Hennessey drives $23m into Proterra

Nov 23, 2012 • Joanne Faulkner

A division of Hitachi Capital America Corp, Hennessey Capital, has led a $23m Series B round into US-based eco bus company Proterra.

Hennessey Capital has led a $23m Series B into Proterra, a provider of zero-emission commercial transit solutions and the maker of the world’s first battery-electric fast-charge transit bus. Private equity firm NMT Capital also participated as well as existing investors, Kleiner Perkins Caufield & Byers, GM Ventures, Mitsui & Co. Global Investment, Inc., 88 Green Ventures and Vision Ridge Partners.

Rajiv Ghatalia, president of Hennessey, will join Proterra’s Board as an advisor in conjunction with investment . Ghatalia has…

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