GreenPower Ships Eight EV Star Passenger Vans to Washington University in St. Louis For Follow-on Order

Rhea-AI Summary

GreenPower Motor Company has shipped eight EV Star Passenger Vans to Washington University in St. Louis, with two more to be delivered later this quarter. This follow-on order adds to the university's existing fleet of five EV Star vans used for campus transportation. The vehicles feature a 150-mile range, dual charging capabilities, and ADA accessibility options. Since October 1st, GreenPower has also delivered nine Type D BEAST school buses, one Type A Nano BEAST, and two additional EV Star Passenger Vans with ADA features. The company reports that current quarter deliveries have nearly exceeded the previous quarter's total.

Positive

• Strong delivery momentum with Q4 deliveries already surpassing previous quarter
• Secured repeat order from existing customer demonstrating product satisfaction
• Expanding presence in educational institution market

Negative

• None.

LOS ANGELES, Nov. 15, 2024 /PRNewswire/ -- GreenPower Motor Company Inc. (NASDAQ: GP) (TSXV: GPV) ("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 that eight EV Star Passenger Vans have been shipped to Washington University in St. Louis, Missouri for on-campus student transportation with an additional two to be delivered later this quarter.

"We are excited to be deploying this follow-on order to Washington University," said Claus Tritt, GreenPower's Vice President of Medium-Duty and Commercial Sales. "The University has been providing student transportation on campus for almost two years now with five EV Star Passenger Vans. The addition of 10 more all-electric, purpose-built, zero-emission GreenPower vehicles will allow the University to provide safe, sustainable and healthy transportation for its students, faculty, staff and visitors."

The shipment of the eight EV Star Passenger Vans continues the delivery schedule GreenPower has set during the first half of this quarter. In addition to the eight vehicles shipped to WashU, GreenPower has delivered nine Type D BEAST all-electric, purpose-built, zero-emission school buses, one Type A Nano BEAST and two EV Star Passenger Vans with rear ADA lift and wheelchair securements.  "The deliveries since October 1^st have almost surpassed the total number of vehicles delivered in the last quarter," said Fraser Atkinson, CEO of GreenPower. "We expect to continue deliveries through to the end of the calendar year, finishing 2024 strong."

The EV Star Passenger Vans for Washington University in St. Louis are multi-purpose, zero-emission vehicles with a range of up to 150 miles and offer dual charging capabilities as a standard feature. They are purpose-built to be all-electric vehicles and have the most versatile seating configurations and carrying capacity in its class. The vehicles come with an electric bus door for easy accessibility and rear BraunAbility ADA lifts and Q'STRAINT wheelchair securement positions. The WashU vehicles also include an optional bike rack on the front of each van to provide further mobility options for the students.

Contacts:

Claus Tritt, Vice President of Medium-Duty and Commercial Vehicle Sales
claus.t@greenpowermotor.com

Fraser Atkinson, CEO
fraser@greenpowermotor.com 

Mark Nestlen, Vice President of Business Development and Strategy
mark.n@greenpowermotor.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. Such forward looking statements include, among other things, that GreenPower expects to continue to deliver vehicles through to the end of the calendar year. 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. ©2024 GreenPower Motor Company Inc. All rights reserved.

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SOURCE GreenPower Motor Company

FAQ

How many EV Star Passenger Vans did GreenPower (GP) ship to Washington University in November 2024?

GreenPower shipped eight EV Star Passenger Vans to Washington University in St. Louis, with two additional vans scheduled for delivery later in the quarter.

What is the range of GreenPower's (GP) EV Star Passenger Van?

The EV Star Passenger Van has a range of up to 150 miles and comes with dual charging capabilities as a standard feature.

How many vehicles has GreenPower (GP) delivered since October 1st, 2024?

Since October 1st, 2024, GreenPower has delivered eight EV Star Passenger Vans to WashU, nine Type D BEAST school buses, one Type A Nano BEAST, and two EV Star Passenger Vans with ADA features.