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Proterra Named 2015 New Energy Pioneer at 8th Annual Bloomberg New Energy Finance Summit

San Bruno, Calif., Apr. 20, 2015— Bloomberg New Energy Finance has announced Proterra Inc., the leading provider of zero-emission battery-electric buses, as a 2015 New Energy Pioneer – a game-changing innovator who is revolutionizing the energy sector – chosen from a diverse group that represents a broad range of industries including advanced transportation, bioenergy, energy storage, solar and wind. Proterra was recognized on stage at the eighth annual Bloomberg New Energy Finance Summit in New York City and Former Vice President of the United States Al Gore, addressed Proterra’s work in his keynote speech. And out of the ten BNEF New Energy Pioneers winners of 2015, Proterra was selected as an audience favorite at the Summit.

This announcement follows on the heels of the California Energy Commission awarding Proterra a $3 million grant to fund the design, development and construction of the company’s new state-of-the-art zero-emission, battery-electric transit bus manufacturing line in California, as well as Proterra’s largest bus order to date by four-time returning customer Foothill Transit.

“We are honored to be named a New Energy Pioneer,” said Ryan Popple, CEO of Proterra. “This is a significant time for our company as we scale production nationally to meet growing customer demand. To be recognized by Bloomberg for this effort helps underscore the momentum we are seeing for zero-emission mass transit.”

An independent panel of industry experts, assisted by Bloomberg’s technology experts, selected the 10 winners from a high volume of applicants from around the world. Each candidate was assessed against three criteria: potential scale, innovation and momentum. Each New Energy Pioneer has a combination of innovative technologies and business models, the ability to demonstrate substantive progress in their activities, and the potential for global scale.

Michael Wilshire, Selection Committee Chair and Head of Analysis of Bloomberg New Energy Finance, said: “This year, we were delighted to have a very strong set of candidates for the New Energy Pioneers program, drawn from a wide spectrum of sectors. We were struck by the amount of innovation that these organizations display and the impact that they are already having on the energy system of the future. We are again very grateful to our group of external judges who had the challenging task of narrowing this field down to a final set of 10 winners.”

For more information on the New Energy Pioneers program, visit: http://www.newenergypioneers.com/

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