After Fisker Automotives Lost Taxpayers Tens of Millions, Top Investors Turn to Proterra
Beneficiaries of Obama admin s failed green investments stand to profit under Biden Getty Images Collin Anderson • May 19, 2021 5:00 am
A prominent player behind an Obama-era electric car investment that lost taxpayers $139 million is a top investor in Proterra, the politically connected electric bus manufacturer repeatedly promoted by the Biden administration.
Venture capital behemoth Kleiner Perkins led by chairman John Doerr will hold up to 9.3 percent of Proterra shares once the company goes public in a $1.6 billion merger, according to SEC documents. President Joe Biden has publicized the company on multiple occasions following the merger announcement, going as far as touring a Proterra factory to tout his proposed $45 billion government investment in clean, zero-emissions buses.
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