LAS
VEGAS, May 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 its participation in the upcoming Advanced Clean
Transportation (ACT) Expo on May 20 to
23 in booth #1230 at the Las
Vegas Convention Center.
At ACT Expo, GreenPower will showcase its all-electric Type D
BEAST school bus, EV Star Cab & Chassis and EV Star Cargo Plus.
The EV Star Cab & Chassis display will provide an opportunity
for customers to see the inter-workings of GreenPower's platform
vehicle, giving visibility to the heart of GreenPower's commercial
products. The EV Star Cab & Chassis is a blank canvas which can
be upfitted to address diverse needs of customers by providing
customization through GP Truck Body.
"GreenPower is committed to leading the charge toward
sustainable transportation by making all-electric school buses and
commercial trucks affordable, durable and easy to deploy,"
said Fraser Atkinson, CEO of GreenPower. "As we look forward
to the upcoming ACT Expo, we are eager to demonstrate how our
unique offerings are crucial for companies looking to transition to
electric. With our innovative and purpose-built offerings, we take
pride in offering our customers various fleet solutions that fit
their unique needs."
Located in booth #1230 at the Las
Vegas Convention Center, GreenPower, will showcase its
all-electric, purpose-built, zero-emission vehicles. GreenPower
experts will be onsite to discuss state and federal incentives
programs and ways GreenPower can provide its safe, sensible and
sustainable solutions to customers looking to deploy electric
vehicles from one vehicle to their entire fleet.
- BEAST: A unified structure that features a seamlessly
integrated aluminum body made from extruded aluminum manufactured
by Constellium on a high strength steel bus chassis. The BEAST's
complete flat floor design allows for tracking with no obstacles,
and the high floors keep students out of the crash zone.
- EV Star Cab & Chassis: The proprietary EV Star Cab &
Chassis was designed to take on any mid and last-mile delivery
while maintaining the benefits of being a zero-emission vehicle. It
is purpose-built to be an electric vehicle and is designed to
accommodate a multitude of upfits or bodies for different use
cases. The vehicle has a carrying capacity of 7,000 pounds and a
range of up to 150 miles.
- EV Star Cargo Plus: With a standard 836 cubic feet of cargo
capacity, the purpose-built GreenPower EV Star Cargo Plus exceeds
delivery needs with improved payload to range ratios. The box truck
has an optimal battery placement which provides for a lower center
of gravity resulting in maximum cargo capacity of up to 5,000
pounds and a range of up to 150 miles.
Attendees of ACT Expo are encouraged to visit GreenPower's booth
#1230 to experience its one-stop-shop approach and learn more about
how it can revolutionize their fleet operations.
GreenPower executives will be available for one-on-one meetings
and media interviews throughout the show. For additional
information or to schedule a one-on-one meeting with management,
please contact greenpower@skyya.com.
On May 9, 2024 GreenPower
announced the closing of a US$2.3
million public offering underwritten by Maxim Group LLC
("Maxim"). Maxim received an underwriting fee of $162,803, or 7.0% of gross proceeds, plus
reimbursement of certain expenses, for underwriting the
offering.
Media Contacts:
Mark Nestlen
VP of Business Development and Strategy
mark.n@greenpowermotor.com
Allie Potter
Skyya PR for GreenPower
(218) 766-8856
allie@skyya.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. All amounts are in U.S. Dollars ©2024
GreenPower Motor Company Inc. All rights reserved.
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SOURCE GreenPower Motor Company
