Zeem Solutions Orders 30 GreenPower EV Stars for Los Angeles Area Operations

Zeem Solutions Orders 30 GreenPower EV Stars for Los Angeles Area Operations

Los Angeles, California, February 24, 2021 – GreenPower Motor Company Inc. (NASDAQ: GP) (TSXV: GPV) (“GreenPower”), a leading manufacturer and distributor of zero-emission, electric-powered medium and heavy-duty vehicles, today announced that it has received an order from Zeem Solutions for 30 GreenPower EV Stars.

Zeem, GreenPower Bus

GreenPower’s EV Star

Zeem Solutions provides e-mobility logistics solutions for small, medium and large fleet operators across the United States, offering a comprehensive solution that includes the vehicle, maintenance, charging and infrastructure for one monthly cost. Zeem’s order will consist of five different seating layouts, including wheelchair accessible units and also cargo configurations. The EV Stars sold to Zeem were previously on lease to Green Commuter.

Brendan Riley, President of GreenPower, commented, “Zeem Solutions is quickly becoming an industry household name for many fleets who are looking for a comprehensive EV Solution that includes charging, maintenance, and other services.” Riley added, “While many folks are still in a holding pattern, Zeem is in growth mode and looking to capitalize in a market where demand is increasing daily.”

Paul Gioupus, Co-founder and CEO of Zeem Solutions, added, “We are finally seeing businesses begin to open up and Zeem intends to be ahead of the wave.” Gioupus continued, “We selected GreenPower for this project because of their flexibility in seating layouts and their ability to deliver in a timely manner.”

GreenPower has leveraged its flagship EV Star Platform with six 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 level 2 and CCS DC fast combo charge system, allowing for optimal flexibility in route planning for any duty cycle.

Contacts:
Brendan Riley
President
(510) 910-3377

Ryne Shetterly
Vice President of Sales and Marketing
(909) 954-7530

Mike Cole
Investor Relations
(949) 444-1341

Megan Kathman
Skyya PR for GreenPower
(651) 785-3212

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 van 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 or are beyond GreenPower’s control. 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 in U.S. dollars. ©2021 GreenPower Motor Company Inc. All rights reserved.




GreenPower and Forest River Enter Into Exclusive Purchase Agreement for 150 EV Star Cab and Chassis Units to Support New Line of Zero-Emission Products

GreenPower and Forest River Enter Into Exclusive Purchase Agreement for 150 EV Star Cab and Chassis Units to Support New Line of Zero-Emission Products

Los Angeles, California, February 11, 2021 – GreenPower Motor Company Inc. (NASDAQ: GP) (TSXV: GPV) (“GreenPower”), a leading manufacturer and distributor of zero-emission, electricpowered medium and heavy-duty vehicles, today announced that it has entered into an exclusive purchase agreement related to Cutaway minibuses and Type B and C Recreational Vehicles with Forest River, Inc. (“Forest River”), a Berkshire Hathaway company (NYSE: BRK.A), for up to 150 GreenPower EV Star Cab and Chassis (“EV Star CC”). The purpose-built all-electric EV Star CC will be used in a new line of Forest River zero-emission product offerings. GreenPower expects to deliver the first six units this quarter, with the remainder expected to be delivered over the next 36 months at a run rate that will be determined by the third quarter of 2021.

Forest River and GreenPower Motor

GreenPower’s EV Star Cab and Chassis

Forest River is a leading manufacturer in the cutaway bus, motorhome, and truck industries, which celebrated the delivery of their 100,000th bus in July of 2020. Forest River has over 10,000 employees and annual revenues in excess of $5 Billion. It is anticipated that the initial deliveries of GreenPower EV Star CC units to Forest River will be directed at the cutaway shuttle bus, commercial truck and recreational vehicle markets.

Watch GreenPower’s EV Star Cab and Chassis

Brendan Riley, President of GreenPower, commented, “Forest River is a forward-thinking company that is looking to solidify their market position long into the future by adding a purpose- built, zero-emission offering to many of their product lines.” Riley added, “The EV Star Cab and Chassis meets the demands of many of their addressable markets and allows Forest River to focus on what they are experts at: building bodies.”

