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EV Company That Biden Admin Loves Declares Bankruptcy

Proterra, a provider of components for electric buses, submitted a Chapter 11 bankruptcy safeguard on Monday, becoming the latest firm to collapse in an industry facing serious challenges. The California-based company disclosed its assets and debts within the range of $500 million to $1 billion, while its market valuation stood...

Proterra, a provider of components for electric buses, submitted a Chapter 11 bankruptcy safeguard on Monday, becoming the latest firm to collapse in an industry facing serious challenges. The California-based company disclosed its assets and debts within the range of $500 million to $1 billion, while its market valuation stood…

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