Grant Transit Authority Secures FTA Low-No Funding to Support
Purchase
LOS ANGELES, March 23, 2021 /PRNewswire/ -- GreenPower
Motor Company Inc. (NASDAQ: GP) (TSXV: GPV) ("GreenPower"), a
leading manufacturer and distributor of zero-emission,
electric-powered medium and heavy-duty vehicles, today announced
that it has received an order for four wirelessly charged, FTA Buy
America compliant EV Stars from Grant Transit in the state of
Washington.
The Four GreenPower EV Stars ordered by Grant Transit will
represent the first to include Momentum Dynamics' wireless charging
system, allowing for hands free charging by simply parking the
vehicle over the charging station. Grant Transit intends to
leverage funding from the FTA's $180
million funding for the 2021 Low-No Program to support the
purchase. As part of the process to secure the funding,
GreenPower successfully completed a Buy America compliance audit at
its southern California
facility.
Ryne Shetterly, VP of Sales and
Marketing at GreenPower, commented, "The state of Washington has always been on the forefront of
early adoption of zero-emission vehicles. Grant Transit proactively
solicited this funding and has demonstrated a commitment to their
riders, their community, and the overall wellbeing of their service
area by embarking on such a progressive project, which GreenPower
is very proud to be a part of." Shetterly continued, "The
fact that we are seeing orders outside the state of California speaks to the success that
GreenPower has had in terms of market outreach and we expect this
trend to continue. Our partners at Momentum Dynamics played a
significant role in winning this deal, and we look forward to
further collaboration in the future."
Greg Wright, General Manager at
Grant Transit Authority added, "Grant Transit Authority is pleased
to partner with GreenPower and Momentum Dynamics on our first
zero-emission, battery electric bus project. The purpose-built
battery electric EV Star buses will begin providing clean, quiet
service on routes serving the greater Moses Lake area in the fall of 2021."
Brendan Riley, President of
GreenPower, also commented, "We believe GreenPower has a
significant competitive advantage in our ability to deploy Buy
America compliant units, which leverage lucrative federal funding,
on the road over the immediate term. This is the first order
reflecting years of strategic planning, including undergoing
additional prerequisites for federal funding such as the EV Star's
completion of rigorous Altoona testing. By being in position
today to leverage federal funding, along with incorporating
progressive solutions such as wireless charging, we are very well
positioned to meet the demand for all electric vehicles as the
economy reopens, much as we did with Grant Transit."
GreenPower has leveraged its flagship EV Star Platform with six
distinct models serving the cargo, delivery and micro transit
markets. The EV Star is the only vehicle 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.
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, a cargo
van 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
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thereof or similar variations. These statements are not guarantees
of future performance and involve risks and uncertainties that are
difficult to predict or are beyond GreenPower's control. 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. © 2021 GreenPower Motor Company Inc. All
rights reserved.
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