Ray LaHood had a lot on his plate when he was the US Secretary of Transportation. Whether it was distracted driving, cash for clunkers or troubles with Toyota, LaHood was at the helm of the DOT during a tumultuous time. Now that he's been away from the post for half a year, he's ready to get back into the swing of things by joining the board of directors at electric bus manufacturer Proterra. Proterra is the company behind the EcoRide fast-charging electric bus.
This fast-charging bus maker got some fast money, as Proterra has raised $23 million in a recent round of equity financing. Proterra, which says it makes the world's first battery electric bus built especially for fast chargers, has tripled orders of its EcoRide model within the past year. For the record, other companies are working on fast-charging electric buses.