Electric bus maker Proterra completes $55M strategic financing
Green Car Congress
JUNE 30, 2015
Battery-eletcric bus manufacturer Proterra has completed a $55M strategic financing. In conjunction with the equity financing, Proterra completed a debt financing in an amount up to $25 million with Hercules Technology Growth Capital. In addition, the Hercules debt facility expands Proterra’s access to working capital, a critical component of growth financing as production volume increases.