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All-electric school bus pilot gearing up in New Mexico

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GreenPower Motor Company (NASDAQ: GP) has launched the New Mexico All-Electric, Zero-Emission School Bus Pilot Project in partnership with the New Mexico Economic Development Department. The two-year pilot will initially deploy three Type A Nano BEAST electric school buses in Las Vegas public schools and Santa Fe charter school during 2025-26, followed by two Type D BEAST and one Mega BEAST buses in 2026-27.

The state has committed $5 million in capital outlay for the initial pilot, with a potential additional $15 million following successful completion. The Nano BEAST features a 118 kWh battery pack with up to 140-mile range and can accommodate 24 passengers. The pilot supports New Mexico's Energy Transition Act, aiming for 100% zero-carbon electricity by 2045.

GreenPower Motor Company (NASDAQ: GP) ha avviato il New Mexico All-Electric, Zero-Emission School Bus Pilot Project in collaborazione con il New Mexico Economic Development Department. Il progetto pilota biennale prevede inizialmente l’immissione in servizio di tre autobus scolastici elettrici Type A Nano BEAST nelle scuole pubbliche di Las Vegas e in una scuola charter di Santa Fe nel 2025-26, seguita da due autobus Type D BEAST e un Mega BEAST nel 2026-27. Lo Stato ha stanziato $5 milioni in spese in conto capitale per il pilota iniziale, con la possibilità di ulteriori $15 milioni a seguito del completamento con successo. Il Nano BEAST è dotato di una batteria da 118 kWh con autonomia fino a 140 miglia e può trasportare 24 passeggeri. Il pilota sostiene l’Energy Transition Act del New Mexico, che punta a fornire il 100% di elettricità a zero carbonio entro il 2045.

GreenPower Motor Company (NASDAQ: GP) ha lanzado el Proyecto Piloto All-Electric, Zero-Emission School Bus de Nuevo México en asociación con el Departamento de Desarrollo Económico de Nuevo México. El piloto de dos años desplegará inicialmente tres autobuses escolares eléctricos Type A Nano BEAST en escuelas públicas de Las Vegas y en una escuela charter de Santa Fe durante 2025-26, seguido de dos autobuses Type D BEAST y un Mega BEAST en 2026-27. El estado ha comprometido $5 millones en gasto de capital para el piloto inicial, con un posible $15 millones adicionales tras una finalización exitosa. El Nano BEAST cuenta con una batería de 118 kWh con alcance de hasta 140 millas y puede acomodar 24 pasajeros. El piloto apoya la Energy Transition Act de Nuevo México, que busca 100% electricidad sin carbono para 2045.

GreenPower Motor Company (NASDAQ: GP)가 뉴멕시코 주 경제개발부와 협력하여 뉴멕시코 전기 무배출 스쿨버스 파일럿 프로젝트를 시작했습니다. 2년 간의 파일럿은 2025-26년에 라스베가스 공립학교와 산타페 차터스쿨에 Type A Nano BEAST 전기 스쿨버스 3대를 우선 배치하고, 2026-27년에는 Type D BEAST 2대와 Mega BEAST 1대를 이어 deployment합니다. 주정부는 초기 파일럿에 대해 $5백만의 자본 지출을 약속했고, 성공적으로 완료되면 추가로 $15백만이 가능하다고 밝혔습니다. Nano BEAST는 118 kWh 배터리 팩을 갖추고 최대 주행거리 140마일, 승객 수용 인원은 24명입니다. 파일럿은 뉴멕시코의 Energy Transition Act를 지지하며 2045년까지 100% 무탄소 전기에 도달하는 것을 목표로 합니다.

