On June 13th 2011 Martin LaMonica of CNET Green Tech writes General Motors isn’t in the business of city buses, but an investment announced today in electric bus maker Proterra opens up the possibility that they soon will be. Proterra said that GM Ventures and venture capital company Kleiner, Perkins, Caufield & Byers have put $30 million into the Golden, Colo.-based start-up. Kleiner, Perkins led the round, which also brought money from Japanese industrial conglomerate Mitsui, Vision Ridge Partners, and 88 Green Ventures.
The investment will allow Proterra to further develop and market its all-electric bus, which the company has designed as a replacement for typical diesel municipal transit buses. The buses are already in service in Los Angeles County and the company has two other customers, according to president Jeff Granato.