According to the U.S. Environmental Protection Agency, transportation accounted for more than 28 percent of domestic greenhouse gas emissions in 2018, more than any other economic sector. An investment in Mercy Investment Services’ Environmental Solutions Fund is reducing those emissions through electric buses, charging, and electric vehicle technology in 130 communities in the United States and Canada.
Since 2004, Proterra has been designing and manufacturing electric buses for municipal, university, airport and transit agency customers. Proterra’s buses have prevented more than 80 million pounds of greenhouse gas emissions in 43 U.S. states and Canadian provinces. This video demonstrates how Proterra’s buses are benefitting Breckenridge, Colorado. Proterra has also expanded its products to include electric vehicle charging technology, and electric drivetrains and batteries for heavy-duty commercial vehicles. With the company’s growth and demand for its products in light of the ongoing climate crisis, Proterra recently announced plans to become a publicly traded company through a merger with ArcLight Clean Transition, allowing Proterra to continue advancing electric vehicle technology.
Proterra is one of more than 25 Environmental Solutions Fund investments that are part of the 12 percent of our portfolio dedicated to impact investing. Learn more on our website.