Largest North American Zero Emissions Vanpool Continues Fleet
Expansion
LOS ANGELES, Sept. 8, 2020 /CNW/ -- GreenPower Motor
Company Inc. (NASDAQ: GP) (TSXV: GPV) ("GreenPower"), a
leading manufacturer and distributor of zero emissions electric
powered medium and heavy duty vehicles, announced today the
delivery of Green Commuter's next tranche of 20 EV Stars.
Green Commuter is a Los Angeles
based shared mobility company that provides zero emissions
solutions for vanpools, employee transportation, and delivery
vehicles. Green Commuter has placed three separate orders for EV
Stars with the first order consisting of three vehicles, followed
by two separate orders of 100 vehicles, for a total of 203 EV
Stars. After this delivery of 20 units, there will be 28 EV Stars
remaining on the initial 100 unit order which are expected to be
delivered this calendar year, with the second 100 unit order
expected to be delivered in 2021. To date, Green Commuter has
taken delivery of 71 EV Stars.
"Even through the pandemic, Green Commuter has continued to take
a steady delivery of EV Stars, highlighting the combination of
strong end demand and their ability to leverage available
incentives to improve the economics of this transaction for
GreenPower, Green Commuter and the end user," stated Brendan Riley, President of GreenPower.
"Green Commuter continues to utilize California HVIP vouchers,
making the vehicle more affordable for the end user while providing
all the environmental benefits of a zero emissions electric
vehicle. This is an early example of how GreenPower has
positioned itself, with the help of strategic partners such as
Green Commuter, leveraging programs such as HVIP, and others like
it on both a state and national level, rapidly expanding the number
of GreenPower vehicles on the road over the near term."
The EV Star is the only bus in its class that comes with a
standard J1772 level 2 and CCS DC fast combo charge system,
allowing for optimal flexibility in route planning for any duty
cycle. The bus is eligible for a base voucher of $90,000 from the California HVIP program and an
additional voucher of $10,000 when
the vehicle is operated in a disadvantaged community.
About GreenPower Motor Company Inc.
GreenPower
designs, builds and distributes a full suite of high-floor and
low-floor vehicles, including transit buses, school buses,
shuttles, a cargo van and a double decker. GreenPower employs
a clean-sheet design to manufacture all-electric buses that are
purpose built to be battery powered with zero emissions.
GreenPower integrates global suppliers for key components, such as
Siemens or TM4 for the drive motors, Knorr for the brakes, ZF for
the axles and Parker for the dash and control systems. 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. For further
information go to www.greenpowerbus.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 such as whether the TONY solution can be
easily integrated into GreenPower's EV Star at assembly, or are
beyond GreenPower's control, such as the ease with which new
technologies will be able to integrate with PRI's solution. 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 in U.S. dollars.© 2020
GreenPower Motor Company Inc. All rights reserved.
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SOURCE GreenPower Motor Company