GreenPower Delivers 4 EV Star Cab and Chassis to TCI Trucks

Rhea-AI Summary

GreenPower Motor Company (NASDAQ: GP) announced the delivery of four EV Star Cab and Chassis (EV Star CCs) to Transportation Commodities, Inc. (TCI) on January 4, 2022. The vehicles will support TCI's service fleet and were funded through California's Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project. GreenPower emphasized its efficient turnaround times for vehicle deliveries, which sets it apart from competitors. TCI secured $264,000 in HVIP funds for this purchase, marking a significant step in their transition to a zero-emission fleet.

Positive

• Delivery of four EV Star CCs enhances GreenPower's partnership with TCI.
• Funding from California's HVIP supports the expansion of GreenPower's market presence.
• Efficient turnaround times for funding requests and vehicle deliveries bolster GreenPower's competitive advantage.

Negative

• None.

LOS ANGELES, Jan. 4, 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, announced today that Transportation Commodities, Inc. ("TCI") has taken delivery of four GreenPower EV Star Cab and Chassis ("EV Star CCs").

TCI offers comprehensive transportation solutions across the United States and will deploy the EV Star CCs as part of their service fleet. The four units received funding from the most recent funding round of California's Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project (HVIP), which took place on October 28, 2021.

Michael Perez, Director of Contracts and Grants at GreenPower, commented, "As we continue to successfully leverage California HVIP funds, we are proud to provide unrivaled turnaround times between funding request and vehicle delivery. Our recent delivery to TCI highlights this striking efficiency and distinguishes GreenPower from our HVIP competitors." Perez continued, "This delivery marks the beginning of a transformative partnership with TCI, and we look forward to continuing to support their electrification efforts with our purpose-built cab and chassis platform."

John Sappington, Vice President of Sales and Marketing at TCI, added, "As TCI transitions to a greener service fleet, the EV Star CC stands out as a reliable, versatile, zero-emission solution to our unique needs. By partnering with GreenPower to secure $264,000 in HVIP funds, we have been able to take expeditious delivery of the vehicles so that our fleet can reap immediate benefits."

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

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.

 

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SOURCE GreenPower Motor Company

FAQ

What is the significance of GreenPower's delivery of EV Star CCs to TCI?

The delivery marks a partnership aimed at expanding TCI's zero-emission service fleet using GreenPower's electric vehicles.

How much funding did TCI receive for the EV Star CCs?

TCI secured $264,000 from California's Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project for the vehicles.

When was the delivery of EV Star CCs announced?

The delivery was announced on January 4, 2022.

What advantages does GreenPower claim in their vehicle delivery process?

GreenPower claims to have unrivaled turnaround times between funding requests and vehicle deliveries, differentiating itself from competitors.