GreenPower Motor Company (NASDAQ: GP) a lancé le projet pilote All-Electric, Zero-Emission School Bus du Nouveau-Mexique en partenariat avec le Department of Economic Development du Nouveau-Mexique. Le pilote, sur deux ans, déploiera initialement trois bus scolaires électriques Type A Nano BEAST dans les écoles publiques de Las Vegas et une école charter de Santa Fe en 2025-2026, puis deux bus Type D BEAST et un Mega BEAST en 2026-2027. L’État s’est engagé à 5 millions de dollars en dépenses d’investissement pour le pilote initial, avec la possibilité d’un autre 15 millions de dollars après une réussite. Le Nano BEAST est équipé d’une batterie de 118 kWh offrant une autonomie allant jusqu’à 140 milles et peut transporter 24 passagers. Le pilote soutient l’Energy Transition Act du Nouveau-Mexique, visant à atteindre 100% d’électricité sans carbone d’ici 2045.

GreenPower Motor Company (NASDAQ: GP) hat das New Mexico All-Electric, Zero-Emission School Bus Pilot Project in Partnerschaft mit dem New Mexico Economic Development Department gestartet. Der zweijährige Pilot wird zunächst im Schuljahr 2025-26 drei Typ A Nano BEAST-Elektro-Schulbusse in öffentlichen Schulen von Las Vegas sowie in einer Santa-Fe-Charter-Schule einsetzen, gefolgt von zwei Typ D BEAST- und einem Mega BEAST-Bus in 2026-27. Der Staat hat 5 Millionen US-Dollar für die Anfangspiloten bereitgestellt und eine mögliche weitere 15 Millionen US-Dollar nach erfolgreichem Abschluss. Der Nano BEAST verfügt über ein 118-kWh-Batteriepaket mit einer Reichweite von bis zu 140 Meilen und fasst bis zu 24 Passagiere. Der Pilot unterstützt das Energy Transition Act von New Mexico mit dem Ziel, bis 2045 100% kohlenstofffreien Strom zu erreichen.

GreenPower Motor Company (النطاق: GP) أطلقت مشروعاً تجريبياً للحافلات المدرسية الكهربائية كلياً وخالية من الانبعاثات في نيو مكسيكو بالشراكة مع وزارة التنمية الاقتصادية في نيو مكسيكو. سيستمر المشروع لمدة عامين، وسيتم في البداية نشر ثلاثة حافلات مدرسية كهربائية من النوع A Nano BEAST في مدارس لاس فيغاس العامة ومدرسة تشارترب في سانتا فيه خلال 2025-2026، تليها حافلتان من النوع D BEAST وحافلة Mega BEAST في 2026-2027. وقررت الولاية تخصيص $5 ملايين كإنفاق رأسمالي للم pilot الأول، مع إمكانية $15 مليون إضافي بعد الانتهاء الناجح. تتميز Nano BEAST بحزمة بطارية 118 kWh وبمدى يصل إلى 140 ميلاً، وباستيعاب حتى 24 راكباً. يدعم المشروع Energy Transition Act في نيو مكسيكو، الذي يهدف للوصول إلى طاقة كهربائية خالية من الكربون 100% بحلول عام 2045.

GreenPower Motor Company (NASDAQ: GP) 已与新墨西哥州经济发展部合作启动新墨西哥全电动、零排放校车试点项目。为期两年的试点将于2025-26年在拉斯维加斯公立学校和圣菲特许学校先部署三辆 Type A Nano BEAST 电动校车,2026-27年再部署两辆 Type D BEAST 和一辆 Mega BEAST。州政府已为初始试点拨付500万美元的资本支出,如试点成功,后续还有额外的1500万美元。Nano BEAST 配备118 kWh 电池组,续航可达约140英里,可容纳24名乘客。试点支持新墨西哥的能源转型法,目标到2045年实现100%零碳电力。

Positive
  • Secured $5 million state funding with potential for additional $15 million after successful pilot
  • Strategic partnership with New Mexico government supports expansion into public sector
  • Pilot program could lead to broader fleet deployment in Department of Transportation and General Services
  • Project aligns with state's zero-carbon electricity goals, positioning for future growth
Negative
  • Project success dependent on two-year pilot performance metrics
  • Implementation requires significant infrastructure and training investment
  • Limited initial deployment of only three buses in first phase

Insights

GreenPower secured a $5M NM pilot project with potential for $15M expansion, marking significant EV school bus market penetration.

