Manufacturing

Proterra Raises $140 Million In Series 5 Funding Round For Production Boost

The heavy-duty electric bus firm Proterra recently secured $140 million in new funding through a recent Series 5 funding round. These new funds, which were raised in partnership with the financial industry giant JP Morgan, will reportedly be used for the “dramatic” acceleration of production capacity on both coasts of the US, as well as the continuing development of next-gen electric vehicle offerings.