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Announced

Completed

Cowen led a $200m Series H round in Proterra.

Financials

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Transaction Value£154m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Automobiles

United States

vehicle electrification

Single Bidder

Minority

Acquisition

Completed

Domestic

Venture Capital

Private

Friendly

Private Equity

Synopsis

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Cowen, an asset management firm, led a $200m Series H funding round in Proterra, an innovator in heavy-duty electric transportation. The round saw also investment from Soros, Generation Investment Management, and Broadscale Group. As demand grows for battery-electric vehicles and 100% zero-emission fleets, we are excited to collaborate with CSI as well as our other investors to accelerate the transition to clean, quiet transportation for all and deliver even more Proterra Powered vehicles around the world," Jack Allen, Proterra CEO and Chairman.

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