Welcome to our dedicated page for GreenPower Mtr Co news (Ticker: GP), a resource for investors and traders seeking the latest updates and insights on GreenPower Mtr Co stock.
GreenPower Motor Company Inc. (NASDAQ: GP) is a manufacturer and distributor of all-electric, purpose-built, zero-emission medium and heavy-duty vehicles, with activity across the cargo and delivery market, shuttle and transit space and school bus sector. The news flow around GreenPower often reflects developments in these areas, as well as corporate and financing updates.
News about GreenPower includes announcements on manufacturing facilities and geographic expansion, such as its agreement with the New Mexico Economic Development Department to establish operations in Santa Teresa, New Mexico. The company has highlighted that this facility is expected to become its base for North American operations and U.S. corporate headquarters, supported by state incentives and the region’s Foreign Trade Zone designation.
Investors and observers can also find coverage of GreenPower’s financing activities, including credit facilities, term loans and preferred share financings. These items are often described by the company as supporting recapitalization, production of all-electric vehicles and conversion of contracted orders, particularly in the school bus segment.
Product- and market-related news features the company’s EV Star Class 4 commercial vehicle lineup and its all-electric school buses. Releases have discussed eligibility of EV Star vehicles for incentive programs such as California’s Clean Truck and Bus Voucher Incentive Project (HVIP) and the New Jersey Zero-Emission Incentive Program (NJ ZIP), as well as pilot projects involving all-electric, zero-emission school buses in certain U.S. states.
By following GreenPower news on this page, readers can review company-issued updates on vehicle programs, facility plans, incentive program participation and capital markets activity, all of which are relevant to understanding how GreenPower positions its all-electric medium and heavy-duty vehicles within the transportation and manufacturing sectors.
GreenPower (Nasdaq: GP) regained compliance with Nasdaq Listing Rule 5550(b)(1) on Feb. 16, 2026 after a series of capital transactions. The company completed an equity offering of Series A convertible preferred shares for up to $18 million, secured $5 million in term loans, and restructured related-party debt.
Nasdaq will monitor the company for one year; the common stock continues to trade under GP.
GreenPower (Nasdaq: GP) reported Q3 FY2026 revenue of $8.5 million and net income of $4.2 million for the period ended December 31, 2025. Gross profit on vehicle sales was approximately 28% and SG&A fell to $2.4 million from $5.2 million a year earlier.
The company reported working capital of more than $5 million, raised $1.12 million from Series A convertible preferred shares, secured subsequent $5 million in term loans, and obtained a banking relationship with CIBC while executing related‑party loan exchanges for convertible instruments.
GreenPower Motor Company (Nasdaq: GP) closed CIBC financing facilities totaling US$5.0 million on Jan 14, 2026: a US$3.0 million revolving line of credit and a US$2.0 million three-year term loan. Two directors provided joint and several personal guarantees up to US$5.0 million to support the facilities.
As compensation, the company agreed to issue 2,016,129 non-transferable warrants exercisable at US$1.24 for 36 months and to issue 403,225 common shares to one guarantor. Net proceeds repaid and closed the prior operating line; the remainder will be used for general corporate purposes. Securities issued are subject to a four-month-plus-one-day hold period. The related-party issuances are exempt from formal valuation and minority approval under MI 61-101.
GreenPower (NASDAQ: GP) announced plans to open a manufacturing facility in Santa Teresa, New Mexico, citing the region's EV ecosystem and Foreign Trade Zone benefits. The state committed $14.6 million in incentives, including a $5.0 million LEDA grant, $4.6 million in JTIP funds, $1.36 million in Rural Jobs Tax Credit and $3.65 million in High-Wage Jobs Tax Credit. The project is expected to create 340 permanent jobs, begin setup in Q1 2026 and take possession of the plant on June 1, 2026.
GreenPower (Nasdaq: GP) announced credit approvals and closed financings totaling US$10.0 million on Jan 8, 2026. The company received CIBC credit approval for US$5.0 million (a US$3.0M revolving line and a US$2.0M three-year term loan) plus a US$450,000 cash‑collateralized letter of credit and a letter of credit facility up to US$2.5M (subject to another lender's approval). GreenPower also closed US$5.0M in term loans from two family offices backed by personal guarantees. The company agreed to issue 3,205,128 warrants at US$0.78 (36 months) and 641,025 shares to one family office. Proceeds will repay an existing operating line and fund general corporate purposes to support production and order fulfillment.
GreenPower Motor Company (NASDAQ: GP) will establish a new 135,000 sq. ft. North American manufacturing facility and US corporate headquarters in Santa Teresa, New Mexico, creating more than 340 jobs and generating an estimated $200 million in economic impact over the next decade. The company qualified for state incentives including a $5.0M LEDA award, $4.6M job training funds, $1.36M Rural Jobs Tax Credit, and $3.65M High-Wage Jobs Tax Credit. The site benefits from a Foreign Trade Zone designation to support cross-border production and distribution of zero-emission vehicles.
GreenPower (Nasdaq: GP) announced its EV Star line is eligible for up to $130,000 in California HVIP incentives as the program reopened on December 16, 2025 with more than $140 million in Standard funding available.
Standard HVIP offers $60,000 base vouchers per Class 4 zero-emission vehicle for fleets with 20+ vehicles, while small business fleets (≤20 vehicles and <$15M revenue) can qualify for up to $130,000 per vehicle. The Innovative Small E-Fleet program reserves $20 million for flexible adoption models. Funding is first-come, first-served; fleets should prepare documentation and work with dealers to submit vouchers quickly.
GreenPower (NASDAQ: GP) announced its EV Star line is eligible for incentives under the reopened New Jersey Zero-Emission Incentive Program (NJ ZIP), effective Nov 24, 2025. Class 4 EV Star models qualify for base vouchers of $65,000 and, with stackable bonuses, may receive more than $90,000 per vehicle. NJ ZIP reopened with $75 million in total funding split into two rounds of $37.5 million each.
Separately, the new NJ ZEV Financing Program offers fixed, low-interest loans from $50,000 to $500,000 for up to 100% of eligible vehicle costs, usable alongside NJ ZIP vouchers.
GreenPower (NASDAQ: GP) announced that parties will not proceed with certain EV Star Cab & Chassis orders and the company will retain $6.8 million of previously deferred deposit payments as revenue for the quarter ending Dec 31, 2025.
The recognition of $6.8M of deferred revenue reduces the company’s liabilities and increases shareholders’ equity by the same amount. GreenPower said the manufactured EV Star Cab & Chassis units will be repurposed to produce its all-electric Type A Nano BEAST school bus, which the company expects will shorten production lead times and support accelerated revenue recognition, margin expansion, and improved operating cash flow.
GreenPower (NASDAQ: GP) announced on Nov 14, 2025 an accelerated production plan for its all-electric school buses supported by a financing facility of up to $18 million (deployable in tranches up to $2 million).
The facility is intended to convert a record backlog of more than $50 million in contracted Nano BEAST and BEAST school buses into deliveries; the company says it pre-built over 100 Nano BEAST cab chassis and 30 BEAST chassis (more than 130 chassis) to shorten lead times, accelerate revenue recognition, improve gross margins, and move toward positive operating cash flow.