The electric bus producer added new strategic partner Daimler to its stable of corporate investors as it boosted its overall financing to $565m.
Automotive manufacturer Daimler co-led a $155m round for US-based electric bus manufacturer Proterra yesterday with family office Tao Capital Partners.
The round also featured venture capital firm G2VP and undisclosed additional investors. It increased the debt and equity financing raised by Proterra to $565m since it was founded in 2004.
Proterra designs and produces electric buses capable of running for a full day on a single charge. It has so far sold 675 vehicles to transit operators in the US…
