Los Angeles, California, March 23, 2022 – 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 the official launch of the Nano BEAST: a purpose-built, battery-electric, Type A school bus with a class-leading range of up to 150 miles per charge.
The Nano BEAST (Battery Electric Automotive School Transportation) is the only purpose-built, zero-emission, Type A school bus on the market. Its clean sheet design approach facilitates optimal battery pack placement and weight distribution, allowing the vehicle to accommodate a larger energy supply, deliver a longer range and set the new standard for zero emissions student transportation. The Nano BEAST will have the largest standard battery pack for a Type A school bus in the market.
GreenPower developed the Nano BEAST using its purpose-built flagship EV Star Platform, which has accumulated approximately 200 deliveries throughout North America with deliveries growing every month. This platform has proven its efficiency and reliability in a wide variety of operational settings including paratransit, airport shuttling, micro transit, cargo delivery and vanpool service.
GreenPower will begin initial deliveries to its customers in the coming months and anticipates that the pace of these deliveries will increase by the end of the year.
There are approximately 9,700 new Type A school buses sold every year and approximately 500,000 yellow school buses running across the country. With state vouchers, federal funding and mandates to go all-electric the Nano BEAST rounds out GreenPower’s school bus product offerings.
“The Nano BEAST offers unprecedented levels of safety and reliability for a zero-emission, Type A school bus. We’ve seen the EV Star Platform exceed expectations in other industries, and we look forward to carrying this over into the school bus industry with our proven, unparalleled technology, said Riley. “The school bus industry is the largest form of transportation in the U.S. with more than 25 million students transported daily. Providing school districts and our communities with a safer alternative to diesel-emitting school buses provides tremendous health benefits for our children, especially since NOx exhaust is a trigger of health problems like asthma and other respiratory issues. The move to all-electric options is critical and GreenPower remains committed to providing a better, cleaner and safer transportation future.”
According to the Environmental Protection Agency (EPA), the primary source of NOx is motor vehicles, including school buses. NOx exhaust can trigger health problems like asthma, bronchitis, and other respiratory issues.
Ryne Shetterly, Vice President of Sales and Marketing at GreenPower, added, “We are avid supporters of the Federal administration’s school bus electrification goals. The launch of a purpose-built, battery-electric, Type A school bus was a critical next step for GreenPower and the industry.” Shetterly continued, “The development of the Nano BEAST is a monumental achievement, both for GreenPower and for the school transportation industry at large.”
To inquire about representation agreements or demonstrations, please reach out to sales@greenpowermotor.com.
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
megan@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 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. © 2022 GreenPower Motor Company Inc. All rights reserved.
