Daimler pours millions into electric bus company Proterra

Proterrahas raised $155 million in a funding round co-led by Daimler and Tao Capital Partner, a deal that could transform the school bus market in North America.
Until now, Proterrahas focused on producing electric buses for municipal, federal and commercial transit agencies. The company has developed a line of electric buses that can travel 350 miles on a single charge, enough range to last entire day. Proterra has sold hundreds of its all-electric buses as cities try to reduce tailpi