GreenPower Appoints Leonard Bus Sales as a School Bus Dealer for the State of New York
GreenPower Motor Company (NASDAQ: GP) has appointed Leonard Bus Sales as a dealer for its BEAST and Nano BEAST all-electric school buses in New York. Leonard will have exclusive rights statewide, except in eight counties around New York City. They plan to purchase two of each bus for demos. New York mandates that all new school bus purchases be 100% electric by 2027 and aims for a complete transition by 2035. This partnership positions GreenPower favorably as the state pushes for zero-emission transportation.
- Appointment of Leonard Bus Sales enhances distribution in key market.
- Compliance with New York's mandate positions GreenPower for growth.
- Exclusivity only applies to certain areas, limiting potential sales.
State has 50,000 school buses and a mandate that all new purchases be zero-emissions by 2027
SOUTH CHARLESTON, W.Va., Aug. 22, 2022 /PRNewswire/ -- 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 appointment of Leonard Bus Sales Inc. ("Leonard") as a dealer for GreenPower's BEAST Type D and Nano BEAST Type A all-electric school buses for the state of New York.
Leonard has five locations and will have an exclusive appointment for the state of New York except for eight counties representing the New York City area, which will be non-exclusive. Leonard has initially agreed to purchase two BEAST and two Nano BEAST school buses from GreenPower for customers and demonstrations.
"We are excited to be working with Leonard who is a proven school bus dealer in the state of New York, which has approximately 50,000 school buses in operations," said Michael Perez, Vice President School Bus, Contracts and Grants of GreenPower.
As part of the current budget, the state of New York will require that all school buses be
"This new law makes New York the first state in the country to commit to fully electrifying its school bus fleet and to establish, as a priority, protecting kids' health," Perez continued. "The GreenPower dealer agreement with Leonard positions the BEAST and Nano BEAST as the purpose-built, all-electric, zero-emissions school buses that will meet the goals set by the Governor and Legislature."
Senator Timothy Kennedy, Chair of the New York Senate Transportation Committee said "Increasing our usage of zero emission school buses is a key component of reducing New York State's carbon footprint and fulfilling the goals of the Climate Leadership & Community Protection Act, which is why I was proud to push to include language in this year's state budget that commits to fully electrifying our school bus fleets by 2035. Congratulations to GreenPower Motor Company and Leonard Bus Sales on this exciting partnership that will provide more electric zero-emission school bus options for our state's school districts and transportation providers."
GreenPower's BEAST is a 40-foot Type D school bus seating up to 90 passengers and the Nano BEAST is a 25-foot Type A school bus which is available with standard seating or with ADA. Both the BEAST and Nano BEAST have a class-leading range of up to 150 miles with a monocoque chassis design and are built from the ground up to be battery-electric. The vehicles can charge up to 20 KW on a standard J1772 protocol or DC fast charge.
GreenPower and Media Contacts:
Brendan Riley
President
(510) 910-3377
Michael Perez
Vice President School Bus, Contracts and Grants
(909) 308-0960
Allie Potter
Skyya PR for GreenPower
(218) 766-8856
allie@skyya.com
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
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.
View original content to download multimedia:https://www.prnewswire.com/news-releases/greenpower-appoints-leonard-bus-sales-as-a-school-bus-dealer-for-the-state-of-new-york-301609458.html
SOURCE GreenPower Motor Company
FAQ
What is the significance of GreenPower's partnership with Leonard Bus Sales?
When is GreenPower expected to deliver the electric school buses to Leonard?
What are the electric school bus mandates in New York?
How does this partnership affect GreenPower's market position?
