Breitbart: Proterra, an electric bus company that received heavy backing from President Joe Biden’s administration, filed for bankruptcy on Monday.
The Burlingame, California-based EV company has been a source of controversy for the Biden administration because Biden’s Energy Secretary Jennifer Granholm hyped the company in her official capacity despite the fact that she previously served on Proterra’s board and held over a million dollars worth of stock in the company even after she was confirmed as the head of Biden’s Energy Department.
Proterra was founded in 2004 and, according to Canary Media, had raised “about $682 million in venture capital from investors including Daimler, Generation Investment Management, Kleiner Perkins, Tao Capital Partners, Soros Fund Management, Cowen Sustainable Advisors and GM Ventures to build electric buses that gained a foothold in early North American deployments.”
Biden has heavily promoted Proterra throughout his presidency, at one point saying the company would help America own “the future” if it kept on track. Three months into his presidency, Biden held a virtual tour of the electric bus company’s South Carolina factory to promote his $1.9 trillion infrastructure plan. MORE
Granholm cashed her stocks just before the bankruptcy.
She must have the same accountant as Pelosi…
That is one savvy dude!
Joey took a page from Barry’s Solendra playbook.
What a scam, the buses were junk; no range, couldn’t make it up a mild grade, batteries are so heavy that the bus frames were cracking, and no spare parts for repair.
It was never going to make it. Taking the money then called a cab. Sorry about that suckers. I bet the DNC and Slow Joe got some?
California-based? Um, don’t say any more.
https://azimut4brutal.wordpress.com/2023/08/10/i-am-not-a-dumber/
A green energy bus can’t run in word salad I guess.
Fred Flintstone’s car would be more efficient than those electrical things.
once again more proof that if the government has to subsidize it it is a bad idea. Maybe someday people will catch on. Okay just kidding.
Gov’t “subsidies” are scams.
Put tax dollars into the pockets of grifters who turn most of it back to the politicians who boondoggled it.
Same old shit. Same old politicians. Same old taxpayers. Same old grifters.
Corruption is lucrative to everyone except the dopes paying for it – and we’re too busy watching TV and drinking beer to give a fuck.
mortem tyrannis
izlamo delenda est …
…well, gee, who could have seen THIS coming? /s
https://iotwreport.com/report-philadelphias-proterra-fleet-in-complete-shambles/
https://iotwreport.com/proterra-bus-fire-prompts-california-agency-to-consider-shelving-electric-bus-fleet/
…and…
https://iotwreport.com/proterra-lurches-into-damage-control-mode-in-wake-of-free-beacon-reports/
…a word on battery fires…
https://youtu.be/CVUAzFzKhw8
…now find a dumpster big enough to immerse a bus…
Must have donated too much grant money back to democrats. 10% is all they ask.
Ford better wake up SOON.
Their Electric Shit Boxes will take out the ENTIRE Company.
PS. Remember Barry’s darling solar company SOLYNDRA – will most assets currently in ChYnA’s hands?
Found On Road Dead never meant more that it does today with those Electric Shit Boxes!