Meet Proterra… the New Solyndra Jennifer Granholm Under Fire for Hyping Electric Vehicle Company She Served on Board of and Held Stock in

President Joe Biden’s Energy Secretary Jennifer Granholm is the subject of an ethics complaint for promoting, in her role as a member of the executive branch, an electric bus company she sat on the board of and held over a million dollars of stock in.

Granholm — who oversees moving the country toward an electric vehicle transportation system and enjoys newfound powers after the passage of Biden’s infrastructure package — is facing scrutiny for promoting Proterra, a Burlingame, California-based electric bus company she sat on the board of and held 240,520 shares of stock in, which garnered her $1.6 million when she finally divested them 157 days after her nomination.


Granholm has been criticized for promoting Proterra in her official capacity as energy secretary and for hyping grant access to companies with connections to Proterra. These critics argue that Granholm’s promotion of the company, which as of Monday had a market cap of $2.6 billion, has increased Proterra’s visibility and thereby potentially increased the value of Granholm’s stock in the company before she was required by ethics rules to sell her shares on May 24.


Granholm’s promotion of the Burlingame, California electric vehicle company came at the same time that Democrats in Congress were crafting—and ultimately passing—Biden’s $1.2 trillion infrastructure package, which dramatically increases Granholm’s authority as energy secretary to advance private sector companies in the transition to an electric vehicle-based transportation infrastructure. The infrastructure package — which has been promoted by Biden, Vice President Kamala Harris, Granholm, Biden’s Secretary of Transportation Pete Buttigieg, and other members of the administration — grants as much as $174 billion to green vehicles and $45 billion to zero-emission buses to “replace 50,000 diesel transit vehicles and electrify at least 20 percent of our yellow school bus fleet” and “to build a national network of 500,000 EV chargers by 2030.”

The California-based Proterra stands to benefit greatly from this Biden administration electric vehicle investment. It is perhaps unsurprising then that the Center for Responsive Politics found that nearly 85 percent of Proterra’s employee campaign contributions went to Democrats, including Biden.



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