Deliveries to Occur in June, Expanding Deployments of GreenPower’s EV Star Within North America’s Largest Zero Emissions Vanpool Fleet
Los Angeles, CA, June 8, 2020 — GreenPower Motor Company Inc. (TSXV: GPV) (OTCQB: GPVRF) (“GreenPower”), a leading manufacturer and distributor of zero emission electric powered vehicles serving the cargo and delivery, transit and school bus markets, announces the delivery of the next tranche of 18 EV Stars to Green Commuter.
Green Commuter previously ordered 103 EV Stars from GreenPower and by month’s end will have taken delivery of 51 units from Greenpower. Green Commuter is a Los Angeles based shared mobility company that provides zero-emissions solutions for vanpools, employee transportation, and delivery vehicles.
“Green Commuter has been an exceptional partner and we could not be more pleased to see their ongoing commitment to expanding the role of the EV Star within their zero-emission vanpool fleet,” commented Brendan Riley, President of GreenPower. “After this next delivery of 18 EV Stars, Green Commuter will have 51 EV Stars in its fleet with 52 vehicles remaining in its current order, with approved California HVIP vouchers totaling $4.5 million that are expected to be claimed by year’s end. Even within the current uncertain economic environment, we are still seeing customers dedicated to the expansion of their EV footprint and we look forward to expanding our partnership with Green Commuter to meet this need.”
GreenPower continues to leverage its flagship EV Star Platform with four distinct models serving the cargo, delivery and micro transit markets. The EV Star is the only bus in its class that comes with a standard J1772 high power level 2 and CCS DC fast combo charge system, allowing for optimal flexibility in route planning for any duty cycle. The bus is eligible for a base voucher of $90,000 from the California HVIP program and an additional voucher of $10,000 when the vehicle is operated in a disadvantaged community.
For further information contact:
GreenPower Motor Company Inc.
Brendan Riley
President
(510) 910-3377
Ryne Shetterly
Vice President of Sales and Marketing
(909) 954-7530
Mike Cole
GreenPower Investor Relations
(949) 444-1341
About GreenPower Motor Company Inc.
GreenPower designs, builds and distributes a full suite of high-floor and low-floor vehicles, including transit buses, school buses, shuttles, a cargo van and a double decker. GreenPower employs a clean-sheet design to manufacture all-electric buses that are purpose built to be battery powered with zero emissions. GreenPower integrates global suppliers for key components, such as Siemens or TM4 for the drive motors, Knorr for the brakes, ZF for the axles and Parker for the dash and control systems. 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 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”, “potential”, “intend”, “estimate”, “plan”, “anticipate”, “expect”, “believe” or “continue”, “prospective” 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 such as the belief that demand is exceptionally strong for environmentally friendly cargo and delivery vehicles; the exceptionally large market opportunity for the EV Star CC over the immediate and near term; GreenPower’s ability to build units relatively quickly in larger volumes to meet the urgent needs of our customers; the unparalleled potential of the ERV Star CC product launch. 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.
