Proterra, the Tesla of electric buses, closes in on $1 billion valuation

Proterra has authorized shares to raise $75 million, a new round of funding that would push the electric bus maker’s valuation past $1 billion, TechCrunch has learned. The company authorized the sale of 10,857,762 shares at a price of $6.91 in a Series 8 round, according to a securities filing that was obtained by the […]

India has labeled hyperloop a public infrastructure project — here’s why that matters

Hyperloop, the futuristic and still theoretical transportation system that could someday propel people and packages at speeds of more than 600 miles per hour, has been designated a “public infrastructure project” by India lawmakers in the state of Maharashtra. Wrapped in that government jargon is a valuable and notable outcome. The upshot: hyperloop is being […]