Private company

Proterra Inc

American motor vehicles and passenger car bodies company. Summary from the record

Last updated Oct 19, 2026.

Overview

IndustryMotor Vehicles & Passenger Car Bodies¹
HeadquartersGreer, South Carolina¹
Incorporated inDE²
Business address504 Pennsylvania Avenue, Po Box 2205, Greer, Sc 29652²
Filer categoryLarge accelerated filer²

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2022

-7.8%Gross margin³

-71.4%Operating margin³

-76.9%Net margin³

27.4%Revenue growth, 2022³

-46.0%Return on equity³

0.00×Debt to equity³

-$356.1MFree cash flow³

Where the money goes

Where each dollar of revenue went, fiscal 2022

Cost of revenueResearch and developmentSelling, general and admin

Cost of revenue63¢$333.4M
Research and development12¢$63.6M
Selling, general and admin25¢$133.2M

Out of $309.4M in revenue.³ The company lost money this year.

Financial statements

Revenue⁴³$309.4M in 2022+71% since 2019

Gross profit⁴³-$24.0M in 2022+1389% since 2019

Operating income⁴³-$220.9M in 2022+122% since 2019

Net income⁴³-$237.9M in 2022+134% since 2019

Fiscal year	2019	2020	2021	2022
Revenue	$181.3M⁴	$196.9M³	$242.9M³	$309.4M³
Cost of revenue	$182.9M⁴	$189.4M³	$240.8M³	$333.4M³
Gross profit	-$1.6M⁴	$7.5M³	$2.1M³	-$24.0M³
Research and development	$35.5M⁴	$36.2M³	$43.8M³	$63.6M³
Selling, general and admin	$56.1M⁴	$67.1M³	$85.8M³	$133.2M³
Operating expenses			$129.7M³	$196.9M³
Operating income	-$99.7M⁴	-$96.0M³	-$127.6M³	-$220.9M³
Income before tax			-$250.0M³	-$237.9M³
Income tax	$0⁴	$22.0K³	$16.0K³	$0³
Net income	-$101.6M⁴	-$127.0M³	-$250.0M³	-$237.9M³
Earnings per share	-$28.08⁴	-$28.96³	-$2.07³	-$1.06³
Earnings per share (diluted)	-$28.08⁴	-$28.96³	-$2.07³	-$1.08³
Shares (weighted, basic)			120.9M shares³	224.3M shares³
Shares (weighted, diluted)			120.9M shares³	249.2M shares³

Total assets⁴³$840.5M in 2022+103% since 2020

Total liabilities⁴³$323.6M in 2022−5% since 2020

Shareholders’ equity⁴³$516.9M in 2022+170% since 2018

Cash⁴³$73.7M in 2022−28% since 2018

Long-term debt⁴³$0 in 2022

Fiscal year	2018	2019	2020	2021	2022
Cash	$103.0M⁴	$53.6M³	$110.7M⁴	$170.0M³	$73.7M³
Receivables				$81.6M³	$130.3M³
Inventory				$114.6M³	$169.6M³
Current assets			$341.6M⁴	$886.4M³	$665.7M³
Total assets			$414.9M⁴	$981.9M³	$840.5M³
Accounts payable				$53.4M³	$57.8M³
Short-term debt				$0³	$122.7M³
Current liabilities			$64.0M⁴	$91.9M³	$251.0M³
Long-term debt			$133.3M⁴	$111.0M³	$0³
Total liabilities			$340.4M⁴	$261.7M³	$323.6M³
Retained earnings				-$858.2M³	-$1.1B³
Shareholders’ equity	$191.5M⁴	$187.0M³	$74.5M³	$720.2M³	$516.9M³
Shares outstanding			5.7M shares⁴	222.0M shares³	226.3M shares³