This two-year pilot project between GreenPower Motor Company and New Mexico represents a noteworthy development in the electric school bus market. The initial $5 million capital outlay from New Mexico will fund three Type A Nano BEAST electric school buses in the first year, followed by two Type D BEAST and one Mega BEAST in the second year.

What makes this pilot strategically valuable is its structured approach to data collection. The buses will rotate through five pilot rounds across different schools each year, with each round lasting six weeks. This will generate crucial real-world data on range performance, charging infrastructure requirements, maintenance savings, and community acceptance. GreenPower's partnership with Highland Electric Fleets for charging systems and Geotab for telematics strengthens the technical implementation.

The pilot aligns with New Mexico's Energy Transition Act, which targets 100% zero-carbon electricity by 2045. The state has indicated that following successful pilot phases, they will support an additional $15 million for more school buses and expand electric vehicle adoption in other state departments.

For GreenPower, this represents more than just immediate revenue – it's establishing a potential recurring customer relationship with significant expansion opportunities. The company's strategy of focusing first on smaller Type A buses before introducing larger models allows districts to gradually adapt to the new technology while reducing implementation barriers. If successful, this pilot could serve as a blueprint for other states looking to electrify school transportation under similar phased approaches.

State and GreenPower announce electric school bus pilot in Las Vegas, Santa Fe

Governor Michelle Lujan Grisham
EDD Cabinet Secretary Rob Black
EDD Deputy Cabinet Secretary Isaac Romero
GreenPower President Brendan Riley
GreenPower CEO Fraser Atkinson

SANTA FE, N.M., Sept. 29, 2025 /PRNewswire/ -- GreenPower Motor Company Inc. ("GreenPower") and the New Mexico Economic Development Department have announced the launching of the New Mexico All-Electric, Purpose-Built, Zero-Emission School Bus Pilot Project at two Las Vegas public schools and a Santa Fe charter school.

GreenPower (NASDAQ: GP) (TSXV: GPV), a leading manufacturer and distributor of all-electric, purpose-built, zero-emission medium and heavy-duty vehicles serving the cargo and delivery market, shuttle and transit space, and school bus sector, today announced the launch of the New Mexico All-Electric, Purpose-Built, Zero-Emission School Bus Pilot Project with deployments of the Type A Nano BEAST at the Las Vegas City Schools and West Las Vegas Schools and the Type A Nano BEAST Access at the Monte del Sol Charter School in Santa Fe.

"GreenPower is pleased to begin this two-year pilot project with the State of New Mexico with three Nano BEASTs  in schools that are excited to evaluate all-electric transportation options for school kids," said Brendan Riley, president of GreenPower. "By focusing the first year of the project on the Type A Nano BEAST, the state and school districts will have a unique opportunity to see how the all-electric vehicle performs in differing conditions with different sets of charging infrastructure."

GreenPower entered into an MOU with the State of New Mexico to assess the viability and reliability of fast charging in various environments and circumstances. The school districts' participation in the pilot is voluntary, and the state has agreed to support the program with $5 million in capital outlay appropriation to purchase the vehicles and cover the cost of the pilot project.

The 2-year pilot program supports New Mexico's dedication to the Energy Transition Act, designed to transition the state toward the goal of 100% zero-carbon electricity supply by 2045, while also providing support for affected communities and ensuring cost protections for residents.

According to the MOU, after two successful pilot phases, EDD will support an additional $15 million for more school buses. The state also pledges to work with GreenPower to expand the all-electric, zero-emission commercial fleet at the Department of Transportation and the General Services Department.

The two-year pilot project will deploy three GreenPower Type A all-electric, purpose-built, zero-emission school buses in the first school year (2025-26), and two GreenPower Type D all-electric, purpose-built, zero-emission BEAST school buses and one Mega BEAST school bus in the second school year (2026-27). The school buses will rotate around the state for five pilot rounds each school year, with each round lasting six weeks. GreenPower will install charging systems through its Pilot Project partnership with Highland Electric Fleets, provide training for drivers, mechanics, and the community's first responders, and track telematics through a partnership with Geotab. GreenPower will provide a detailed report to the state at the end of each school year.

