Proterra is an industry leader in EV battery systems, delivering high-performance solutions for commercial transit, school buses, heavy-duty trucks, and off-highway equipment. Its technology focuses on safety, durability, thermal management, and scalable energy platforms. Proterra also supports OEMs with engineering expertise, vehicle integration, and aftermarket servicing, enabling manufacturers to accelerate their transition to clean, zero-emission mobility.
What Is Proterra and What Does It Do?
Proterra, founded in 2004 by Dale Hill and Jeff Granato, is a Burlingame-based (United States) electric vehicle and battery technology company.
Proterra employs 1,247 people and Proterra manufactures battery systems for commercial EVs, including buses, industrial machinery, and heavy-duty trucks. Its battery packs feature rugged enclosures, advanced safety layers, and scalable configurations. The company also provides engineering support, vehicle electrification expertise, and servicing solutions to OEM partners seeking reliable zero-emission technologies.
How Much Funding Has Proterra Raised?
- Series H
• Amount Raised: $200M
• Date: October 2020
• Lead Investors: Cowen, Generation Investment Management, Broadscale Group
• Motivation: To expand high-volume battery manufacturing and strengthen commercial EV technology development. - Series G
• Amount Raised: $155M
• Date: September 2018
• Lead Investors: Mercedes-Benz, Tao Capital Partners, G2VP
• Motivation: To scale battery engineering, expand OEM partnerships, and accelerate commercial EV adoption.
Total Funding Raised: $858M
Latest Funding Date: October 2020
Key Investors
- Cowen
• Details: A U.S.-based financial services and investment firm active in advanced mobility and sustainability sectors.
• Investment Focus Areas: Clean energy, EV technologies, transportation.
• Notable Investments: Proterra, Rivian, Fisker. - G2VP
• Details: A venture capital firm spun out of Kleiner Perkins’ Green Growth Fund.
• Investment Focus Areas: Electrification, industrial tech, sustainability.
• Notable Investments: Proterra, Luminar, Arcadia. - Kleiner Perkins
• Details: A leading Silicon Valley venture capital firm backing breakthrough climate and technology companies.
• Investment Focus Areas: Climate tech, mobility, enterprise software.
• Notable Investments: Beyond Meat, Google, ChargePoint.
Where Is Proterra’s Headquarters?
Proterra is headquartered in Burlingame, California, a key innovation hub for clean energy and electrification technologies. The location offers proximity to advanced engineering talent, EV manufacturing partners, and Silicon Valley’s deep clean-tech investment ecosystem.
What’s Next for Proterra?
Proterra aims to scale its battery platform across more commercial vehicle categories while deepening partnerships with global OEMs. The focus remains on improving energy density, lowering cost per kWh, and expanding fleet electrification across transit, freight, and industrial applications. As the global EV market accelerates, Proterra is positioned to support large-scale adoption through durable, safe, and scalable battery systems.
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