Monarch Places Order for Four GreenPower EV
Star Cargo Plus Box Trucks
LOS
ANGELES, Feb. 15, 2024 /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 the appointment
of Monarch Truck Center, a premier medium-duty truck
dealer in the California Bay Area, as its commercial dealer
serving the St. Clara, San Jose
and Union City, California
markets.
"GreenPower is excited to welcome Monarch Truck Center to our
network of commercial EV truck dealers. They are a current customer
of GreenPower's wholly-owned subsidiary Lion Truck Body, making
this new dealer relationship a natural," said Claus Tritt, GreenPower's Vice President of
Medium-Duty and Commercial Vehicle Sales. "Monarch's customer
centric approach fits well with GreenPower's one-stop shop
philosophy for sales, upfitting, delivery and service. They have a
vested interest in their customer's business and value the overall
customer experience whether the customer is purchasing a vehicle,
renting, leasing or in need of service. The customer's satisfaction
is Monarch's first priority."
Monarch this week placed an order for four all-electric,
zero-emission GreenPower EV Star Cargo Plus commercial
vehicles which will immediately be available for sale to its
customers. With a standard 836 cubic feet of cargo capacity, the
purpose-built GreenPower EV Star Cargo Plus exceeds delivery needs
with improved payload to range ratios. The box truck has an optimal
battery placement which provides for a lower center of gravity
resulting in maximum cargo capacity of up to 5,000 pounds and a
range of up to 150 miles.
"We are proud to offer our customers the best vehicles available
in the marketplace," said Nicole
Guetersloh, President of Monarch. "Adding the GreenPower EV
Star lineup of purpose-built, Class 4 trucks to our inventory gives
us an opportunity to sell a proven all-electric vehicle to our
customers who are looking to reduce their carbon footprint with
zero-emission transportation."
Monarch is currently an authorized dealer for Isuzu, Hino and
REE (EV) trucks, and is the undisputed Bay Area leader in new and
used medium-duty truck sales and leasing. With years of experience
in building various truck applications for their own rental/lease
fleet, Monarch has learned how to design a truck that will fit the
needs of businesses in a variety of different industries and stand
up to the harsh world of day-to-day use. Being in the
rental/leasing business since 1976, Monarch's knowledgeable staff
provides expert advice about the ins and outs of all truck body
applications. With a 250 plus rental/lease fleet of box vans,
flatbeds, dumps and refrigeration trucks, Monarch knows what it
takes to maintain a vehicle and keep it running smoothly. Their
factory trained technicians, truck repairs, parts-service
department and body shop service help company's medium-duty trucks
stay on the road and operate at peak performance well past the
warranty date.
Guetersloh noted that Monarch has now been listed as an approved
California HVIP dealership for GreenPower all-electric,
purpose-built commercial vehicles. A HVIP approved dealer is
responsible for requesting vouchers on behalf of customers at the
point of purchase. HVIP accelerates commercialization of
zero-emission vehicles by making them more affordable through the
voucher program. "With an enhanced HVIP voucher, small fleet
operators have the ability to work with Monarch to purchase a brand
new GreenPower all-electric vehicle for less than $25,000 before taxes, and that is before any
realized federal tax credit benefit from the federal incentives
program," Tritt concluded.
Contacts:
Claus
Tritt
Vice President of Medium-Duty and Commercial Vehicle Sales
claus.t@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 ©2024
GreenPower Motor Company Inc. All rights reserved.
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SOURCE GreenPower Motor Company