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Proterra

#6184

Rank

$257.05M

Marketcap

US United States

Country

Proterra
Leadership team

Mr. Gareth T. Joyce (Pres, CEO & Director)

Mr. Christopher L. Bailey (Pres of Proterra Powered & Energy Bus. Units)

Ms. Karina Franco Padilla (Chief Financial Officer)

Products/ Services
Automotive, Battery, Energy Storage, Manufacturing
Number of Employees
1,000 - 20,000
Headquarters
Burlingame, California, United States
Established
2004
Company Registration
SEC CIK number: 0001820630
Revenue
100M - 500M
Traded as
PTRA
Social Media
Overview
Location
Summary
Proterra Inc. provides commercial vehicles in the United States, the European Union, Canada, Australia, and Japan. It operates through Proterra Powered and Energy and Proterra Transit business units. The Proterra Powered and Energy business unit designs, develops, manufactures, sells, and integrates battery systems and electrification solutions into vehicles for commercial vehicle OEM customers serving delivery trucks, school buses, coach buses, construction and mining equipment, and other applications. It also provides turnkey fleet-scale, high-power charging solutions and software services, ranging from fleet and energy management software-as-a-service to fleet planning, hardware, infrastructure, installation, utility engagement, and charging optimization. The Proterra Transit business unit designs, develops, manufactures, and sells electric transit buses as an OEM for North American public transit agencies, airports, universities, and other commercial transit fleets. Proterra Inc. was incorporated in 2004 and is headquartered in Burlingame, California.
History

Proterra was founded in Golden, Colorado, by Dale Hill in 2004. Hill had previously founded TransTeq, a Denver, Colorado, bus manufacturing company, as well as Alumatech, a manufacturing company that made aluminum dump trailers. TransTeq was best known for building the fleet of "EcoMark" buses used on the 16th Street Mall in Denver that were series hybrids with batteries charged by a generator connected to a small compressed natural gas fueled engine.Proterra would abandon the CNG technology used by its predecessor TransTeq, to take advantage of Federal Transit Administration 's push for alternative fuels and forms of mobility through such programs as the Clean Fuels Grant Program Bus and Bus Facilities, and the TIGER and TIGGER programs, which excluded CNG buses.A prototype of the company's first product, the EcoRide, was first shown at the 2008 APTA Expo. The battery-electric bus had a composite body and range-extending hydrogen fuel cell auxiliary power unit .:?34? Ultimately, the company decided to abandon the APU by the time the bus went on a tour of several cities in California in 2009. The prototype helped secure an order from Southern California's Foothill Transit, which receive several EcoRide BE35 buses in 2010.In February 2010, Proterra announced that it would move its manufacturing plant from Golden to a location in Greenville, South Carolina just outside of the Clemson University International Center for Automotive Research . In October 2011, the company announced it would consolidate all operations in Greenville, moving management and research teams from Colorado.Ryan Popple, formerly of Tesla Motors, was appointed CEO in 2014. In 2015, Proterra was awarded a $3 million grant from the California Energy Commission to fund the design, development and construction of the company's battery-electric transit bus manufacturing line in the City of Industry, California. Proterra moved its headquarters from Greenville, South Carolina, to Burlingame, California, in October 2015. Popple served as CEO of Proterra until 2020 when board member Jack Allen was appointed CEO and Popple became the Executive Director. Popple continued to work at Proterra until his death in 2021 In January 2021, the company became publicly listed on the Nasdaq after a reverse takeover of a special-purpose acquisition company, ArcLight Clean Transition Corporation.In December of 2021 Gareth Joyce was appointed CEO effective January 1, 2022, while Jack Allen retired from the CEO role but continued to serve on the board.

Mission
With a vision to deliver clean, quiet transportation for all, Proterra makes zero-emission, battery-electric buses that help fleet operators decrease fossil fuel dependency and reduce costs. The company has sold more than 208 vehicles to 27 different transit agencies throughout the U.S. Proterra’s configurable EV platform, battery and charging options make its buses well suited to a wide range of transit and campus routes
Vision
To be the leading supplier of zero-emission mobility solutions focusing on safety, reliability and economic benefits.
Key Team

Mr. Dustin Grace (Chief Technology Officer)

Mr. Aaron Chew (VP of Investor Relations)

Ms. JoAnn C. Covington (Chief Legal Officer, Head of Gov. Relations & Sec.)

Sara Dadyar (Chief People Officer)

Mr. John Walsh (Chief Commercial Officer)

Mr. Julian Soell (Pres of Proterra Transit Bus. Unit)

Mr. Richard W. Huibregtse (Sr. VP of Engineering)

Recognition and Awards
Proterra has been recognized for consistently pushing the boundaries of clean transportation. The company has won several awards for its innovative technology, including the International Council on Clean Transportation’s Green Innovator Award and Technology Company of the Year by the San Diego Business Journal.
References

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Proterra
Leadership team

Mr. Gareth T. Joyce (Pres, CEO & Director)

Mr. Christopher L. Bailey (Pres of Proterra Powered & Energy Bus. Units)

Ms. Karina Franco Padilla (Chief Financial Officer)

Products/ Services
Automotive, Battery, Energy Storage, Manufacturing
Number of Employees
1,000 - 20,000
Headquarters
Burlingame, California, United States
Established
2004
Company Registration
SEC CIK number: 0001820630
Revenue
100M - 500M
Traded as
PTRA
Social Media