GM Ventures Invests in Proterra Electric Busses

General Motors Ventures LLC has announced it will invest $6 million in Proterra, a leading maker of zero-emission commercial transit buses. Proterra’s EcoRide BE-35 battery electric bus is averaging up to 24 mpg (diesel equivalent) in service, a six-fold improvement over a typical diesel bus. Using technology developed by the bus manufacturer, the lightweight composite-body bus recharges in about 10 minutes.

“This equity investment further demonstrates GM’s commitment to electric propulsion and supports our commitment to identify and invest in technology solutions that help advance the global transportation industry,” said Jon Lauckner, president of GM Ventures. “While this investment will help Proterra commercialize its electric bus and fast-charging technology, it also helps to address the future challenges of urban mobility.”

Three EcoRide BE-35 buses are currently in a test fleet near Pomona, California, with additional buses to be added. Additional busses in Texas and Florida will allows the company to complete federal validation testing of its bus, roll out additional pilot fleets and complete initiatives to significantly reduce costs and increase volume production at its manufacturing plant, which will have the capacity to produce 400 buses annually.

With up to a 40 miles of range for the under 10-minute fast charge application, the EcoRide BE-35 can easily replace 80 percent of diesel buses in typical transit and shuttle use without altering schedules or passenger service. The EcoRide can also be configured for longer ranges while charging at a central location.

“With the support of GM’s automotive expertise and technology leadership, we can achieve a better, cleaner future for public transportation,” said Jeff Granato, president of Proterra. “We are proud to have General Motors on board.”