"Six other investors joined GM, including new partners Hennessey Capital Management, and NMT Capital, in addition to Kleiner Perkins Caufield & Byees, Mitsui & Co. Global Investment, 88 Green Ventures and Vision Ridge Partners.
According to Detroit News, Proterra plans to use the new cash to boost the delivery of its electric battery ‘EcoRide’ buses to new customers and markets."
read more carefully ... the money is mostly in China .. loans in china .. apparently backed up by assets ... but we know we can't believe everything the China banks claim.
ABAT has still not shown any confirmation of its assets in China. AFAIK.
be careful with this stock ... It is not good to get involved with reverse splits.