SAN BRUNO, Calif., Aug. 18, 2015 /PRNewswire/ -- Proterra Inc., the leading provider of zero-emission battery-electric buses, today announced that it has been named to the 2015 Inc. 500 list, an exclusive ranking of the nation's fastest-growing private companies. Ranked number 425, Proterra has been recognized for a 1,119% growth in the last three years, adding 108 jobs, and establishing itself as North America's electric bus leader with over 70 percent of the U.S. battery-electric transit bus market.
This award speaks to the mounting demand for Proterra Catalyst™ zero-emission electric buses. Just in the last year the company has announced: national expansion plans that include doubling production with the addition of a West Coast manufacturing line, $55 million in strategic financing, the company's largest bus order to date by four-time returning customer Foothill Transit, breaking four performance records at the Altoona Bus Research and Testing Center, and a number of other customer orders. Proterra's firm orders are now 110 units, with 323 options contracted, for a total of 433.
"We are honored to be named to the Inc. 500 list of fastest growing companies," said Ryan Popple, CEO of Proterra. "To be recognized by Inc. underscores the momentum we are seeing for zero-emission mass transit. With public transit agencies coast-to-coast driving demand for electric vehicles, our focus during this next phase of growth is to get our new California manufacturing line up and running to service this industry's increasing appetite for Proterra zero-emission electric buses."
The 2015 Inc. 500|5000 ranks companies according to percentage revenue growth from 2011 to 2014. To qualify, companies must have been founded and generated revenue by March 31, 2011, and have revenue no less than $2 million in 2014. Additionally, companies have to be U.S.-based, privately held, for profit, and independent. 2015 Inc. 500|5000 winners will be honored at the Annual Inc. 500|5000 Conference and Awards Ceremony on October 21-23, 2015 in Orlando, Florida. To see the full list of winners, please visit: http://www.inc.com/inc5000/list/2015/
Proterra is a leader in the design and manufacture of zero-emission vehicles that enable bus fleet operators to significantly reduce operating costs while delivering clean, quiet transportation to the community. Proterra has sold over 100 vehicles to 14 different transit agencies throughout North America. Proterra's configurable EV platform, battery and charging options make its buses well suited for a wide range of transit and campus routes. With unmatched durability and energy efficiency based on rigorous U.S. certification testing, Proterra products are proudly designed, engineered and manufactured in America, with offices in South Carolina and Silicon Valley. For more information visit: http://www.proterra.com/ and follow us on Twitter @Proterra_Inc.
SOURCE Proterra Inc.