Proterra Inc. provides commercial vehicles in the United States, the European Union, Canada, Australia, and Japan. It operates through Proterra Powered and Energy and Proterra Transit business units. The Proterra Powered and Energy business unit designs, develops, manufactures, sells, and integrates battery systems and electrification solutions into vehicles for commercial vehicle OEM customers serving delivery trucks, school buses, coach buses, construction and mining equipment, and other applications. It also provides turnkey fleet-scale, high-power charging solutions and software services, ranging from fleet and energy management software-as-a-service to fleet planning, hardware, infrastructure, installation, utility engagement, and charging optimization. The Proterra Transit business unit designs, develops, manufactures, and sells electric transit buses as an OEM for North American public transit agencies, airports, universities, and other commercial transit fleets. Proterra Inc. was incorporated in 2004 and is headquartered in Burlingame, California.

Proterra Inc.

A self-described pioneer in innovative battery technology dedicated to powering a more sustainable future.

Proterra

Communities are growing and evolving, and our commercial and industrial needs are changing. Now more than ever, we need safe, reliable, and clean options. Manufacturers can now partner with electrification experts at Proterra to electrify their medium- and heavy-duty commercial vehicles and industrial equipment.   

Proterra battery technology is already powering commercial vehicles and equipment from world-class manufacturers, helping operators reduce emissions while lowering operating costs. Designed in Silicon Valley and manufactured in Greer, South Carolina, by the best minds in battery engineering, Proterra battery systems are safe, reliable, and efficient. 

Proterra is open for business and our premium battery technology is electrifying commercial vehicles throughout the industry! 

Learn more about how Proterra is powering a more sustainable future on our July 23 webinar "Get to Know Proterra" with Claire McConnell, Chief Business Officer, and Kevin Anderson, Chief Technology Officer. 

Sign up here: https://lnkd.in/gR5Fd8-8

Meet Sophie Palmer (and Otis), Mechanical Design Engineer at Proterra!

Tell us about you background and where did you grow up? 

I was born and spent a significant part of my childhood in Germany, before moving outside of Boston where my mom's family is from. I studied mechanical engineering (modified with studio art!) at Dartmouth College in Hanover, NH where I quickly learned how much I love the challenge of building technical skills while also taking courses in studio art and the liberal arts. This mix of humanities to understand the global needs of our generation and technical problem solving felt like a really great foundation moving into my first job!

What do you enjoy most about your role at Proterra?

Ever since I started at Proterra, I've felt extremely grateful for the freedom and responsibility my team gives me. As a mechanical design engineer, I get to make a tangible impact on not only our product, but also the clean transportation industry.

What motivated you to join the clean transportation industry?

I originally joined Proterra as an avid public transportation fan. Growing up in Germany, I learned to use public transit over car travel and as an adult learned to appreciate its power to reduce pollution. Electrification of public transit and the heavy duty industry is another critical step towards reducing the damage of today's climate crisis.

The transportation sector is a major contributor to global GHG (greenhouse gas) emissions, with medium and heavy-duty vehicles playing a significant role. As efforts to reduce carbon footprints increase, electrifying these vehicles becomes crucial. 
 
Proterra is committed to powering the shift to electric by building innovative battery technology tailored for commercial applications. 
 
Read more in the article below ⬇️

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Looking to learn more about Proterra? Join our webinar "Get to Know Proterra" on July 23: https://lnkd.in/gR5Fd8-8

#PoweredbyProterra #Electrification #Battery #CleanTechnology #Emobility #ZeroEmissions

Wishing everyone a happy and safe Fourth of July!

📍 Proterra's Battery Manufacturing Facility in Greer, South Carolina

Proterra is powering the shift to zero-emission ports!

This week, our team had the honor of joining our partners Taylor Machine Works, Inc. at the Port of Los Angeles Yusen Terminals LLC in celebrating the first commercial battery-electric container handlers put into operation in the United States.

Powered by Proterra battery technology, these Taylor Machine Works, Inc. battery-electric machines will replace five diesel-fueled container handlers at the Port of Los Angeles - cutting air pollution in the region while aligning with the Port's goal of moving all cargo handling equipment on its terminals to zero emissions by 2030.

Learn more from our partners Taylor Machine Works, Inc. about this major milestone here: https://lnkd.in/gft6JJZG

Behind our cutting-edge battery technology stands our world-class design and test engineering teams.

Discover how their collaboration ensures Proterra battery technology achieves the highest standards of performance and safety.

Join us in our upcoming spotlight series as we take you behind the scenes of our rigorous testing processes to meet members of our design and test engineering teams. From advanced simulation techniques to comprehensive stress testing, learn about the innovative methods that keep our batteries at the forefront of safety and reliability.

Stay tuned for insights into Proterra’s expertise and innovation!

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#PoweredbyProterra #EV #Emobility #Electrification #Battery #CleanTechnology

	Dec '19	Dec '20	Dec '21	Dec '22
revenue	181.28M -	196.94M 8.64%	242.86M 23.31%	309.36M 27.38%
cost of revenue	182.90M -	189.40M 3.56%	240.81M 27.14%	333.36M 38.43%
gross profit	-1.61M -	7.54M 567.97%	2.05M 72.78%	-23.99M 1,269.15%
selling and marketing expenses
general and administrative expenses
selling general and administrative expenses	56.13M -	67.14M 19.61%	85.84M 27.86%	133.21M 55.19%
research and development expenses	35.48M -	36.23M 2.13%	43.84M 20.99%	63.65M 45.19%
other expenses	812K -	-2.63M 423.77%	-1.20M 54.28%	1.29M 207.49%
cost and expenses	274.50M -	292.78M 6.66%	370.49M 26.54%	530.22M 43.11%
operating expenses	91.61M -	103.37M 12.84%	129.68M 25.45%	196.86M 51.81%
interest expense	4.15M -	15.65M 277.09%	50.98M 225.70%	28.59M 43.93%
ebitda	-78.32M -	-82.69M 5.58%	-113.14M 36.83%	-206.96M 82.92%
operating income	-99.66M -	-95.83M 3.84%	-127.63M 33.18%	-220.85M 73.04%
depreciation and amortization	21.34M -	13.15M 38.40%	14.49M 10.19%	13.90M 4.07%
total other income expenses net	-1.89M -	-31.15M 1,546.51%	-122.36M 292.79%	-17.09M 86.03%
income before tax	-101.55M -	-126.98M 25.04%	-249.99M 96.87%	-237.95M 4.82%
income tax expense	4.96M -	22K 99.56%	16K 27.27%	17.09M 106,743.75%
net income	-106.52M -	-127.01M 19.24%	-250.01M 96.84%	-255.04M 2.02%
weighted average shs out	207.35M -	207.35M 0%	221.96M 7.05%	249.16M 12.25%
weighted average shs out dil	207.35M -	207.35M 0%	221.96M 7.05%	249.16M 12.25%
eps	-0.51 -	-0.61 19.61%	-1.13 85.25%	-1.02 9.73%
epsdiluted	-0.51 -	-0.61 19.61%	-1.13 85.25%	-1.02 9.73%

NASDAQ:PTRA

Proterra

Last Close

0.07

18/07 20:00

Volume Today

53.14M

Avg: 2.94M

PE Ratio

−0.02

PFCF: −0.05

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