Proterra was founded in 2004 by Dale Hill. In July 2019, Reuters reported that the company had “hired investment banks to prepare for an initial public offering (IPO), according to people familiar with the matter” and adding that “the timing of the IPO depended on market conditions.” These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Proterra designs and manufactures zero-emission transit busses. The company has raised approximately $520 million in Venture Capital funding from investors including BMW iVentures, G2VP, Hercules Capital, Tao Capital Partners, GM Ventures, Kleiner Perkins, and Franklin Templeton Investments. Per company press releases, Proterra last raised $155 million in September 2018 at a post-money valuation of $855 million.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
08/02/2019 | Series 8 | $86.87MM | $xx.xx | $1.08B | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
12,576,907
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|
||||||
09/19/2018 | Series 7 | $155MM | $xx.xx | $861.99MM | Conducive Ventures, Daimler, Elemental Excelerator, Franklin Templeton Investments, G2vp, Gm Ventures, Tao Capital Partners | |
Price per Share
$xx.xx
Shares Outstanding
23,749,620
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Conducive Ventures, Daimler, Elemental Excelerator, Franklin Templeton Investments, G2vp, Gm Ventures, Tao Capital Partners
|
||||||
06/13/2017 | Series 6 | $55MM | $xx.xx | $574.85MM | Bmw I Ventures, Generation Investment Management | |
Price per Share
$xx.xx
Shares Outstanding
9,928,041
Liquidation Pref Order
3
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Bmw I Ventures, Generation Investment Management
|
||||||
01/03/2017 | Series 5 | $142.99MM | $xx.xx | $461.98MM | 88 Green Ventures, Constellation Technology Ventures, Edison Energy, Gm Ventures, Kleiner Perkins, Obvious Ventures, Tao Capital Partners, Ulu Ventures | |
Price per Share
$xx.xx
Shares Outstanding
28,391,526
Liquidation Pref Order
3
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
88 Green Ventures, Constellation Technology Ventures, Edison Energy, Gm Ventures, Kleiner Perkins, Obvious Ventures, Tao Capital Partners, Ulu Ventures
|
||||||
06/17/2015 | Series 4 | $31.65MM | $xx.xx | $138.5MM | General Motor Ventures, Hercules Capital, Kleiner Perkins Caufield & Byers, Tao Invest | |
Price per Share
$xx.xx
Shares Outstanding
9,159,674
Liquidation Pref Order
4
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
General Motor Ventures, Hercules Capital, Kleiner Perkins Caufield & Byers, Tao Invest
|
||||||
10/04/2013 | Series 3 | $36.48MM | $xx.xx | $182.75MM | 88 Green Ventures, Edison Energy, Gm Ventures, Hennessey Capital, Kleiner Perkins Caufield & Byers, Mitsui Global Investment, Vision Ridge Partners | |
Price per Share
$xx.xx
Shares Outstanding
7,617,704
Liquidation Pref Order
4
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
88 Green Ventures, Edison Energy, Gm Ventures, Hennessey Capital, Kleiner Perkins Caufield & Byers, Mitsui Global Investment, Vision Ridge Partners
|
||||||
11/05/2012 | Series 2 | $24.95MM | $xx.xx | $104.5MM | 88 Green Ventures, Gm Ventures, Hennessey Capital, Kleiner Perkins Caufield & Byers, Mitsui Global Investment, Vision Ridge Partners | |
Price per Share
$xx.xx
Shares Outstanding
6,069,073
Liquidation Pref Order
4
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
88 Green Ventures, Gm Ventures, Hennessey Capital, Kleiner Perkins Caufield & Byers, Mitsui Global Investment, Vision Ridge Partners
|
||||||
06/09/2011 | Series 1 | $75.26MM | $xx.xx | $34.5MM | 88 Green Ventures, Gm Ventures, Kleiner Perkins Caufield & Byers, Mitsui Global Investment, Vision Ridge Partners | |
Price per Share
$xx.xx
Shares Outstanding
27,567,694
Liquidation Pref Order
4
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
88 Green Ventures, Gm Ventures, Kleiner Perkins Caufield & Byers, Mitsui Global Investment, Vision Ridge Partners
|