Fenwick represented Proterra, a leading innovator in heavy-duty electric transportation, in its $200 million financing. The financing was led by Cowen Sustainable Advisors LLC, along with supporting investments from Soros Fund Management, Generation Investment Management, and Broadscale Group.
Proterra intends to use the new investment to support general corporate purposes, including its battery and electric drivetrain research and development, business development activities to expand the use of its technology in additional commercial vehicle segments, and the company’s Proterra Energy business to provide supplemental charging and energy management services that can lower fleet management costs. More information can be obtained from Proterra’s announcement.
The Fenwick transaction team was led by corporate partners Dawn Belt and Eric Shedlosky and associates Yael Li-Ran Perl, Michael Ohta and Harrison Dilday.