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Proterra Raises $140M To Ramp Production, Hiring In Los Angeles County

socalTECH

Electric bus maker Proterra announced this morning that it has raised $140M in an equity funding round, a chunk of which will go towards ramping up initial production in the City of Industry, and hiring "key personnel" in Los Angeles and elsewhere for its electric bus manufacturing. The funding was managed by J.P.

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ReachLocal Up 15 Percent After IPO

socalTECH

The firm, which is headed by Zorik Gordon, was venture backed by VantagePoint Venture Partners, Rho Ventures, Galleon Group, European Founders Fund, and others. The firm's stock was up in its debut despite a down market for the day, with the NASDAQ down -4.11 percent to 2,204.01.