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Innovation

Proterra lands $30 million for zero-emission buses

Transportation startup Proterra has received $30 million -- $6 million from GM Ventures alone -- for further technology development for its zero-emission buses.
Written by Andrew Nusca, Contributor on

Commercial bus startup Proterra on Monday announced that it has received $30 million -- $6 million from General Motors Ventures alone -- for further technology development for its zero-emission buses.

The Golden, Colo.-based company also counted venture capital firms Kleiner Perkins Caufield & Byers, Mitsui & Co., Vision Ridge Partners and 88 Green Ventures among its investors.

Proterra says its EcoRide BE-35 battery electric bus can average up to 24 miles per gallon diesel equivalent -- a conventional diesel bus manages anywhere from 3 to 10 mpg -- and recharge in about 10 minutes thanks to 23 modules' worth of 54 to 72 kWh lithium titanate battery packs.

It has a range of 40 miles, about what you'd look for in a city bus scenario.

Three EcoRide buses are currently in a test fleet near Pomona, Calif. New buses and charging stations are also coming to San Antonio and Tallahassee, Fla., this year; the investment will help the company complete federal validation testing of its bus, Proterra says.

It will also help the seven-year-old company increase volume production at its temporary manufacturing plant in Greenville, S.C. to a capacity of 400 buses a year.

This post was originally published on Smartplanet.com

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