Well, I think nobody with a functioning brain will say that contract is not good to Altair. For one, Altair is tapping into China's national grid market, becoming an elite player in China's energy storage market. The location of project is in Zhangjiakou city. The city and Beijing are jointly applying for hosting next winter Olympics. The city started an Green Initiatives to eliminate pollution before the Game. Altair also signed an agreement with the city to deliver electric bus last year.
Early investors in Tesla Motors have backed another electric transportation company, bus maker Proterra, company representatives told VentureWire.
Nick and Joby Pritzker, via their investment firm Tao Invest, participated in a $10 million second close of Proterra’s Series C round, which now totals a little more than $34 million, as VentureWire previously reported. Proterra’s valuation is getting close to $200 million, Chief Executive Garrett Mikita said.