GreenPower Announces First Order of 25 Mega BEASTs to Montebello School District and 10 BEASTs for Garden Grove in California

Rhea-AI Summary

GreenPower Motor Company Inc. (Nasdaq: GP) (TSXV: GPV) announced orders for 35 Type D all-electric, purpose-built school buses for the California market. The orders come from its exclusive California dealer Model 1 for the Montebello and Garden Grove school districts, funded by the California HVIP program and the EPA Clean School Bus Program. This news follows California's legislation requiring all new school buses to be electric by 2035, making the state the leader in state funding for the transition to all-electric school buses.

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• GreenPower secures significant orders for all-electric school buses, aligning with California's new legislation and positioning the company as a leader in the electric school bus market.

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• None.

LOS ANGELES, Nov. 14, 2023 /PRNewswire/ -- 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 orders for 35 Type D all-electric, purpose-built school buses for the California market.

GreenPower received the orders from its exclusive California dealer Model 1 (formerly Creative Bus Sales) for 25 of the Mega BEAST school buses for the Montebello School District and 10 BEAST school buses for the Garden Grove school district. Funding for the all-electric, zero-emission school buses comes from both the California HVIP program and the EPA Clean School Bus Program.

"GreenPower is pleased to see these school districts being able to place orders through Model 1 for the BEAST school buses using program funding that helps them prepare for future transportation requirements. The Montebello order of the Mega BEAST comes just a few weeks after our launch of the new option showing an immediate demand for the product," said Michael Perez, GreenPower's Vice President of School Bus, Contracts and Grants. "We continue to work closely with our dealer in California to help school districts plan for the deployment of all-electric, zero-emission school buses that meet their specific needs instead of NOx emitting diesel buses."

In the past month, California Governor Gavin Newsom signed legislation requiring all new school buses in California be electric by 2035. With that action, California joined Connecticut, Maine, Maryland and New York in mandating the switch to all-electric, zero-emission school buses in fleets over the next four to 17 years. The new law makes California the leader in state funding for the transition to all-electric school buses with the switch projected to cost roughly $5 billion.

"GreenPower's school buses are a great fit for school districts implementing EVs in California. The passenger capacity and variable battery range options available deliver a path to meet school's operational needs. These GreenPower EV school buses provide safe and healthy transportation for students and save money over the long-run through reduced operation and maintenance costs" said Jason Hohalek, School Bus Sales Manager for Model 1. "With these buses qualifying for California HVIP vouchers, air quality management district grants, VW funding and the EPA Clean School Bus Program, school districts are able to fund the transition to a cleaner, safer ride."

At the end of September the California HVIP program extended the date for submissions for the public school bus set-aside funding of $370,000 for a Type D BEAST school bus without a wheelchair lift and $395,000 with a wheelchair lift, and $285,000 for a Type A Nano BEAST without a wheelchair lift and $310,000 for a Type A Nano BEAST Access with a wheelchair lift.

GreenPower's BEAST is a 40-foot Type D all-electric, purpose-built, zero-emission school bus that can seat up to 90 passengers with standard features that include air ride suspension, ABS disk brakes and largest pass-through storage available. Featuring a modern monocoque chassis, the BEAST is the safest, most durable and reliable all-electric school bus available today. Its seamlessly integrated aluminum body and chassis design forms a composite structure which is the GreenPower Truss(T) factor.

The Mega BEAST, introduced on October 31st, delivers a class-leading range of up to 300 miles on a single charge via a 387 kWh battery pack. It provides for the longest range and has the biggest battery pack in the school bus market. The Mega BEAST is designed to provide the answer for longer range routes and other desired uses by a school district. The extended range created by the larger battery pack is an ideal solution for many rural school districts with longer routes, school districts with less chance for mid-day opportunity charging, school districts that face extreme weather conditions and schools that also use the all-electric bus for extra-curricular activities. The larger battery of the Mega BEAST also has the ability to provide for a more healthy and stable electric grid and community stability in areas where it is deployed and V2G is used.

Contacts: 

Michael Perez
Vice President of School Bus, Contracts and Grants
michael@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 ©2023 GreenPower Motor Company Inc. All rights reserved.

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SOURCE GreenPower Motor Company

FAQ

What type of school buses did GreenPower receive orders for in California?

GreenPower received orders for 25 Mega BEAST school buses for the Montebello School District and 10 BEAST school buses for the Garden Grove school district.

How are the all-electric school buses funded?

The funding comes from both the California HVIP program and the EPA Clean School Bus Program.

What is the significance of California's recent legislation related to school buses?

California recently signed legislation requiring all new school buses to be electric by 2035, making the state the leader in state funding for the transition to all-electric school buses.

What are the key features of GreenPower's BEAST school buses?

The BEAST is a 40-foot Type D all-electric, purpose-built, zero-emission school bus that can seat up to 90 passengers with standard features that include air ride suspension, ABS disk brakes, and the largest pass-through storage available.

What is the range of the Mega BEAST school bus?

The Mega BEAST delivers a class-leading range of up to 300 miles on a single charge via a 387 kWh battery pack, making it ideal for longer range routes and rural school districts.