David Wright, President of Forest River’s bus divisions added, “Forest River has been looking for a purpose-built all-electric chassis that has the range and the carrying capacity that our customers and dealers demand. Zero-emission vehicles are where the markets are going, and the GreenPower EV Star CC gives us the flexibility to address a variety of unmet needs in the commercial market.”

Ryne Shetterly, VP of Sales and Marketing at GreenPower also commented, “At GreenPower, we view this as a tremendous opportunity to enter a relationship with one of the most highly respected and largest volume names in the industry. Our EV Star CC will now have representation in select Forest River distribution channels and the amount of value that brings to GreenPower is tremendous.”

Contacts:
Brendan Riley
President
(510) 910-3377

Ryne Shetterly
Vice President of Sales and Marketing
(909) 954-7530

Mike Cole
Investor Relations
(949) 444-1341

Megan Kathman
Skyya PR for GreenPower
(651) 785-3212

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 van 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 or are beyond GreenPower’s control. 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 in U.S. dollars. ©2021 GreenPower Motor Company Inc. All rights reserved.




GreenPower Reports Fiscal Third Quarter 2021 Financial Results

GreenPower Reports Fiscal Third Quarter 2021 Financial Results

Vancouver, Canada / February 11, 2021 / GreenPower Motor Company Inc. (Nasdaq:GP) (TSXV:GPV) (“GreenPower”), a leading manufacturer and distributor of zero emission electric powered vehicles serving the cargo and delivery, shuttle, transit and school bus markets, today announced financial results for its fiscal third quarter ended December 31, 2020.

Highlights of the third quarter:

  • Delivered 17 vehicles in the quarter, including the first EV Star Cargo Plus to the City of Vancouver, one EV Star and one EV Star Plus to ABC Bus Inc., Greenpower’s dealer in the state of New York, and 14 EV Stars to Green Commuter;
  • The Company recorded revenues of $2,398,781 with cost of revenues of $1,488,974 generating a gross profit of $909,807 or 37.9% of revenues;
  • Working capital of $31,310,393 at the end of the quarter including over $21 million of cash;
  • Conversion of $3,243,702 of Debentures and repayment of $1,973,400 of Loans from proceeds from exercised warrants reducing interest costs going forward;
  • Increased production of B.E.A.S.T. all-electric school buses from five units per month to ten units per month in response to positive feedback from demonstrations and anticipated future demand;
  • Continued to move forward with increased production of various EV Star models, including EV Star cab and chassis, EV Star+ as well as five EV 250 thirty-foot low floor transit buses;
  • Delivered an autonomous AV Star to Jacksonville Transit Authority, and began development of a second vehicle in partnership with Perrone Robotics and First Transit to be used in a nationwide demonstration tour scheduled to begin in March 2021;
  • Completed demonstrations of a range of Greenpower vehicles to potential customers across several US states, laying the groundwork for potential future sales; and
  • Continued to effectively manage its business operations to navigate impacts from the COVID-19 pandemic.

Brendan Riley, President of GreenPower stated, “This is a transformative time for GreenPower as we leverage our purpose built EV platform to develop and launch new products like the EV Star Cargo, while also further developing relationships with major high- volume OEMs that recognize the tremendous potential of our EV Star cab and chassis to act as the foundation from which they can upfit a finished all electric vehicle specific to their needs. A wave of demand for EV solutions is being thrust upon these OEMs, and our cab and chassis provides the flexibility and functionality needed to meet this demand over both the immediate and long term.”

Fraser Atkinson, CEO of GreenPower added, “GreenPower is in the lucrative position of being an early mover in the transition to EV and our team has done a fantastic job preparing for the significant ramp in production, orders and deliveries expected as we move into the late spring and summer of 2021. Since completing our Nasdaq IPO we’ve further strengthened our
financial position with the conversion of all of the outstanding Debentures and repayment of Promissory Notes from proceeds from exercised Warrants. GreenPower is well positioned for significant growth as the economy improves.”

