GreenPower Announces Deployment of Year Two of the New Mexico Pilot Project
Rhea-AI Summary
GreenPower Motor Company (NASDAQ: GP) announced the start of year two of the New Mexico All-Electric, Purpose-Built, Zero-Emission School Bus Pilot Project, launching the Type D phase after completing the Type A Nano BEAST phase last May. For the 2026-2027 school year, two Type D BEAST buses will rotate statewide and a third will operate in West Las Vegas for the vehicle-to-grid (V2G) portion. The 40-foot BEAST, now New Mexico-certified, seats up to 84 students and offers Level 2 charging up to 19.2 kW and DC fast charging up to 85 kW, enabling full charges in under three hours. Year one Nano BEAST deployments covered more than 17,000 miles, carrying hundreds of students and eliminating over two tons of CO2 emissions, while informing new cold-weather upgrades now standard on the Nano BEAST.
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Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Aug 18 | Preferred financing | Negative | -2.4% | Fourth tranche issued 1,500 convertible preferred shares for US$1,425,000 gross proceeds. |
| Jul 10 | Filing completion | Positive | -0.7% | British Columbia securities regulator revoked the cease trade order after annual filings were completed. |
| Jul 07 | Filing delay | Negative | -1.9% | Missed Canadian filing deadline triggered a cease trade order from the British Columbia regulator. |
| May 21 | Heating solution | Positive | -2.7% | Cold weather package added heated battery packs while preserving range and incentive eligibility. |
| May 01 | Leadership transition | Neutral | -2.7% | Sebastian Giordano resigned from the board and moved into an advisory role. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
GP's recent news reactions were negative across financing and filing events, while positive operational or compliance announcements also diverged with negative price reactions.
Key Terms
v2g technical
nox technical
level 2 technical
dc fast charging technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
Santa Teresa, New Mexico--(Newsfile Corp. - August 28, 2026) - GreenPower Motor Company Inc. (NASDAQ: GP) ("GreenPower"), 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 start of year two of the New Mexico All-Electric, Purpose-Built, Zero-Emission School Bus Pilot Project. The deployment next week begins the Type D portion of the two-year pilot project that saw a successful conclusion to the Type A portion last May.
"Building on a successful year one of the New Mexico pilot project, GreenPower is looking forward to the deployment of its Type D BEAST school bus across the state for the 2026-2027 school year. Two BEAST school buses will rotate around the state, and the third will be deployed for the school year in West Las Vegas for the V2G portion of the pilot," said GreenPower President Brendan Riley. "Nine school districts successfully piloted three Nano BEASTs last school year and this year-two of the project builds on those accomplishments."
GreenPower's BEAST, which received New Mexico certification during an inspection by the state this week, is a purpose-built 40-foot Type D all-electric, zero-emission school bus with seating for up to 84 students. Designed from the ground up as an EV, it is a fully integrated structure that features a strong and corrosion resistant aluminum body made from extruded aluminum, manufactured by Constellium, seamlessly mated to a high strength steel Truss (bus) chassis. The complete flat floor design allows for adjustable track seating with no wheel wells in the passenger compartment, and the high floor keeps students out of the impact zone. Combined port charging is standard with Level 2 rates up to 19.2 kW and DC Fast Charging rates up to 85 kW, allowing for full charging in less than three hours.
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"We were pleased that the BEAST passed inspection requirements in New Mexico this week just as the Nano BEAST did last year prior to the deployment of those vehicles. Both the Type A Nano BEAST and Type D BEAST school buses are now certified compliant in New Mexico and are available for any deployments," Riley continued.
During the first year of the pilot, GreenPower's Nano BEAST successfully transported hundreds of school kids across the state for more than 17,000 miles to and from school in a safe, secure and sustainable manner. Deployment of those three school buses eliminated more than two tons of CO2 tailpipe emissions. That along with zero NOx and carbon monoxide emissions, a healthier ride is provided for kids riding inside the school bus.
The Nano BEASTs met all range requirements in year one with specific examples of buses going as much as 132 miles on a single charge. Depending on the route and charging infrastructure, buses went without midday charging and, in some cases, multiple days without charging while still meeting the transportation needs. There were even cases where the vehicle not only ran a morning and afternoon route, but also a midday route without charging problems or range issues.
Year one of the pilot did expose areas that needed to be addressed. The number one issue for the deployment was the electrical infrastructure serving parts of the state, particularly rural areas. An upgrade to electrical power to school, similar to what GreenPower had installed for the West Las Vegas School District, will be necessary to assist schools in long-term transition to cleaner, all-electric school buses.
As a direct response to feedback from school districts and transportation providers in the pilot who encountered challenges maintaining cabin heat and early morning charging, GreenPower's engineering team worked diligently to seamlessly integrate additional electric heaters into the Nano BEAST's passenger cabin, ensuring optimal performance without sacrificing range or efficiency. The cold weather package is now standard as a result of the pilot. (See May 21, 2026 press release for further details.)
"The cold weather package designed as a result of the New Mexico pilot includes the heating solution and heated battery packs," Riley stated. "Unlike other solutions that rely on non-electric heaters and risk losing zero-emission status, GreenPower's cold weather package preserves the Nano BEAST's eligibility for incentive funding and maintains its standing as a fully zero-emission vehicle. This approach enhances the health and safety of school kids, and supports safe, sensible and sustainable transportation and environmental goals and operational budgets for school districts."
A detailed report on the first year of the pilot is currently being prepared for distribution.
For further information contact:
Brendan Riley, President
(510) 910-3377
Fraser Atkinson, CEO
(604) 220-8048
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. 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 Company's public documents including those filed on SEDAR+ at www.sedarplus.ca and with the United States Securities and Exchange Commission filed on EDGAR at 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.
©2026 GreenPower Motor Company Inc. All rights reserved.
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