GreenPower Announces Follow-on Order from Transportation Commodities Inc. for 10 EV Star Cab & Chassis
GreenPower Motor Company (NASDAQ: GP) has secured a follow-on order for 10 EV Star Cab & Chassis from Transportation Commodities Inc. (TCI). This order follows TCI's successful operation of four GreenPower electric vehicles since 2021. The EV Star Cab & Chassis is a purpose-built electric vehicle with a 7,000-pound carrying capacity and up to 150-mile range, designed for mid and last-mile delivery.
TCI plans to upfit these vehicles with specialized bodies through GP Truck Body, offering options including Stakebed Truck and ReeferX refrigerated bodies. The deal demonstrates TCI's confidence in GreenPower's zero-emission vehicles for reducing their carbon footprint while maintaining operational efficiency.
GreenPower Motor Company (NASDAQ: GP) ha ottenuto un ordine di follow-up per 10 EV Star Cab & Chassis da Transportation Commodities Inc. (TCI). Questo ordine segue il successo di TCI nell'operare quattro veicoli elettrici GreenPower dal 2021. L'EV Star Cab & Chassis è un veicolo elettrico appositamente progettato con una capacità di carico di 3.175 kg e un'autonomia fino a 240 km, progettato per la consegna nell'ultimo miglio.
TCI prevede di equipaggiare questi veicoli con carrozzerie specializzate attraverso GP Truck Body, offrendo opzioni tra cui camion Stakebed e corpi refrigerati ReeferX. L'accordo dimostra la fiducia di TCI nei veicoli a zero emissioni di GreenPower per ridurre la loro impronta di carbonio mantenendo l'efficienza operativa.
GreenPower Motor Company (NASDAQ: GP) ha asegurado un pedido adicional de 10 EV Star Cab & Chassis de Transportation Commodities Inc. (TCI). Este pedido sigue a la exitosa operación de TCI con cuatro vehículos eléctricos de GreenPower desde 2021. El EV Star Cab & Chassis es un vehículo eléctrico diseñado específicamente con una capacidad de carga de 3,175 kg y un rango de hasta 240 millas, diseñado para la entrega en la última milla.
TCI planea equipar estos vehículos con carrocerías especializadas a través de GP Truck Body, ofreciendo opciones que incluyen camiones de plataforma y cuerpos refrigerados ReeferX. El acuerdo demuestra la confianza de TCI en los vehículos de emisiones cero de GreenPower para reducir su huella de carbono mientras mantiene la eficiencia operativa.
그린파워 모터 컴퍼니 (NASDAQ: GP)는 트랜스포테이션 커머디티스 인크. (TCI)로부터 10대의 EV 스타 캡 및 섀시 후속 주문을 확보했습니다. 이 주문은 TCI가 2021년부터 4대의 그린파워 전기차를 성공적으로 운영한 것에 따른 것입니다. EV 스타 캡 및 섀시는 최대 3,175kg의 적재 용량과 최대 240km의 주행 거리를 가진 전기차로, 중간 및 최종 마일 배송을 위해 설계되었습니다.
TCI는 GP 트럭 바디를 통해 이러한 차량을 특수 차체로 개조할 계획이며, 스테이크베드 트럭 및 리퍼X 냉장차체와 같은 선택 옵션을 제공합니다. 이번 거래는 그린파워의 제로 배출 차량에 대한 TCI의 신뢰를 보여주며, 탄소 발자국을 줄이고 운영 효율성을 유지하는 데 기여합니다.
GreenPower Motor Company (NASDAQ: GP) a obtenu une commande supplémentaire de 10 EV Star Cab & Chassis de la part de Transportation Commodities Inc. (TCI). Cette commande fait suite à l'opération réussie par TCI de quatre véhicules électriques GreenPower depuis 2021. Le EV Star Cab & Chassis est un véhicule électrique conçu spécifiquement avec une capacité de charge de 3 175 kg et une autonomie allant jusqu'à 240 km, conçu pour la livraison du dernier kilomètre.
TCI prévoit d'adapter ces véhicules avec des carrosseries spécialisées via GP Truck Body, offrant des options telles que des camions à plateau et des carrosseries réfrigérées ReeferX. L'accord témoigne de la confiance de TCI dans les véhicules zéro émission de GreenPower pour réduire leur empreinte carbone tout en maintenant l'efficacité opérationnelle.