Cash from operations⁴³-$296.6M in 2022+205% since 2019

Capital spending⁴³$59.5M in 2022+331% since 2019

Free cash flow⁴³-$356.1M in 2022+220% since 2019

Fiscal year	2019	2020	2021	2022
Cash from operations	-$97.3M⁴	-$76.1M³	-$126.3M³	-$296.6M³
Depreciation and amortization			$15.7M³	$12.6M³
Stock-based compensation			$16.1M³	$21.8M³
Capital spending	$13.8M⁴	$25.6M³	$23.4M³	$59.5M³
Free cash flow	-$111.1M	-$101.6M	-$149.7M	-$356.1M
Cash from investing			-$447.3M³	$184.1M³
Cash from financing			$632.4M³	$16.2M³

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Leadership

Who has led Proterra Inc, and when. Pick a name to see everywhere that person has worked.

Chief executive

Chair

Daniel R. Revers2020

President

Chief financial officer

Chief operating officer

2025

Chief executive officerGareth T. Joyce Feb 22, 2022 to Mar 13, 2024⁷
Chief executive officerJohn Frederick Erhard Nov 4, 2020 to Nov 4, 2020⁸
ChairDaniel R. Revers Sep 23, 2020 to Nov 12, 2020⁹
PresidentJulian R. Soell May 2, 2022 to May 30, 2023¹⁰
PresidentGareth T. Joyce Jun 16, 2021 to Mar 13, 2024¹¹
PresidentJohn Frederick Erhard Nov 4, 2020 to Nov 4, 2020⁸
Chief financial officerJustin D. Pugh Feb 9, 2024 to Mar 13, 2024¹²
Chief financial officerDavid S. Black May 18, 2023 to May 26, 2023¹³
Chief financial officerKarina F. Padilla Feb 22, 2022 to Mar 30, 2023¹⁴
Chief financial officerAmy E. Ard Jun 16, 2021 to Sep 7, 2021¹⁵
Chief financial officerAndrew J. Cederoth Sep 20, 2021 to Sep 20, 2021¹⁶
Chief financial officerMarco F. Gatti Sep 23, 2020 to Sep 23, 2020¹⁷
Chief operating officerJoshua P. Ensign Jun 16, 2021 to Sep 7, 2021¹⁸
Chief operating officerKerrick S. Knauth Sep 23, 2020 to Sep 23, 2020¹⁹

Board members and other officers (20)

Chief Accounting OfficerJeffrey Donald Embt Jun 9, 2023 to Jun 27, 2023²⁰
Board memberMary L. Krakauer Jan 10, 2022 to Mar 13, 2024²¹
Board memberKarina F. Padilla Jan 11, 2022 to Jan 11, 2022²²
Board memberGareth T. Joyce Feb 22, 2022 to Mar 13, 2024⁷
Board memberNielsen M. Roger Mar 10, 2022 to Mar 13, 2024²³
Board memberJan Hauser Jun 16, 2022 to Mar 13, 2024²⁴
Board memberBrook F. Porter Jun 16, 2021 to Mar 13, 2024²⁵
Board memberConstance Ellen Skidmore Jun 16, 2021 to Mar 13, 2024²⁶
Board memberDaniel R. Revers Jun 16, 2021 to Jun 16, 2021²⁷
Board memberJeannine P. Sargent Jun 16, 2021 to Mar 13, 2024²⁸
Board memberJoan Robinson-Berry Jun 16, 2021 to Feb 22, 2022²⁹
Board memberJochen M. Goetz Jun 16, 2021 to Aug 25, 2021³⁰
Board memberRyan Popple Jun 16, 2021 to Dec 1, 2021³¹
Board memberArno Harris Sep 23, 2020 to Jun 16, 2021³²
Board memberBrian Goncher Sep 23, 2020 to Jun 16, 2021³³
Board memberJa-Chin Lee Sep 23, 2020 to Jun 16, 2021³⁴
Board memberSteven Berkenfeld Sep 23, 2020 to Jun 16, 2021³⁵
Board memberJohn Frederick Erhard Nov 4, 2020 to Dec 1, 2021⁸
General counselJoann Covington Jun 16, 2021 to Mar 29, 2023³⁶
General counselChristine M. Miller Sep 23, 2020 to Sep 23, 2020³⁷