Results for the three months ended December 31, 2020
For the three-month period ended December 31, 2020 the Company recorded revenues of $2,398,781 and cost of revenues of $1,488,974 generating a gross profit of $909,807 or 37.9% of revenues. Revenue was generated from the delivery of 17 buses including 14 EV Stars for which the Company provided lease financing, from the sale of three different models of EV Stars, as well as revenue from finance and operating leases and other sources. Operating costs consisted of administrative fees of $1,051,776; transportation costs of $65,963; travel, accommodation, meals and entertainment costs of $73,854; product development costs of $186,977; sales and marketing costs of $182,790; professional fees of $117,901; insurance of $233,415 and office expense of $84,561, as well as non-cash expenses including $570,798 of share-based compensation expense and depreciation of $122,881. Interest and accretion on the line of credit, convertible debentures and promissory notes totalled $362,230, and a foreign exchange gain of $18,511 resulting in a loss for the period of $2,133,106. Non-cash expenses consisting of depreciation, accretion and accrued interest, share-based compensation, warranty accrual, amortization of deferred financing fees, and allowance for credit losses totaled $1,056,014 resulting in total cash expenses of $1,986,899 in the three-month period.

Results for the nine months ended December 31, 2020
For the nine-month period ended December 31, 2020 the Company recorded revenues of $7,506,447 with cost of revenues of $5,094,338 generating a gross profit of $2,412,109 or 32.1% of revenues. Revenue was generated from the sale of 56 vehicles including 52 EV Stars for which the Company provided lease financing and which were accounted for as finance leases, and from the sale of parts, as well as revenue from finance and operating leases and other sources. Operating costs consisted of administrative fees of $2,769,949; transportation costs of $119,459; travel, accommodation, meals and entertainment costs of $178,715; product development costs of $643,785; sales and marketing costs of $235,834; professional fees of $275,977; insurance of $330,552 and office expense of $187,972, as well as non-cash expenses including $820,567 of share-based compensation expense and depreciation of $355,113. Interest and accretion on the line of credit, convertible debentures and promissory notes totalled $1,423,138, and a foreign exchange loss of $124,542 resulted in a loss for the period of $5,048,605.

For further information contact:

Fraser Atkinson, Chairman and CEO
(604) 220-8048

Brendan Riley, President
(510) 910-3377

Michael Sieffert, CFO
(604) 563-4144

GreenPower Investor Relations
Mike Cole
(949) 444-1341

Allie Potter
Media Relations
(218) 766-8856

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 van 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 such as whether the TONY solution can be easily integrated into GreenPower’s EV Star at assembly, or are beyond GreenPower’s control, such as the ease with which new technologies will be able to integrate with PRI’s solution. 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 in U.S. dollars. ©2021 GreenPower Motor Company Inc. All rights reserved.




GreenPower Announces Conference Call Covering Third Quarter Results and Business Update for February 11, 2021

GreenPower Announces Conference Call Covering Third Quarter Results and Business Update to Be Held on February 11, 2021

Vancouver, Canada, January 27, 2021 – GreenPower Motor Company Inc. (Nasdaq:GP) (TSXV: GPV) (“GreenPower”), a leading designer, manufacturer, and distributor of a diverse line of electric powered vehicles serving the cargo and delivery, shuttle, transit and school sectors plans to host a conference call and webcast for all shareholders and interested parties at 2:00 p.m. PST / 5:00 p.m. ET on Thursday, February 11th, 2021 to provide a business update and discuss its financial results for the fiscal third quarter ended December 31, 2020. A replay of the call will be available on the number below shortly after the call.

Conference Call Information:

Date: Thursday February 11th, 2021
Time: 2:00 p.m. PST / 5:00 p.m. ET

Participant dial-in: (US) 1-844-739-3982 (Canada) 1-866-605-3852; (International) 1-412-317-5718
Please ask to be joined to the GreenPower Motor Company Inc. conference call.

Replay: (US) 1-877-344-7529; (Canada) 1-855-669-9658; (International) 1-412-317-0088

Replay access code: 10152032

Webcast Linkhttps://services.choruscall.com/links/gpvrf210211.html

For further information contact:

Contacts:
Fraser Atkinson
Chairman and CEO
(604) 220-8048

Michael Sieffert
CFO
(604) 563-4144

GreenPower Investor Relations
Mike Cole
(949) 444-1341

Media Relations
Allie Potter
(218) 766-8856

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 www.greenpowermotor.com.

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. © 2021 GreenPower Motor Company Inc. All rights reserved.




