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Electric bus maker Proterra nabs over $30 mln

Proterra has received more than $30 million in funding. Kleiner Perkins and GM Ventures led the round with participation from Tao Invest, Vision Ridge Partners and Hennessey Capital. The company expects an additional capital infusion of $10 million within the coming weeks. In addition to the funding, Michael Smith, vice president of Constellation and head of Constellation Technology Ventures, has been appointed to Proterra’s board. Based in Greenville, South Carolina, Proterra is a maker of electric buses.

Proterra Raises $23M From Hennessey, Kleiner, GM, Others

Proterra Inc. said it raised $23 million of Series B financing in a round led by Hennessey Capital and joined by existing investors Kleiner Perkins Caufield & Byers, GM Ventures, Mitsui & Co. Global Investment, Inc., 88 Green Ventures and Vision Ridge Partners. Rajiv Ghatalia, founder of Hennessey Capital, will join the board of the electric bus maker as an advisor.

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