INNOVATION

Electric bus company proterra raises 140M $

Imagine a bus travelling from Hyderabad – Bangalore in one single charge with Zero emission, Sounds cool right. Proterra  a Canadian electric buss travels amazing 480 Kilometers with a single charge.

Electric vehicle are the future, Proterra has been in stealth mode for last 12 years to develop this technology and recently landed a heavy investment of 14m Million USD from Tao Capital Partners, Kleiner Perkins Caufield & Byers, GM Ventures, Constellation Technology Ventures, Obvious Ventures, 88 Green Ventures, Edison Energy, and Middle East Venture Partners.

This bus aims to reduce green house emission and protect environment. These kind of innovations are very important for Indian market as all the major cities are now reeling under pollution. Especially cities like Delhi, Bangalore and Mumbai have pollution levels exceeding beyond human acceptance levels.   Not just environment electric buses are said to be quite economical when it comes to maintenance.

Proterra currently targets US and Canada as main markets and soon may expand to other countries. Hope to seen them soon in India.

 

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Electric bus company proterra raises 140M $
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