Former names

ArcLight Clean Transition Corp.Aug 10, 2020 to Jun 16, 2021²

Timeline

Feb 22, 2022New chief executive Gareth T. Joyce becomes CEO⁷
Nov 4, 2020New chief executive John Frederick Erhard becomes CEO⁸

Filings

208 filings to the SEC since October 2021: 3 annual reports, 7 quarterly reports, 55 major events, 77 insider forms, 9 large holders, 57 other. The latest 20:

Mar 14, 202415-12G EDGAR
Mar 14, 20248-K EDGAR
Mar 13, 20244 OWNERSHIP DOCUMENT EDGAR
Mar 13, 20244 OWNERSHIP DOCUMENT EDGAR
Mar 13, 20244 OWNERSHIP DOCUMENT EDGAR
Mar 13, 20244 OWNERSHIP DOCUMENT EDGAR
Mar 13, 20244 OWNERSHIP DOCUMENT EDGAR
Mar 13, 20244 OWNERSHIP DOCUMENT EDGAR
Mar 13, 20244 OWNERSHIP DOCUMENT EDGAR
Mar 13, 20244 OWNERSHIP DOCUMENT EDGAR
Mar 13, 20244 OWNERSHIP DOCUMENT EDGAR
Mar 8, 20248-K EDGAR
Mar 1, 2024S-8 POS AMENDMENT NO. 1 EDGAR
Mar 1, 2024S-8 POS AMENDMENT NO. 1 EDGAR
Mar 1, 2024S-8 POS AMENDMENT NO. 1 EDGAR
Feb 22, 20248-K EDGAR
Feb 13, 20248-K EDGAR
Feb 9, 20243 OWNERSHIP DOCUMENT EDGAR
Feb 8, 20248-K EDGAR
Feb 1, 20248-K EDGAR

The 208 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

14 open-market trades by officers, directors and large owners since October 2021: 0 buys and 14 sales. Grants, option exercises and gifts are left out.

Date	Who	Trade	Shares	Price	Value	Filing
Jan 2, 2024	Joyce Gareth TCEO and President	Sale	16,643	$0.02	$333	Form 4
Sep 25, 2023	Joyce Gareth TCEO and President	Sale	18,925	$0.05	$946	Form 4
Aug 25, 2023	Joyce Gareth TCEO and President	Sale	2,283	$0.07	$160	Form 4
May 26, 2023	Soell Julian RPresident, Proterra Transit	Sale	21,410	$1.14	$24.4K	Form 4
May 26, 2023	Bailey Christopher LPresident, Powered & Energy	Sale	3,742	$1.14	$4.3K	Form 4
Mar 27, 2023	Covington JoAnnChief Legal Officer, Secy	Sale	9,112	$1.51	$13.8K	Form 4
Mar 27, 2023	Padilla Karina FChief Financial Officer	Sale	9,192	$1.51	$13.9K	Form 4
Mar 27, 2023	Bailey Christopher LPresident, Powered & Energy	Sale	9,535	$1.51	$14.4K	Form 4
Jan 26, 2023	Padilla Karina FChief Financial Officer	Sale	9,574	$4.87	$46.7K	Form 4
Jan 23, 2023	Joyce Gareth TCEO and President	Sale	22,534	$5.01	$112.9K	Form 4
Nov 14, 2022	Covington JoAnnChief Legal Officer, Secy	Sale	52,446	$7.51	$393.9K	Form 4
Sep 2, 2022	Covington JoAnnChief Legal Officer, Secy	Sale	3,492	$6.09	$21.3K	Form 4
Aug 26, 2022	Joyce Gareth TCEO and President	Sale	3,395	$6.25	$21.2K	Form 4
May 26, 2022	Bailey Christopher LPresident, Powered & Energy	Sale	3,746	$6.04	$22.6K	Form 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Franklin Templeton InvestmentsSC 13G/A, 3 filings Jan 10, 2022 to Sep 22, 2023³⁸
Tao Pro LLCSC 13G/A, 2 filings Feb 17, 2022 to Feb 10, 2023³⁹
VANGUARD GROUP INCSC 13G, 1 filing Feb 9, 2023⁴⁰
ArcLight CTC Holdings, L.P.SC 13G/A, 1 filing Feb 14, 2022⁴¹
KPCB GREEN GROWTH FUND LLCSC 13G, 1 filing Feb 11, 2022⁴²
ADAGE CAPITAL PARTNERS GP, L.L.C.SC 13G/A, 1 filing Feb 10, 2022⁴³

