A Kleiner Perkins partner reveals 4 reasons why buses will be the first transportation sector to go 100% electric
Brook Porter, a partner at Kleiner Perkins and founding partner at the venture fund G2VP, tells Business Insider that buses will be the first transportation sector to go all-electric.simply click here to claim your deal and get access to all exclusive Business Insider PRIME content.
Porter is betting on it. His venture fund G2VP was one of seven investors involved in a $155 million funding round for the electric bus company Proterra. It sounds counterintuitive. Buses are heavy, they travel long distances, and they're not as flashy as electric cars and trucks. How could they possibly lead the electric vehicle revolution? In 2018, at least 10% of new bus purchases in the US were electric, according to the nonprofit CALSTART.
Porter, who's a chemical engineer by training, started with a question:"Where is the internal combustion engine weakest relative to an electric motor?"
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