Electric Bus Company Raises $140 Million In Funding

by Anthony Falco

Investors just poured $140 million into a California-based company that makes zero-emission electric buses. Proterra says its buses can go 350 miles on city streets on just a single charge and fully recharge itself using kinetic energy generated by its braking system. Along with the obvious environmental benefits, investors and consumers like the low maintenance costs associated with electric vehicles. So far the Company says it has sold more than 300 vehicles and has plans to ramp up production.

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