Proterra Closes $155 Million Financing Round Led By Daimler & Tao Capital
Proterra is kicking things up a notch with the announcement that it has closed a massive $155 million financing round, led by Daimler, Tao Capital Partners, and G2VP.
Proterra is kicking things up a notch with the announcement that it has closed a massive $155 million financing round, led by Daimler, Tao Capital Partners, and G2VP.
I enjoyed a ride on the New Flyer XcelsiorÆ electric bus thanks to the Sierra Club a couple of years ago. The Pinellas Suncoast Transit Authority was collaborating with the Sierra Club on demos of future bus investments. The benefits of 100% electric transit are varied — they significantly limit toxic fumes and dirty particulates, the reduces headaches and asthma as a result, they’re quieter and comfier thanks to the smooth electric powertrain, and they eliminate reliance on expensive gasoline and diesel fuel.
Proterra announced that the Edmonton Transit Service has locked in a contract for 25 of Proterra’s 40-foot Catalyst E2 max fully electric buses. The new buses will replace 25 aging diesel buses in what represents a celebration-worthy win for electric buses, clean air, and the people of the Edmonton, Canada.
BNEF says 4 million EVs have now been sold worldwide and the pace of sales is increasing. It expects the 5 million EV level to occur in just the next 6 months.
Volvo Buses has announced a few new electric bus contracts, for a total of 23 electric buses. The electric bus in demand is the Volvo 7900. It will be going to the Dutch public transportation company Arriva and to Sweden for another order.
BYD has received an order for 24 electric buses for the province of Södermanland’s public transit operator, Nobina.
BYD has made progress in electrifying the east coast of the United States with a delivery of 5 electric buses to Martha’s Vineyard Transit Authority.
China-based new energy company and electric vehicle titan BYD has inked its largest bus deal in its history in the Americas with a new deal for 100 fully electric BYD buses in Santiago, Chile. The new buses will go into operation in November of this year, when BYD hands them over to transit operator Transantiago.
The Polish government has adopted a new law on electromobility aimed at turning Poland into an e-mobility leader in Europe. The country wants to have 1 million EVs on the road by 2025 (download position paper here). Already home to electric bus manufacturing plants and a big EV battery plant, Poland is set to become the motor for electrifying transport in Europe. “We are really pioneers,” says Marta Gajęcka, Head of Energy Advisors to the President of the Republic of Poland, in an exclusive interview with Energy Post.
A recent LA Times article tore into new energy company BYD’s deployed battery electric buses, continuing a trend of screaming about the house being on fire when it’s really just dad out back lighting the barbecue. Looking back in time, the same unfortunate trend of sensationalizing early problems with new technologies can be seen in its coverage of the early issues with 120 CNG buses that LA MTA had to pull when CNG bus technology was going through the growing pains of a new technology.