Fenwick Represents Proterra in $155 Million Financing

Fenwick & West represented Proterra Inc., a leading innovator in heavy duty electric transportation for the North American mass transit market, in its $155 million financing. Daimler, the world’s largest manufacturer of commercial vehicles, and Tao Capital Partners co-led the round with participation from G2VP and other technology investors.

Proterra also entered into a strategic partnership with Daimler to explore the electrification of select Daimler heavy-duty vehicles and for electric vehicle development. Through the partnership, Proterra and Daimler have the potential to provide the school bus market a reliable, affordable transportation option with environmentally sustainable, zero-emission EV technology. More information regarding Proterra’s $155 million financing can be obtained from the company announcement.

The Fenwick transaction team was led by corporate lawyers Dawn Belt, Yael Perl, Willow Yang and Michael Ohta; and intellectual property lawyer Mark Ostrau.