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Proterra


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  • 5 months later...

From greenvilleonline.com:

Electric bus maker Proterra Inc. has received $30 million in new funding from five companies, including the venture capital arm of General Motors and a well-known Silicon Valley venture capital firm whose partners include former Vice President Al Gore.

Official news release: http://www.prnewswir...-123755349.html Good article from Fortune: http://finance.fortune.cnn.com/2011/06/13/gm-helps-electrify-city-buses/

Edited by citylife
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From greenvilleonline.com:

Electric bus maker Proterra Inc. has received $30 million in new funding from five companies, including the venture capital arm of General Motors and a well-known Silicon Valley venture capital firm whose partners include former Vice President Al Gore.

Official news release: http://www.prnewswir...-123755349.html Good article from Fortune: http://finance.fortune.cnn.com/2011/06/13/gm-helps-electrify-city-buses/

That's great to see! :thumbsup:

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  • 4 months later...
  • 4 weeks later...

The Greenville News is reporting that Seneca is expected to buy Proterra buses! It will be the first SC city to put the electric vehicles to service! Let's keep the orders coming and keep this Greenville Head Quartered business growing!

I had no idea that Seneca had transit service? Does it act as a shuttle into Clemson?

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  • 3 months later...

Any news lately from Proterra? From what I hear, we have a future Solyndra on our hands.

From earlier this month: http://news.yahoo.co...s-28249113.html

From that news video: 11th bus will be produced this year. CAT looking at buying four Proterra buses. Funding has been secured for all of 2012. Company which was in the prototype phase for a while is now in the process of moving to full on production mode.

Edited by citylife
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Any news lately from Proterra? From what I hear, we have a future Solyndra on our hands.

To say it would be a future Solyndra is plain wrong. Proterra's ratio of private to public funding is much higher than Solyndra's. In other words most money for Proterra is private, not governmental. No, they will not be falling into bankruptcy court anytime soon.

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To say it would be a future Solyndra is plain wrong. Proterra's ratio of private to public funding is much higher than Solyndra's. In other words most money for Proterra is private, not governmental. No, they will not be falling into bankruptcy court anytime soon.

Facts to back up your assertion are always welcome. Word around town doesn't match up with your post.

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Same to you.

Spreading negative rumors doesn't help the situation, regardless if they are true or not. They can become self-fulfilling. Do you want this company to fail?

My initial post said "from what I hear". I'm looking for facts that the company will survive and the rumors are wrong. I would think Scgubers has facts as his post is so definite that they are not going under. Word on the street says otherwise. Do you have facts Vic?

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I don't have inside knowledge beyond what is in the media and in this forum, which is much more credible than heresay. I've heard Elvis is still alive, that doesn't make it worth repeating. You can inquire on their situation, without broadcasting a negative rumor.

If by any chance 'word on the street ' is WORD radio, then don't pay it any attention.

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Facts to back up your assertion are always welcome. Word around town doesn't match up with your post.

How about this. Word around town is that Proterra will have plenty of funding through the end of the year. That better? Because now our statements are equivalent. Anyways I mostly was focusing on your bad metaphor. The only similarity between Solyndra and Proterra is that they were both energy companies. Nothing else really.

Also, a company about to fail would not be looking to hire this many new employees. http://www.proterra....p/about/careers

And here is an article about Proterra funding. (unlike Solyndra, it is not from the government) http://venturebeat.c...er-perkins-30m/

And here is more about the funding they have received in . . . October. http://www.capital-private-equity.com/2011/10/26/proterra-lands-a-fresh-15m-from-silicon-valley-banking/

Edited by scgubers
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How about this. Word around town is that Proterra will have plenty of funding through the end of the year.

I don't have any inside info on funding, but if they continue to meet their design goals, customers will be beating down their doors for the product, if they aren't already. Unlike the Chevy Volt, which is optimal for only a select audience, for those cities who can afford to start adding the new buses, payback is quick, as well as less downtime because of better maintenance, and quiet operation.

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According to Greenville news, Proterra has told the state that it will hire 900 fewer workers than originally planned and cancel planned construction of a new plant at CU-ICAR. The company will remain in its current facility. Meanwhile, Proterra founder Dale Hill was a plenary keynote speaker on Tuesday at the inaugural IEEE Electric Vehicle Conference being held here in Greenville.

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According to Greenville news, Proterra has told the state that it will hire 900 fewer workers than originally planned and cancel planned construction of a new plant at CU-ICAR. The company will remain in its current facility. Meanwhile, Proterra founder Dale Hill was a plenary keynote speaker on Tuesday at the inaugural IEEE Electric Vehicle Conference being held here in Greenville.

Well, that's one less empty facility by them choosing to invest in their current building. I hate that their expansion plans have been scaled back, but I'd rather them be MORE healthy than shuttered.

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According to Greenville news, Proterra has told the state that it will hire 900 fewer workers than originally planned and cancel planned construction of a new plant at CU-ICAR. The company will remain in its current facility. Meanwhile, Proterra founder Dale Hill was a plenary keynote speaker on Tuesday at the inaugural IEEE Electric Vehicle Conference being held here in Greenville.

Interesting.......the story seems to be unfolding per my " Solyndra" post above. But of course I wouldn't have a clue. My contacts are all wrong. They don't know anything.

I hope to God that Proterra makes it, but brace for one guys......a big one......it won't be pretty......

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  • 4 weeks later...

More bad news soon to trickle out. Apparently, "people" are working on a way to spin it........ Take a deep breath........

Yep...more "bad" news: http://www.gsabusiness.com/news/43194-proterra-hires-sales-marketing-vp?rss=0 :whistling: They're on a hiring spree right now also: http://www.proterra.com/index.php/about/careers

Edited by citylife
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