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Proterra Among 24 Companies Recognized as a Leading Global Technology Pioneer

Award recognizes societal, business impact of company’s zero-emissions, all-electric transit technology

GREENVILLE, S.C.,September 8, 2014 – Proterra Inc., the leading provider of zero-emission, battery-electric transit solutions, has been honored as a 2015 Technology Pioneer by the World Economic Forum (WEF). One of only 24 companies selected worldwide, Proterra is the only company on this prestigious list serving the mass transit sector.

The WEF’s Technology Pioneers program recognizes companies from around the world involved in the design, development and deployment of new technologies poised to have a significant impact on business and society. Most significantly, Technology Pioneers must demonstrate vision and the promise of long-term industry leadership, and their technology must be proven.

“Proterra is proud to be named a Technology Pioneer by the World Economic Forum and recognized for the effectiveness of our technology and the positive impact it has had in the communities in which our transit buses are operating,” said Ryan Popple, president and chief executive officer, Proterra Inc. “Thanks in large part to Proterra’s efforts, the transit industry is able to offer riders a viable, sustainable and cost-effective urban transit solution. We recognize the long-term importance of these efforts in achieving energy independence and protecting the environment for future generations, and we are committed to continuing to lead the way.”

By offering a quiet, fuel-efficient and environmentally friendly bus to the market today, Proterra has helped cities across the United States reduce their carbon footprints and improve the quality of life for residents. Proterra has recorded that its buses have a fuel economy per kilometer/mile (when translated into conventional fuels) that is nearly six times that of a diesel bus. By combining performance, efficiency and design, Proterra buses offer the lowest per passenger cost and environmental impact of any transit technology—electric, diesel, hybrid or natural gas. Proterra buses have logged nearly 500,000 miles of revenue service in cities across the United States, and their performance has resulted in repeat business from multiple cities. Among its customers are King County Metro (Seattle), TARC (Louisville), MTA (Nashville), VIA Metropolitan (San Antonio), StarMetro (Tallahassee), RTC (Reno), WRTA (Worcester) and Foothill Transit (Pomona).

“The impact of technology continues to accelerate in all domains of society,” said Fulvia Montresor, director, Head of Technology Pioneers at the World Economic Forum. “To better understand the breadth and depth of this impact, CEOs and other leaders have come to depend on their interactions with the Technology Pioneers and their diverse and innovative solutions.”

A ceremony will be held to recognize the achievements of this year’s technology pioneers at the Annual Meeting of the New Champions on September 11th, 2014. The meeting, held in Tianjin, People’s Republic of China, brings together more than 1,500 leaders from over 90 countries in the areas of business, government and research.

About Proterra

Proterra is a leader in the design and manufacture of clean technology and clean energy, providing zero- emission vehicles that enable bus fleet operators to significantly reduce operating cost while delivering clean, quiet power to the community. Proterra buses’ fast-charge enabled infinite range makes them well-suited to transit routes. With unmatched durability and energy efficiency based on rigorous industry testing at Altoona, the Proterra product is proudly made in America, with headquarters in Greenville, SC.

Original listing: http://www.weforum.org/

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