Proterra logo — Building innovative battery technologies to power a better,...

Proterra

Building innovative battery technologies to power a better, more sustainable world.

Founded 2004 United States Burlingame, United States 549 employees Post-IPO Equity Total: $904.11M Energy, Manufacturing

General Information

Company Name Proterra
Founded Year 2004
Location United States Burlingame, United States
Founders / Decision Makers
Team member
Employees 549
Industries Energy, Manufacturing
Funding Stage Post-IPO Equity
Social

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About Proterra

Proterra is a company that is focused on developing innovative battery technologies to drive a more sustainable world. Established in 2004 and headquartered in the United States, Proterra is making significant strides in the Energy and Manufacturing sectors. The company is dedicated to transforming transportation through cutting-edge technology to foster a more sustainable future. Proterra has gained recognition for delivering high-performance battery solutions that cater to the demands of today's rigorous conditions and are instrumental in shaping the future of zero-emission vehicles. With over 2,000 commercial vehicles on the road and more than 40 million service miles powered, Proterra has proven itself to be a reliable and innovative player in the industry. The company collaborates with its customers to provide tailor-made, fully integrated systems supported by expert insight and long-term support. Their commitment to quality, safety, and innovation is showcased in every battery they produce. Moreover, Proterra's recent milestone of securing a $415.00M Post-IPO Equity investment on 15 June 2021 from an impressive list of investors such as 40 North Ventures, BlackRock, Franklin Templeton Venture Capital, Fidelity, Neuberger Berman Group, G2 Venture Partners, Daimler Trucks North America, and Chamath Palihapitiya speaks volumes about their growth potential and industry recognition. With their unwavering commitment to driving the shift towards a safe and sustainable future, Proterra is positioning itself as a promising investment opportunity in the sustainable transportation and battery technology sectors.

Taxonomy: Battery Technology, Zero-Emission Vehicles, Clean Transportation, Commercial Electric Vehicles, Electric Vehicle Range, Battery Solutions, Integrated Systems, Battery Manufacturing, Sustainable Transportation, Industrial Batteries

Services & Products

Design and manufacturing of advanced battery solutions for electric vehicles and transportation electrification

Target Customers

Transportation and equipment manufacturers transitioning to zero-emission vehicles including heavy-duty truck manufacturers commercial transit operators school bus companies off-highway equipment providers specialty vehicle manufacturers and medium-duty vehicle OEMs

Funding Rounds & Investors (12)

View All
Funding Stage Amount Investors Lead Investors Date
Post IPO Equity $415.00M 8
40 North Ventures, BlackRock +6
15 Jun 2021
Convertible Note $200.00M 4
Generation Investment Management, Soros Fund Management +2
15 Oct 2020
Secondary Market Undisclosed 1
40 North Ventures
30 Jul 2020
Series H $86.90M 2
Tao Capital Partners, Mercedes-Benz Group AG
01 Oct 2019
Seed Round Undisclosed -
05 Jul 2015
Series D $55.00M 3
Ulu Ventures, Hercules Capital +1
30 Jun 2015
Debt Financing $25.00M 1
Hercules Capital
30 Jun 2015
Grant $3.00M 1
California Energy Commission
08 Apr 2015
Series C $34.21M 7
Kleiner Perkins, Tao Capital Partners +5
08 Jan 2014
Series C $35.00M 4
VentureSouth, Tao Capital Partners +2
12 Dec 2013

View All 12 Funding Rounds

Proterra Alternatives & Competitors

View All Alternatives
Proterra vs

Designed with purpose. Proven on the road.

Convertible Note
103 employees
Energy, Manufacturing
Proterra vs
ADVANO
ADVANO United States

Powering people’s lives with advanced battery technology

Series A
6 employees
Energy, Manufacturing
Proterra vs
A123 Systems
A123 Systems United States

Worldwide leader in complete lithium-ion energy storage solutions

Post-IPO Equity
586 employees
Energy, Manufacturing

FAQ About Proterra

Building innovative battery technologies to power a better, more sustainable world.
Proterra was founded in 2004.
Proterra is headquartered in Burlingame, United States.
Proterra operates in Energy and Manufacturing. Its work centres on Battery Technology, Zero-Emission Vehicles, Clean Transportation and Commercial Electric Vehicles. Its customers include Transportation and equipment manufacturers transitioning to zero-emission vehicles, including heavy-duty truck manufacturers and commercial transit operators.
Proterra has approximately 549 employees.
Proterra has completed 12 funding rounds, raising a total of $904.11M. The latest funding stage is Post-IPO Equity.
Proterra offers: Design and manufacturing of advanced battery solutions for electric vehicles and transportation electrification.
Top alternatives and competitors to Proterra include Motiv Electric Trucks, ADVANO, A123 Systems, AESC, Enevate Corporation. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Proterra and Motiv Electric Trucks are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Proterra, https://bouncewatch.com/company/proterra-inc, updated 13 June 2025. When citing, please name BounceWatch and link this page.

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