In This Issue
Proterra on CBS Evening News
Gore applauds Seneca, SC
Star Metro Signs with Proterra
$15M Line of Credit with SVB
First Year of Revenue Service
Proterra's EcoRide on Jay Leno
LaHood Visits Proterra
June: $30 Million Investment
David Bennett: Our New CEO
Update: Altoona Testing
Tech Talk: Carbon Emissions EV vs. Fossil Fuels
Proterra's EcoRide gets 24MPGe vs. 3-5MPG

 

Proterra's EcoRide bus is nearly 600% more efficient than competitors. Isn't it time you climbed aboard?

Proterra on CBS Evening News

 

Proterra was featured Friday, November 11, 2011 on CBS Evening News. Investigative Reporter Anna Werner visited Proterra during a visit to South Carolina to report on its "SmartState Initiative." (Watch the video)  

SmartState supports research in areas that will help companies grow, attract new business to the state, build a technology-rich economy, and create more opportunities for South Carolina residents.

Click here to read more... 

Al Gore Applauds Seneca for Choosing Proterra

 

Upon receiving a $4.1million TIGGER grant from the FTA, the City of Seneca named Proterra as the intended manufacturer of its future fleet of zero-emission, battery electric vehicles. In a letter to Seneca officials, Al Gore congratulated them on a choice that will have both a positive impact the environmental as well as U.S. job creation. Click here to read more...  

StarMetro Signs Contract to Purchase Proterra Buses

 

Proterra has signed an agreement with StarMetro, the transit provider in Tallahassee, Fla., to deliver three new EcoRide zero-emission transit buses and a charging station. The contract stems from a Federal Transit Administration (FTA) grant received by StarMetro to pursue fast-charge, electric transit buses and charging stations. Click here to read more... 

Proterra Secures $15M Line of Credit from 

 

In October 2011, Proterra secured $15M in working and growth capital financing from Silicon Valley Bank, financial partner to technology, cleantech and life science companies of all sizes.

   


Proterra will use the new funds to help finance existing orders and new sales, and it will help extend financial runway to Proterra's next round of venture capital financing.
Click here to read more...
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Happy Holidays from Proterra! - In an effort to keep you updated on the exciting events at Proterra, we're introducing a NEW Quarterly Newsletter. We hope you enjoy and look forward to your feedback! 
Proterra's EcoRide Completes First Year of Revenue Service at Foothill Transit

 Foothill Transit Ecoliner

In September 2010, Proterra delivered the world's first fast charge battery electric bus to Foothill Transit in Pomona, California. The launch event was attended by Congressman David Dreier, Congresswoman Grace Napolitano and FTA Deputy Administrator Therese McMillan.

 

Since the launch, these Ecoliner buses (Foothill Transit's name for the EcoRide) have been in revenue service - accumulating thousands of miles. Beginning in October of this year, the buses entered into a 15-hour service day, logging 160 miles per day.  

 

Click here to learn more about Foothill Transit 

Look who's talking about Proterra in 2011...
Proterra's EcoRide Featured on Jay Leno's Garage

The Proterra EcoRide fast charge, battery electric bus was featured on the  Jay Leno's Garage website. Leno visited with George Karbowski at     Foothill Transit in Pomona, Calif., where Proterra's buses have been in service since late last year. In the video, Leno takes the Ecoliner (Foothill Transit's name for the EcoRide) for a spin and discusses the future of public transit with Karbowski. Click here for more..
U.S. Sec. of Transportation Ray LaHood Visits Proterra

FTA Administrator Peter Rogoff and Ray LaHood visited Pro
terra in January 2011 ( watch the USDOT video). According to LaHood, "I don't think you could find a better demonstration of the American innovation President Obama invoked in his State of the Union address Tuesday night. When the President said that America's small business need to out-innovate, out-educate, and out-build their competition, he must have had Proterra in mind." Click here for more...
June 2011: $30 Million Investment

 

On June 13, Proterra

announced a $30 million investment to accelerate the commercialization of its world-leading, fast charge battery electric transit buses and its automated bus charging system.  

 

The investment is led by leading Silicon Valley venture firm Kleiner Perkins Caufield & Byers (KPCB), and also includes General Motors Ventures, Mitsui & Co. Global Investment, Inc., Vision Ridge Partners and 88 Green Ventures, LLC. Click here to read more... 

David Bennett: Proterra's New CEO 

 

"Zero-emission transit solutions, like the EcoRide, are receiving more and more attention as transit agencies across the country are looking for ways to lower operating costs. Proterra is poised to deliver unprecedented efficiency in the commercial transit arena, and I am thrilled to take leadership at a time like this" said Bennett. Proterra announced Bennett's appointment as chief executive officer at this year's 2011 APTA EXPO.  

 

Bennett brings significant experience in the power unit and vehicle industry, serving most recently as vice president of business development for the industrial sector for Eaton. Click here to read more...  

EcoRide Undergoes Altoona Testing

 

Proterra's EcoRide battery-powered bus is currently undergoing testing against strict federal standards for safety, durability and energy efficiency at the Altoona Bus Research and Testing Center at Penn State University. As of December, we are approximately 2/3 of the way through testing and things are going very well. Stay tuned for updates in future newsletters.

 Tech Talk: Carbon Emissions - EV vs. CNG, Diesel & Hybrid
 
Since 1999, diesel costs have increased 150%, compared to 38% for electricity. The fuel mix for electrical power in the U.S. can change depending on supply and price fluctuations; therefore, electricity's ability to substitute different fuel sources allows for increased reliability. Electricity is also more fuel efficient than diesel and creates a notably lower carbon footprint (even when compared to CNG).

 

The Proterra EcoRide™ is the most fuel-efficient bus on the road and offers the lowest carbon footprint of any bus on the road.

  • $750,000 in fuel savings vs. diesel over 16-year life cycle
  • 44% less carbon than CNG
  • 87,000 lb carbon savings annually vs. CNG
  • Eliminates volatility of fossil fuel prices

Click here for more information 

We hope you enjoyed the first edition of "The EcoRider" - Proterra's Quarterly Newsletter.  If you'd like to learn more, please visit our website at www.proterra.com.  Connect with us on Facebook, Twitter and LinkedIn to stay current on all things Proterra!

Happy Holidays,

David Bennett
Chief Executive Officer