GreenPower Motor Announces Current Vehicle Production, Deliveries and Doubling School Bus Production

GreenPower Motor Announces Current Vehicle Production, Deliveries for the Quarter Ended December 31, 2020 and Doubling School Bus Production

Vancouver, Canada, January 13, 2021 – GreenPower Motor Company Inc. (NASDAQ: GP) (TSXV: GPV) (“GreenPower”), a leading manufacturer and distributor of zero-emission, electric-powered medium and heavy-duty vehicles, today announced its vehicle deliveries for the quarter ended December 31, 2020:

greenpower deliveries

In addition, Greenpower provides an update on the units completed and in production as of December 31, 2020:

greenpower deliveries

Brendan Riley, President of GreenPower commented, “During the most recent quarter we continued to ramp production considerably and that trend is expected to continue as we align with an anticipated increase in deliveries in the late spring and summer of 2021.” Riley continued, “In the fall of 2020, we announced a production run rate of five GreenPower all-electric school buses per month which we are now increasing to 10 on the back of the strong response we are seeing in the sales channel. With regard to our EV Star, we are on track with our previous production guidance with higher volume deliveries expected in the current quarter and accelerating thereafter as the logistical constraints of the pandemic further abate. In sum, we continue to ramp aggressively and expect substantial increases in both production and deliveries across the school bus, transit, cargo and delivery and cab and chassis markets throughout 2021.”

The vehicle deliveries for the third quarter and production summary as of December 31, 2020 as described herein are preliminary and subject to change. Greenpower’s final deliveries for the quarter, vehicle production, and full financial results and commentary will be included in our third quarter financial statements, MD&A, and earnings release which are scheduled to be issued in February.

Greenpower’s vehicle deliveries and vehicle production are measures of business performance however they should not be relied on as indicators of Greenpower’s financial results or financial performance for the quarter. Greenpower’s actual financial results will depend on a number of factors other than vehicle deliveries, including but not limited to cost of sales, operating expenses, foreign exchange movements, changes in capital structure and other factors.

Contacts:
Fraser Atkinson, CEO and Chairman
(604) 220-8048

Brendan Riley, President
(510) 910-3377

Michael Sieffert, CFO
(604) 563-4144

Mike Cole
Investor Relations
(949) 444-1341

Megan Kathman
Skyya PR for GreenPower
(651) 785-3212

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 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 or are beyond GreenPower’s control. 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. © 2021 GreenPower Motor Company Inc. All rights reserved.




GreenPower and Perrone Robotics Deliver Nation’s First Fully Autonomous EV Star to Jacksonville Transportation Authority

GreenPower and Perrone Robotics Deliver Nation’s First Fully Autonomous EV Star to Jacksonville Transportation Authority

GreenPower’s EV Star expected to enter full Level 5 Autonomous Service with JTA in early 2021; GreenPower, Perrone and First Transit have signed an agreement to build second fully autonomous EV Star for demonstration tour in early 2021

Los Angeles, California, December 18, 2020 – GreenPower Motor Company Inc. (NASDAQ: GP) (TSXV: GPV) (“GreenPower”), a leading manufacturer and distributor of zero emissions electric powered medium and heavy duty vehicles, today announced that it has delivered the first fully autonomous EV Star to Jacksonville Transportation Authority (JTA) in collaboration with Perrone Robotics.

GreenPower EV Star

GreenPower’s AV Star delivered to Jacksonville Transportation Authority (photo courtesy of GreenPower)

The JTA is currently working with local colleges, medical campuses, and other partners to create the nation’s first public transportation network powered by autonomous vehicles. GreenPower’s fully autonomous EV Star, developed in collaboration with Perrone Robotics, is expected to enter service in February 2021 after an initial calibration period.

Introducing GreenPower’s AV Star: Watch the video

Brendan Riley, President of GreenPower commented, “We are seeing a dramatic increase in autonomous vehicle demand and this vehicle demonstrates the compelling marriage of advanced technologies with the customer’s own unique requirements. An autonomous vehicle like our EV Star really opens the door for other automated applications, such as delivery services, and we really see a wide-open market. With a fully autonomous EV Star, GreenPower can lead the way in this exciting, disruptive space.”

Ryne Shetterly, VP of Sales and Marketing at GreenPower added, “The collaboration between Perrone Robotics and GreenPower Motor Company has proved successful and we are excited to deliver the first unit to JTA.” Shetterly continued, “As a result, we are in the process of building a second unit in partnership with both First Transit and Perrone Robotics for a nationwide sales demo tour scheduled to begin in March 2021. First Transit is one of the leading transit solutions providers to transit properties all across country and this tour will allow GreenPower to leverage their reach and influence within the space.”

