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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ArcLight Clean Transition Corp Announces Registration Statement in Connection with its Proposed Business Combination with Proterra Inc has been Declared Effective and Sets June 11, 2021 as the Meetin streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
13 May 2021
The leaders of Clean Energy for Biden have raked in millions of dollars since President Joe Biden has taken office and openly support the business, which gave his campaign millions, according to the report.
The group which raised millions for the Biden campaign has seen a sudden “lucrative returns on their investments” since Biden has been in the White House in January, according to the Washington Free Beacon, which first reported on the findings.
Clean Energy for Biden, which officially operated from March 2020 to January 2021, is now known as Clean Energy for America, since Biden became president, according to the website, which also openly states, the group “fundraised for the Biden-Harris campaign.” The group is built off of “15,000+ clean energy professionals, advocates, and business leaders,” the website states. ” We are guided by our people and motivated by our shared values, beliefs, and commitment to building a zero-carbon, inclusive energy