29607

United States

Founded in 2004

Phone:

864-438-0000

Fax:

864-281-1894

Key Executives for Proterra Inc.

Chief Executive Officer
Age: 37
Founder, Chief Technology Officer and Director
Chief Financial Officer
Vice President of Engineering
Chief Business Development Officer and General Counsel
Compensation as of Fiscal Year 2015.

Proterra Inc. Key Developments

Proterra Wins $3 Million California Energy Commission Grant to Expand Advanced Manufacturing of Zero-Emissions Transit Buses to West Coast

The California Energy Commission awarded a $3 million grant to Proterra at its April Business Meeting. The grant will fund the design, development and construction of Proterra's new zero-emission, battery-electric transit bus manufacturing line in California. Proterra's expansion was prompted by the strong growth in market demand for the new Proterra Catalyst vehicle. The proposed facility, to be located in the San Gabriel Valley, is expected to be operational by the fourth quarter of 2015 and will create more than 70 new local jobs. During the grant term, Proterra plans to manufacture an estimated 424 buses, resulting in a reduction of 900M lbs of CO2 over the lifetime of those vehicles. Proterra was the only bus provider selected for CEC funding. Proterra selected the San Gabriel Valley as an optimal location to serve existing and future transit customers throughout California. The manufacturing facility will benefit economically distressed communities throughout the San Gabriel Valley providing good living-wage jobs in southern California's emerging center of high-tech manufacturing. Ultimately, implementing the California Zero-Emission Public Transit Bus Manufacturing Project will help further lower production costs, reduce the upfront cost of zero- emission buses and provide a strong spark to accelerate widespread deployment and adoption. The project will accelerate private investment in California, bringing in $5,411,352 in private investment to match the $3,000,000 Energy Commission investment, for a total project budget of $8,411,352.

Proterra, Inc. Introduces Extended-Range Electric Bus, Flexible Battery System

Proterra Inc. launched a new extended-range product line. With the introduction of the new TerraVolt XR extended-range battery, Proterra buses can now be configured to travel up to 180 miles between charges. This newest high energy density battery complements the existing TerraVolt FC fast-charge battery which has been extensively tested over nearly one million customer revenue miles. These two battery packs are key components of Proterra’s revolutionary TerraFlex energy system and can be used interchangeably in the Catalyst vehicle platform. This system enables customers to select the right amount and type of energy storage to meet specific route requirements. Once customized, operators can easily reconfigure battery packs to meet evolving service needs. Both battery systems are compatible with Proterra’s on-route and in-depot chargers, resulting in a platform with ultimate flexibility at the lowest cost. The fast-charge Catalyst FC is now available in configurations carrying between 53 kWh and 131 kWh of energy storage and can be fully recharged in under 10 minutes. The extended-range Catalyst XR is now available in configurations carrying between 129 kWh and 321 kWh of energy storage and can be recharged in a little over an hour. The new product line continues to deliver on Proterra’s promise to be the lightest-weight and most energy-efficient heavy duty platform available.

Proterra Inc. Appoints Matt Horton as Vice President of Sales

Proterra Inc. has recently announced the addition of Matt Horton as vice president of sales. This California-based position is designed to lead the overall sales effort for this rapidly growing company, with special emphasis on strategic sales and the California market. As part of his new role at Proterra, Horton will work on enhancing and employing a comprehensive sales strategy for the company.

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