Welcome to our dedicated page for GreenPower Mtr news (Ticker: GP), a resource for investors and traders seeking the latest updates and insights on GreenPower Mtr stock.
GreenPower Motor Company Inc. designs, builds and distributes all-electric medium- and heavy-duty vehicles for cargo and delivery, shuttle, transit and school bus markets. Its product references include high-floor and low-floor transit buses, school buses, shuttles, cargo vans and cab-and-chassis platforms built around a purpose-built electric OEM design.
GreenPower news commonly covers operating and financial results, vehicle production strategy, customer-order activity, financing facilities, convertible preferred share transactions, Nasdaq listing compliance, auditor and board changes, annual meeting results and other governance matters tied to its public-company status.
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
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.
GreenPower (NASDAQ: GP) announced a preferred share financing facility of up to US$18.0 million through issuance of Series A Convertible Preferred Shares on November 14, 2025.
The company issued initial tranches totaling 1,179,000 stated value (754 shares via a shelf public offering and 425 shares in a concurrent private placement) and a follow-on tranche of 926,000 stated value to be issued after a later registration. The facility allows additional tranches up to $2 million each to a $16 million incremental cap. Series A pays a 9% annual dividend and is convertible into common shares under stated conversion formulas and adjustment provisions. The company will pay a 5% cash placement fee to Digital Offering LLC.
GreenPower (NASDAQ: GP) announced a voluntary delisting of its common shares from the TSX Venture Exchange, effective at the close of business on November 14, 2025. The company cited consistently low trading volumes on the TSXV—less than 2% of NASDAQ trading for the nine months ended September 30, 2025—plus cost and operational efficiency reasons. GreenPower will maintain its NASDAQ listing and remain a reporting issuer under Canadian securities laws; shareholders retain ownership and can trade on NASDAQ.
GreenPower (Nasdaq: GP) announced that its EV Star Class 4 vehicles are eligible for up to $130,000 per vehicle under California's Innovative Small E‑Fleet (ISEF) set‑aside within HVIP. The ISEF program reopens October 21, 2025 with $30.5 million available and offers Small Business Vouchers covering up to 90% of new vehicle cost (ex‑tax) for fleets with ≤20 vehicles and $15M revenue. GreenPower said multiple EV Star passenger and commercial models are immediately eligible and available for upfits and delivery. Separately, GreenPower reported issuing 77,202 shares under its ATM in Q3 2025 for gross proceeds of $357,132 (net $346,418).
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.