Proterra Inc., a leading provider of zero-emission battery electric transit solutions, was recently named to the Global Cleantech 100 list, which highlights the promise of private clean technology companies from around the world. Proterra is the only bus manufacturer to make the 2013 list.
“Being named to the Global Cleantech 100 is indicative of Proterra’s commitment to innovative, clean technology,” said Garrett Mikita, president and chief executive officer of Proterra Inc. “We are honored to be considered among the companies the industry believes will make the most significant market impact over the next 10 years.”
Proterra is currently the only battery-electric bus in revenue service anywhere in the United States, with operations in 7 cities. Additionally, Proterra has recently announced several new sales, with three recent orders to transit systems coming from repeat customers—a major vote of confidence in the company’s technology and the buses’ performance.
“As the only bus manufacturer on this prestigious list, Proterra demonstrates its leadership in the clean transportation space,” said Rajiv Ghatalia, president of Hennessey Capital Management LLC, a leading venture capital firm and Proterra investor. “They are changing the mass transit industry—helping agencies address pressing transportation, environmental and financial challenges with zero-emission commercial transit solutions.”
Cleantech Group, presenters of the award, defines cleantech as “products, services and processes that are inherently designed to provide superior performance at lower costs, greatly reduce or eliminate negative ecological impact and improve the productive and responsible use of natural resources.” Any company that is not listed on any major stock exchange, or is not a majority-owned subsidiary of another company, can qualify for the list, which now in its fifth year. The 100 honorees were narrowed down from 5,864 companies by an expert panel of 90 investors and corporations with consideration to innovation, market and ability to execute.