Proterra Secures $23 Million in Series B Financing

On November 26, 2012, electrical bus manufacturer Proterra announced that it has raised $23 million in Series B financing to accelerate deployment of its EcoRide quick-charge transit bus. Wilson Sonsini Goodrich & Rosati represented Proterra in connection with the transaction.

The funding round was led by new investor Hennessey Capital and also included NMT Capital and existing investors Kleiner Perkins Caufield & Byers, GM Ventures, Mitsui & Co. Global Investment, Inc., 88 Green Ventures, and Vision Ridge Partners.

The WSGR team that provided representation to Proterra in the financing included Bob O'Connor, Jonathan Axelrad, David Glazer, Wendra Liang, and Beth Orso.

For more information, please see this article on Proterra's website.