"Among some of the data that will be collected is range, charging infrastructure needs, handling and maneuverability, operating and maintenance savings, student and parent acceptance, and more," said GreenPower CEO Fraser Atkinson. "The data will help with the idea of change as schools look to create a new beginning of a clean, healthy school day."

"As we transition towards a more flexible, diversified, and environmentally sustainable economy, we are dedicated to achieving carbon-free power," stated Rob Black, cabinet secretary of EDD. "This is also an opportunity to introduce young students to alternative energy sources. The steps we take today will not only promote a greener future but also inspire a new generation of environmental stewards."

"Las Vegas City Schools is proud to be one of three New Mexico schools participating in this first round of the GreenPower pilot project, and we look forward to seeing how an all-electric school bus can benefit our school system and students," said Melissa Sandoval, Superintendent at Las Vegas City Schools.

"We have been looking at grant opportunities to begin migrating from diesel to all-electric school buses for the past couple of years," said Christopher Gutierrez, superintendent at West Las Vegas Schools. "Participating in this pilot project will allow us to determine the best ways to integrate zero-emission buses into our fleet."

"Our charter school is always searching for new, innovative ways to serve our students and communities," said Dr. Zoe Nelson, head learner for Monte del Sol Charter School. "We are honored to have been chosen to participate in the state's all-electric school bus pilot program. Our school believes in safe, sustainable, and sensible alternatives, and I cannot wait to see the multitude of benefits this investment will yield for the deserving children of the Land of Enchantment."

About the Nano BEAST
The Nano BEAST has a standard 118 kWh battery pack and a range of up to 140 miles. Configured for up to 24 passengers, it features a seamlessly integrated aluminum body made from extruded aluminum manufactured by Constellium. The Nano BEAST is built on the EV Star Cab & Chassis which is the same platform as the EV Star Passenger Van that passed the FTA Altoona Bus Testing program with one of the highest scores ever achieved. The dual port charging is standard, with Level 2 rates up to 19.2 kW and DC Fast Charging rates up to 60 kW. Nano BEAST Access has seating for up to 20 ambulatory passengers and up to 3+ Q'STRAINT wheelchair securements, complemented with a BraunAbility rear curbside lift.

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 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.

Media Contacts:

Mark Nestlen
Project Manager, GreenPower
405-850-9571
barnonemark@gmail.com

Chris Chaffin
Director of Communications, State of New Mexico EDD
505-490-7962
chris.chaffin@edd.nm.gov

Fraser Atkinson
CEO, GreenPower
fraser@greenpowermotor.com

Brendan Riley
President, GreenPower
brendan@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.sedarplus.ca or www.sec.gov)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. ©2025 GreenPower Motor Company Inc. All rights reserved.

 

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SOURCE GreenPower Motor Company

FAQ

What is the value of GreenPower's (GP) New Mexico school bus pilot program?

The pilot program is funded with $5 million in initial capital outlay, with potential for an additional $15 million following successful completion of the two pilot phases.

How many electric school buses will GreenPower (GP) deploy in New Mexico?

GreenPower will deploy three Type A Nano BEAST buses in the first year (2025-26) and three additional buses (two Type D BEAST and one Mega BEAST) in the second year (2026-27).

What is the range of GreenPower's Nano BEAST electric school bus?

The Nano BEAST features a 118 kWh battery pack and can travel up to 140 miles on a single charge.

Which New Mexico schools are participating in GreenPower's electric bus pilot?

The pilot program includes Las Vegas City Schools, West Las Vegas Schools, and Monte del Sol Charter School in Santa Fe.

How does the GreenPower (GP) pilot program align with New Mexico's environmental goals?

The program supports New Mexico's Energy Transition Act, which aims to achieve 100% zero-carbon electricity supply by 2045.
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