Contacts:
Brendan Riley
President
(510) 910-3377

Ryne Shetterly
Vice President of Sales and Marketing
(909) 954-7530

Mike Cole
Investor Relations
(949) 444-1341

Megan Kathman
Skyya PR for GreenPower
(651) 785-3212

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 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 or are beyond GreenPower’s control. 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. © 2020 GreenPower Motor Company Inc. All rights reserved.




GreenPower Delivers Its First All-Electric EV Star Cargo Plus to the City of Vancouver

GreenPower Delivers Its First All-Electric EV Star Cargo Plus to the City of Vancouver

Vancouver, Canada, December 14, 2020 – GreenPower Motor Company Inc. (NASDAQ: GP) (TSXV: GPV) (“GreenPower”), a leading manufacturer and distributor of zero emissions electric powered medium and heavy-duty vehicles, announced today the delivery of its first EV Star Cargo Plus to the City of Vancouver.

EV Star Cargo by GreenPower Motor

GreenPower’s EV Star Cargo Plus delivered to the City of Vancouver

The City of Vancouver has a Greenest City Action Plan and has adopted a Climate Emergency Action Plan to reduce carbon pollution by 50% by 2030. GreenPower’s zero emissions EV Star Cargo Plus replaces a traditional fossil fuel powered panel truck as part of the City’s broader strategy to electrify its fleet of vehicles. The EV Star Cargo Plus is equipped with a 730 kilogram liftgate, rolling door, a cube with an interior height of over two meters and payload of over two metric tons.

Fraser Atkinson, CEO of GreenPower commented, “This represents the first delivery of an EV Star Cargo Plus leveraging GreenPower’s uniquely designed EV Star Platform, which has been independently tested for a range of over 240 kilometers on a single charge. The flexibility of our platform, combined with the fact that GreenPower has over 100 EV Stars currently on the road, leaves the Company in a very advantageous position to scale and meet the rapidly evolving needs of numerous markets.” Atkinson concluded, “We are proud to be helping the City of Vancouver in achieving the goal of reducing its reliance on fossil fuels.”

For further information contact:

Fraser Atkinson, CEO
(604) 220-8048

Mike Cole, 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 www.greenpowermotor.com.

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, or are beyond GreenPower’s control. 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 in U.S. dollars.© 2020 GreenPower Motor Company Inc. All rights reserved.




GreenPower Announces Grant of Stock Options

GreenPower Announces Grant of Stock Options

Vancouver, Canada, December 4, 2020 – GreenPower Motor Company Inc. (Nasdaq: GP) (TSXV: GPV) (the “Company”) a leading manufacturer and distributor of zero emissions electric powered vehicles serving the cargo and delivery, transit and school bus markets announces that the Company has granted an aggregate of 20,000 incentive stock options with 5,000 stock options to each of its four outside directors: Mark Achtemichuk, Malcolm Clay, Cathy McLay and David Richardson. The stock options are subject to the approval of the TSX Venture Exchange and are exercisable for a period of five years at a price of US $20 per share. The stock options vest as to 25% three months after the grant date, 25% six months after the grant date, 25% nine months after the grant date and 25% twelve months after the grant date. The Board also approved annual Directors fees to these four outside directors of U.S. $25,000 per annum plus U.S. $5,000 per annum to each chair of a committee.

For further information contact:

Fraser Atkinson, CEO
(604) 220-8048

Michael Sieffert, CFO
(604) 563-4144

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 www.greenpowermotor.com.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 in U.S. dollars.© 2020 GreenPower Motor Company Inc. All rights reserved.




Green Commuter to Deploy EV Stars with The Energy Coalition in California

Green Commuter to Deploy EV Stars with The Energy Coalition in California

Zero Emissions Shuttles to be used in Micro Transit and Vanpool Application

Los Angeles, California, November 25, 2020 – GreenPower Motor Company Inc. (NASDAQ: GP) (TSXV: GPV) (“GreenPower”), a leading manufacturer and distributor of zero emissions electric powered medium and heavy duty vehicles, announced via Green Commuter, that two EV Stars will be deployed in Los Angeles County in the Basset and Avocado Heights neighborhoods under a California Energy Commission Grant.

