9 Aug 2023
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.
Despite this massive push from the Biden administration, Proterra filed 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 said in a statement. “As commercial vehicles accelerate toward electrification, we look forward to sharpening our focus as a leading EV battery technology supplier for the benefit of our many stakeholders.”
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