Proterra, an electric bus company that received heavy backing from President Joe Biden’s administration, filed for bankruptcy.
Vice President Kamala Harris speaks during a tour of Thomas Built Buses production plant in High Point, North Carolina, on April 19, 2021. The green Proterra logo is visible on the charger station next to the buses.
. In February of this year, Biden appointed Proterra CEO Gareth Joyce to serve on his Export Council, which provides Biden with advice on international trade.for Chapter 11 bankruptcy on Monday, citing “various market and macroeconomic headwinds” that have impacted its business. “While our best-in-class EV and battery technologies have set an industry standard, we have faced various market and macroeconomic headwinds, that have impacted our ability to efficiently scale all of our opportunities simultaneously,” Joyce
the Washington Free Beacon in 2021. “President Biden and Secretary Granholm should immediately remove themselves from their glaring conflict of interest.”Proterra’s board in March 2017, aspiring to launch the company into the “next phase of strategic growth and national deployment,” according to a press release.
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