The Energy Coalition is California-based, non-profit and the primary grantee on the project which will provide locally produced renewable electricity to 235 households through a community solar tariff structure. The project will also provide 50 homes with no-cost solar and residential battery storage, and develop an electric vehicle (EV) mobility service, EV charging infrastructure, and a community carbon management system.

EV Star deployed to Energy Coalition California

GreenPower’s purpose-built, all electric EV Star

Green Commuter is providing mobility services such as microtransit and vanpooling along with the charging infrastructure for the Basset Avocado Advanced Energy Community (BAAEC) project. Green Commuter is the nation’s largest all electric vanpool company that also provides carsharing and fleet replacement solutions.

Gustavo Occhiuzzo, Chief Executive Officer of Green Commuter commented, “The fact that the EV Star is providing vehicles for two different applications on this California Energy Commission project really speaks to the versatility of the vehicle. We look forward to further opportunities to assist the Coalition with their zero emission transportation needs.”

Brendan Riley, President of GreenPower Motor Company added, “We are absolutely thrilled to have Green Commuter as a partner, we can trust that the customers are in capable hands and the deployment of these vehicles will be a success.” Riley continued, “This reaffirms what we’ve conveyed to the market, the EV Star is the best choice for customers for reliability and durability to satisfy a wide variety of duty cycles.”

The EV Star is the only bus in its class that comes with a standard J1772 level 2 and CCS DC fast combo charge system, allowing for optimal flexibility in route planning for any duty cycle.

For further information contact:

Brendan Riley
President
(510) 910-3377

Ryne Shetterly
Vice President of Sales and Marketing
(909) 954-7530

Mike Cole
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 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 or are beyond GreenPower’s control. 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 in U.S. dollars.© 2020 GreenPower Motor Company Inc. All rights reserved.




GreenPower Delivers Additional EV Star to UCLA for Bruinaccess

GreenPower Delivers Additional EV Star to UCLA for Bruinaccess

GreenPower Motor Company Receives Second Order from Top Rated University; Purchase Supported by Funding from VW Mitigation Settlement

Los Angeles, California, November 24, 2020 – GreenPower Motor Company Inc. (NASDAQ: GP) (TSXV: GPV) (“GreenPower”), a leading manufacturer and distributor of zero emissions electric powered medium and heavy duty vehicles, announces that the University of California, Los Angeles (“UCLA”) will add a third EV Star to their fleet.

The first two GreenPower EV Star Min-E shuttles ordered by UCLA Transportation are being used by UCLA Health and are transporting patients and visitors, as well as staff and faculty working at the medical centers. The third unit will be used for Bruinaccess which is a complimentary paratransit service provided by UCLA for qualified individuals curb to curb rides from most points on or near campus. The initial order was delivered in the summer of 2020 and has received incredibly positive feedback from the operators and fleet managers. The third unit was delivered in the early part of November. Part of the EV Star purchase was covered by the California VW Mitigation settlement which covers up to $160,000 of the vehicle cost and requires the scrapping of a model year 2009 with a GVWR of over 14,000 lbs.

EV-Star goes to UCLA Bruinaccess

GreenPower’s EV Star at UCLA’s transportation center

Ryne Shetterly, Vice President of Sales and Marketing at GreenPower commented, “This is our fifth customer within the GreenPower Motor Company customer portfolio that has placed a follow-on order after running our EV star for an initial evaluation period.” Mr. Shetterly continued, “UCLA is one of the most prestigious universities in the country and we look forward to continuing to assist them in their transition towards a zero emissions fleet.”

Brendan Riley, President of GreenPower added, “This follow-on order with UCLA represents our first use of VW Mitigation settlement to facilitate the purchase of an EV Star. Our goal at GreenPower is to leverage every possible incentive while available and this transaction highlights the increasing diversity of programs we are utilizing.” Mr. Riley concluded, “I think it goes without saying that it is a tremendous honor to see GreenPower EV Stars serving the UCLA campus.”

For further information contact:

Brendan Riley
President
(510) 910-3377

Ryne Shetterly
Vice President of Sales and Marketing
(909) 954-7530

Mike Cole
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 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 or are beyond GreenPower’s control. 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 in U.S. dollars.© 2020 GreenPower Motor Company Inc. All rights reserved.