Sources

The numbers on this page point here. Each one links to the record it came from.

1
SEC EDGARProterra Inc filings on SEC EDGAR
2
SEC EDGARProterra Inc filings on SEC EDGAR
3
SEC EDGARProterra Inc 10-K for fiscal 2022
4
SEC EDGARProterra Inc 10-K for fiscal 2019
5
SEC EDGARProterra Inc 10-Q for fiscal 2023
6
SEC EDGARProterra Inc 10-Q for fiscal 2023
7
SEC EDGARGareth T. Joyce, Chief executive officer
8
SEC EDGARJohn Frederick Erhard, Chief executive officer
9
SEC EDGARDaniel R. Revers, Chair
10
SEC EDGARJulian R. Soell, President
11
SEC EDGARGareth T. Joyce, President
12
SEC EDGARJustin D. Pugh, Chief financial officer
13
SEC EDGARDavid S. Black, Chief financial officer
14
SEC EDGARKarina F. Padilla, Chief financial officer
15
SEC EDGARAmy E. Ard, Chief financial officer
16
SEC EDGARAndrew J. Cederoth, Chief financial officer
17
SEC EDGARMarco F. Gatti, Chief financial officer
18
SEC EDGARJoshua P. Ensign, Chief operating officer
19
SEC EDGARKerrick S. Knauth, Chief operating officer
20
SEC EDGARJeffrey Donald Embt, Chief Accounting Officer
21
SEC EDGARMary L. Krakauer, Board member
22
SEC EDGARKarina F. Padilla, Board member
23
SEC EDGARNielsen M. Roger, Board member
24
SEC EDGARJan Hauser, Board member
25
SEC EDGARBrook F. Porter, Board member
26
SEC EDGARConstance Ellen Skidmore, Board member
27
SEC EDGARDaniel R. Revers, Board member
28
SEC EDGARJeannine P. Sargent, Board member
29
SEC EDGARJoan Robinson-Berry, Board member
30
SEC EDGARJochen M. Goetz, Board member
31
SEC EDGARRyan Popple, Board member
32
SEC EDGARArno Harris, Board member
33
SEC EDGARBrian Goncher, Board member
34
SEC EDGARJa-Chin Lee, Board member
35
SEC EDGARSteven Berkenfeld, Board member
36
SEC EDGARJoann Covington, General counsel
37
SEC EDGARChristine M. Miller, General counsel
38
SEC EDGARFranklin Templeton Investments SC 13G/A on Proterra Inc
39
SEC EDGARTao Pro LLC SC 13G/A on Proterra Inc
40
SEC EDGARVANGUARD GROUP INC SC 13G on Proterra Inc
41
SEC EDGARArcLight CTC Holdings, L.P. SC 13G/A on Proterra Inc
42
SEC EDGARKPCB GREEN GROWTH FUND LLC SC 13G on Proterra Inc
43
SEC EDGARADAGE CAPITAL PARTNERS GP, L.L.C. SC 13G/A on Proterra Inc