Proterra raises another $55 million

By June 19, 2017News

Proterra said it has raised another $55 million from investors and will spend part of the money improving its Greenville factory.

The California-based maker of battery-powered transit buses said its latest funding round was led by Generation Investment Management LLP, a London-based firm chaired by former U.S. Vice President Al Gore that invests in “sustainable companies.”

BMW’s venture capital arm, BMW i Ventures, also contributed, Proterra said.

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