LOS
ANGELES, Aug. 15, 2024 /CNW/ -- GreenPower
Motor Company Inc. (NASDAQ: GP) (TSXV: GPV)
("GreenPower"), a leading manufacturer and distributor of
purpose-built, all-electric, zero-emission medium and heavy-duty
vehicles serving the cargo and delivery market, shuttle and transit
space and school bus sector, today announced it will deliver five
Type D BEAST all-electric, purpose-built, zero-emission school
buses to two school districts in California this week.
"Delivery of our all-electric Type D BEAST school buses in
California this week shows the
continued preference for GreenPower's purpose-built product in the
marketplace," said Paul Start,
GreenPower Vice President of Sales – School Bus Group. "GreenPower
remains the only OEM to manufacture both a Class 4 purpose-built
Type A all-electric school bus in its Nano BEAST and a Type D
all-electric, purpose-built school bus in its BEAST. This product
combination allows school districts to meet its student
transportation needs, all while taking full advantage of state
incentives and programs."
Of the five BEASTs to be delivered this week, four will go to
the Cutler-Orosi Joint Unified School District and the fifth to the
Terra Bella Union Elementary School District. "We are pleased that
these school districts see the great health and safety benefits
provided by GreenPower's all-electric, purpose-built, zero-emission
school buses in meeting the transportation needs of their
students," Start continued. "As with other school districts in
California and across the nation,
these schools have a mission of providing safe and efficient
transportation to their students. GreenPower's all-electric school
buses provide that safe, sustainable and sensible transportation
option that gets kids to and from school in a healthy environment
prepared to learn."
In addition to this week's deliveries, in the next few weeks
GreenPower plans to deliver up to four more Type D BEAST
all-electric, purpose-built, zero-emission school buses to
California schools, and two BEASTs
to schools in Oregon, with up to
an additional 20 school buses expected to be delivered in
California over the next 90 to 120
days.
GreenPower's BEAST is a purpose-built 40-foot Type D
all-electric, zero-emission school bus with seating for up to 90
students. Designed from the ground up, it is a unified structure
that features a seamlessly integrated aluminum body made from
extruded aluminum manufactured by Constellium on a high strength
steel Truss (bus) chassis. The complete flat floor design allows
for tracking with no obstacles, and the high floors keep students
out of the crash zone. Dual port charging is standard with Level 2
rates up to 19.2 kW and DC Fast Charging rates up to 85 kW.
Wireless charging is also available as an option.
The Type D BEAST and Type A Nano BEAST are both eligible for
California HVIP vouchers and qualify for grants under the
California Zero-Emission School Bus and Infrastructure (ZESBI)
program. ZESBI grants pair zero-emission (ZE) school bus vehicle
funding offered by the California Air Resources Board (CARB), with
charging infrastructure funding offered by the California Energy
Commission (CEC). A total of $500
million is appropriated by Senate Bill (SB) 114 for ZESBI
for Fiscal Year 2023-24. Of that amount, $375 million is allocated to support the
replacement of old school buses with ZE school buses and
$125 million is allocated to support
complementary infrastructure and associated costs. ZESBI utilizes a
joint application for vehicles and infrastructure. The joint
application will close on Monday, September
30, 2024 at 5:00 pm Pacific
Time.
Contacts:
Fraser Atkinson, CEO
fraser@greenpowermoter.com
Paul Start, Vice President of
Sales – School Bus Group
paul.s@greenpowermotor.com
Mark Nestlen, Vice President of
Business Development & 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. 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
