LOS
ANGELES, Oct. 20, 2023 /PRNewswire/
-- GreenPower Motor Company Inc. (NASDAQ: GP) (TSXV: GPV)
("GreenPower"), a leading manufacturer and distributor of
purpose-built, all-electric, zero-emission medium and heavy-duty
vehicles serving the cargo and delivery market, shuttle and transit
space and school bus sector, today announced record delivers of its
all-electric school buses during the second quarter of fiscal
2024.
"During the quarter, GreenPower focused on increased production,
sales and deliveries of its all-electric, purpose-built school bus
products," said Fraser Atkinson, CEO
of GreenPower. "Manufacturing of the Type A Nano BEAST is underway
at the South Charleston facility
and the West Virginia production
team also made preparations for the start of Type D BEAST
production which will begin this fall."
GreenPower delivered a record 16 purpose-built school buses in
the second quarter of fiscal 2024 which ended September 30, 2023. Of that total, 13 were BEAST
school buses and three were the award-winning Nano BEAST school
buses.
"In addition to production and deliveries, GreenPower
concentrated on future sales from coast-to-coast," added
Michael Perez, GreenPower's Vice
President of School Bus, Contracts and Grants. "We worked with our
dealer network across the country to ensure compliance with
differing state school bus specifications. We helped school
districts nationwide apply for the second round of the EPA Clean
School Bus Program. And we helped schools with planning and
development of their charging infrastructure so that they are ready
for deployment once they take delivery of their new all-electric
GreenPower school buses."
Perez referenced an increasing number of states that are either
mandating the switch to all-electric school buses, providing funds
and incentives to change, or both. California is the most recent state to join
Connecticut, Maine, Maryland and New
York in mandating the purchase of zero-emission school buses
when Governor Gavin Newsom signed
legislation providing funding of up to $5
billion to complete the state's transition to zero-emission
school buses by 2035.
The California HVIP program has also extended the date for
submissions for the public-school bus set-aside funding of
$285,000 for a Type A eligible school
bus without a wheelchair lift and $310,000 with a wheelchair lift and $370,000 for a Type D eligible school bus without
a wheelchair lift and $395,000 with a
wheelchair lift. Model 1 Commercial Vehicles (formerly Creative Bus
Sales) is GreenPower's exclusive dealer for its Type A Nano BEAST
and Type D BEAST school buses in California.
In addition to school bus deliveries, GreenPower also delivered
14 commercial vehicles consisting of 12 EV Star passenger vehicles,
an EV Star Cargo and an EV Star specialty vehicle. While there were
no deliveries of EV Star Cab and Chassis in the quarter, GreenPower
presently has more than 50 ready for delivery.
Contacts:
Fraser
Atkinson, CEO
fraser@greenpowermotor.com
Michael Perez, VP of School Bus,
Contracts and Grants
michael@greenpowermotor.com
Allie Potter
Skyya PR for GreenPower
(218) 766-8856
allie@skyya.com
About GreenPower Motor Company
Inc.
GreenPower designs, builds and distributes a
full suite of high-floor and low-floor all-electric medium and
heavy-duty vehicles, including transit buses, school buses,
shuttles, cargo vans and a cab and chassis. GreenPower employs a
clean-sheet design to manufacture all-electric vehicles that are
purpose-built to be battery powered with zero emissions while
integrating global suppliers for key components. This OEM platform
allows GreenPower to meet the specifications of various operators
while providing standard parts for ease of maintenance and
accessibility for warranty requirements. GreenPower was founded in
Vancouver, Canada with primary
operational facilities in southern California. Listed on the Toronto exchange since November 2015, GreenPower completed its U.S. IPO
and NASDAQ listing in August 2020.
For further information go to www.greenpowermotor.com.
Forward-Looking Statements
This document
contains forward-looking statements relating to, among other
things, GreenPower's business and operations and the environment in
which it operates, which are based on GreenPower's operations,
estimates, forecasts and projections. Forward-looking statements
are not based on historical facts, but rather on current
expectations and projections about future events, and are therefore
subject to risks and uncertainties which could cause actual results
to differ materially from the future results expressed or implied
by the forward-looking statements. These statements generally can
be identified by the use of forward-looking words such as "upon",
"may", "should", "will", "could", "intend", "estimate", "plan",
"anticipate", "expect", "believe" or "continue", or the negative
thereof or similar variations. These statements are not guarantees
of future performance and involve risks and uncertainties that are
difficult to predict. A number of important factors including those
set forth in other public filings (filed under the Company's
profile on www.sedar.com) could cause actual outcomes and results
to differ materially from those expressed in these forward-looking
statements. Consequently, readers should not place any undue
reliance on such forward-looking statements. In addition, these
forward-looking statements relate to the date on which they are
made. GreenPower disclaims any intention or obligation to update or
revise any forward-looking statements whether as a result of new
information, future events or otherwise.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release. All amounts are in U.S. Dollars ©2023
GreenPower Motor Company Inc. All rights reserved.
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SOURCE GreenPower Motor Company