GreenPower Motor Company (NASDAQ: GP) hat einen Folgeauftrag für 10 EV Star Cab & Chassis von Transportation Commodities Inc. (TCI) gesichert. Dieser Auftrag folgt auf die erfolgreiche Nutzung von vier GreenPower-Elektrofahrzeugen durch TCI seit 2021. Das EV Star Cab & Chassis ist ein speziell entwickeltes Elektrofahrzeug mit einer Tragfähigkeit von 3.175 kg und einer Reichweite von bis zu 240 Meilen, das für die Zustellung im mittleren und letzten Abschnitt entwickelt wurde.
TCI plant, diese Fahrzeuge mit spezialisierten Aufbauten über GP Truck Body auszurüsten und bietet Optionen wie Stakebed-Trucks und ReeferX-Kühlkörper an. Der Vertrag zeigt TCIs Vertrauen in die emissionsfreien Fahrzeuge von GreenPower zur Reduzierung ihres CO2-Fußabdrucks und zur Aufrechterhaltung der betrieblichen Effizienz.
- Secured new order for 10 EV Star Cab & Chassis units
- Existing customer (TCI) expanding fleet after successful deployment since 2021
- Additional revenue potential through GP Truck Body upfitting services
- None.
Insights
The follow-on order of 10 EV Star Cab & Chassis from TCI represents a significant validation of GreenPower's product reliability and market position. With TCI's successful operation of 4 vehicles since 2021, this expanded order indicates strong product performance and customer satisfaction. The versatility of the platform, supporting multiple upfit options including stakebed and refrigerated configurations, opens diverse market opportunities. The EV Star's 7,000-pound capacity and 150-mile range position it competitively in the growing commercial EV sector. For a small-cap company with a
The EV Star Cab & Chassis' clean-sheet design approach is technically sophisticated, optimizing battery placement and weight distribution for enhanced performance. This purpose-built electric architecture, rather than a converted ICE platform, enables superior energy efficiency and operational reliability - evidenced by TCI's zero downtime experience since 2021. The flexible platform supporting various body configurations demonstrates strong engineering fundamentals. The integration with GP Truck Body for upfitting services creates a streamlined, single-source solution that reduces complexity for fleet operators, while the 150-mile range adequately serves the target market's operational requirements.
"We are excited to receive an additional order from TCI," said Claus Tritt, GreenPower's Vice President of Medium-Duty and Commercial Sales. "The company has been operating four GreenPower all-electric vehicles since 2021, serving their customer's needs without interruption or downtime. This follow-on order reflects the certainty that operating a GreenPower purpose-built vehicle provides to fleet managers who desire a zero-emission option to reduce their overall carbon footprint."
"We've selected GreenPower's all-electric, purpose-built EV Star Cab & Chassis as it is a proven platform that is easy to deploy, easy to charge and easy to operate," said Michael Macias, Director of Sustainability & Compliance at Transportation Commodities Inc. "The EV Star Cab & Chassis provides the flexibility to add the body that is ideal for our business operations allowing us to provide a zero-emission alternative to our customers."
TCI will upfit the EV Star Cab & Chassis with a body that meets the needs of their customers. GP Truck Body has provided quotes to supply the upfitting service for TCI, including a Stakebed Truck body and the ReeferX refrigerated body. "With GP Truck Body manufacturing the upfit, the customer benefits from the EV technology expertise of our upfitting services as well as a one-stop-shop for purchasing and after sale service," Tritt continued.
The all-electric GreenPower proprietary EV Star Cab & Chassis was designed to take on any mid and last-mile delivery while maintaining the benefits of being a zero-emissions vehicle. It is purpose-built to be an electric vehicle and is designed to accommodate a multitude of upfits or bodies for different use cases. With a carrying capacity of 7,000 pounds and a range of up to 150 miles, the GreenPower EV Star Cab & Chassis is the perfect vehicle for any fleet. 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-emission goods and people transportation.
Contacts:
Brendan Riley
President
brendan@greenpowermotor.com
Claus Tritt
Vice President of Medium-Duty and Commercial Sales
claus.t@greenpowermotor.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
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. ©2024 GreenPower Motor Company Inc. All rights reserved.
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SOURCE GreenPower Motor Company
FAQ
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