January 18, 2017 12:06 PM ET

Machinery

Company Overview of Proterra Inc.

Company Overview

Proterra Inc. designs and manufactures zero-emission vehicles. The company offers EcoRide, a battery electric and zero-emissions bus; and Catalyst, an electric transit vehicle. It also offers TerraFlex, an energy system that enables customers to select amount and type of energy storage to meet specific route requirements; TerraVolt, an extended range battery; on-route and in-depot charging services; and financing solutions, route simulation analysis, battery lifecycle management, and standard warranty services. The company serves customers through a network of agencies in North America. Proterra Inc. was founded in 2004 and is headquartered in Greenville, South Carolina with an additional of...

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, President and Director
Age: 38
Chief Financial Officer
Chief Operating Officer
Vice President of Government Relations and General Counsel
Chief Technology Officer
Compensation as of Fiscal Year 2016.

Proterra Inc. Key Developments

King County Metro Transit to Purchase Up to 73 Battery Buses from Proterra

King County Metro Transit will acquire 120 all-electric battery buses by 2020. As part of this commitment, Metro will purchase up to 73 battery buses from Proterra. The first 20 are scheduled to go into service this year and 2019. King County Metro will purchase up to 73 all-electric battery buses from Proterra at a cost of up to $55 million, starting with 20 buses totaling $15.12 million. Charging stations to support the initial orders of those buses will range from $5.5 million to $6.6 million. The 40-foot battery buses have an estimated range of about 25 miles, with a quick charging time of just 10 minutes. Maintenance costs of all-electric buses are expected to decline versus hybrid-diesels, primarily because they have fewer moving parts. Eight of the buses are slated to go into service this year, 12 more in 2019.

JLL Taps Proterra to Deliver Fully Electric Commercial Bus Fleet

Proterra and JLL announced the first commercial agreement to provide commuter shuttle services via a fleet of electric buses. The service will operate between Chicago's commuter train stations and two of the city's buildings, the Prudential Plaza and Aon Center, both of which are managed by JLL. Funded in part by Drive Clean Chicago, JLL will lease the Proterra buses for its shuttle service for Prudential Plaza and Aon Center tenants commuting to and from the Ogilvie, Union and LaSalle Street commuter rail stations. Each building will lease five Proterra buses, demonstrating a new way for commercial customers to procure zero-emission transit solutions. The program will begin in December 2016.

Proterra Names Josh Ensign as Chief Operating Officer

Proterra announced that Josh Ensign has joined its management team as chief operating officer. A military veteran and former executive of Honeywell International and Tesla Motors, Ensign's track record includes leading global operations for 42 factories in 15 countries and managing the supporting supply chains. Ensign will support Proterra's next phase of strategic growth by scaling existing operations at Proterra's Greenville, S.C. facility and bringing its Los Angeles County facility and battery manufacturing operations online in early 2017.

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
January 3, 2017
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