Initial deliveries of the BEAST will begin in September
GreenPower to showcase BEAST today through September 1 at ACT Expo in Long Beach
LOS ANGELES, CA August 31, 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 the official launch and formal unveiling of the BEAST, a purpose built, all-electric, zero-emissions school bus. GreenPower will showcase the BEAST at the Advanced Clean Transportation (ACT) Expo at Booth #911, which runs today through Sept. 1, 2021 in Long Beach, Calif. at the Long Beach Convention Center.
The BEAST (Battery Electric Automotive School Transportation), an all-electric 40 foot Type D battery electric school bus, delivers a class-leading range of up to 150 miles on a single charge via a 194kWh battery pack. The bus can seat up to 90 passengers with standard features that include: air ride suspension, ABS disk brakes and pass-through storage. Featuring a modern monocoque chassis, the BEAST is the safest, most durable and reliable battery-electric school bus available on the market. Its seamlessly integrated body and chassis design forms a composite structure which is the GreenPower Motor Company Truss(T) factor.
Safety is at the forefront of every vehicle GreenPower puts on the road, and the BEAST is no exception. What’s more, GreenPower’s innovative technology can drive down fuel costs and minimize maintenance costs while delivering outstanding reliability and efficiency. GreenPower’s school buses offer a significant increase in strength and battery weight distribution thanks to its unique structurally superior integrated purpose-built design.
“The launch of the BEAST marks a significant milestone not only for GreenPower but for the industry,” said Brendan Riley, president of GreenPower. “GreenPower remains committed to providing innovative, technology forward, purpose-built vehicles, and our new BEAST vehicle is no exception. The youth of today are the future of our tomorrow, which is why we are humbly proud to bring such a world class offering to the market.”
GreenPower will begin initial deliveries to customers under existing contracts in the coming weeks, and anticipates that the pace of these deliveries will increase significantly by the end of the year.
“The accelerated adoption of zero-emission school buses means a healthier and more sustainable environment for our children and communities. We are confident that the BEAST will drive the future of the all-electric school bus paradigm shift while providing parents the peace-of-mind knowing their children are safe and protected from diesel emissions and harmful noise pollution,” said Fraser Atkinson, CEO of GreenPower. “The BEAST will provide school districts with dramatic fuel cost savings, reduced operational costs and material progress towards reducing their carbon footprint.”
In anticipation of the growth in demand from President Biden’s Federal Infrastructure Plan, GreenPower increased its school bus production from 5 units per month to 10 units per month at the beginning of the year and expects to increase production rates over time as interest in zero-emission all-electric school buses accelerates rapidly throughout the country.
To learn more about the BEAST and to set up a 1:1 demo, contact Ryne Shetterly, VP of sales and marketing at GreenPower.
For more information on GreenPower’s presence at the ACT Expo, please visit https://greenpowermotor.com/investor-center/act-expo-event/.
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. To learn more please visit: 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, such as the timing of delivery and acceptance of BEAST school buses to customers, or the acceleration of interest in zero-emission all-electric school buses at the local, state and national level. 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.
Allie Potter, Skyya PR
Ryne Shetterly, VP of Sales and Marketing
Brendan Riley, President
Mike Cole, Investor Relations
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.