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GreenPower Receives Follow-On Order for 10 EV Star Passenger Vans from Washington University in St. Louis

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GreenPower Motor Company Inc. (NASDAQ: GP) (TSXV: GPV) has received a follow-on order for 10 EV Star Passenger Vans from Washington University in St. Louis for on-campus student transportation. This order follows the university's previous purchase of five EV Star Passenger Vans, which have been in use for over two years.

The EV Star Passenger Van is a zero-emission vehicle with a range of up to 150 miles and dual charging capabilities. It is built on the EV Star Cab & Chassis platform and offers versatile configuration and carrying capacity. The vans ordered by Washington University will be equipped with rear BraunAbility ADA lifts, Q'STRAINT wheelchair securement positions, and optional bike racks.

GreenPower designs and manufactures a range of all-electric medium and heavy-duty vehicles, including transit buses, school buses, shuttles, and cargo vans. The company is listed on both NASDAQ and the Toronto Stock Exchange.

GreenPower Motor Company Inc. (NASDAQ: GP) (TSXV: GPV) ha ricevuto un ordine di follow-up per 10 Van Passeggeri EV Star dalla Washington University di St. Louis per il trasporto degli studenti all'interno del campus. Questo ordine segue l'acquisto precedente dell'università di cinque Van Passeggeri EV Star, che sono in uso da oltre due anni.

Il Van Passeggeri EV Star è un veicolo a zero emissioni con un'autonomia fino a 150 miglia e capacità di ricarica doppia. È costruito sulla piattaforma EV Star Cab & Chassis e offre configurazioni versatili e capacità di carico. I van ordinati dalla Washington University saranno dotati di rampe BraunAbility ADA posteriori, posizioni di bloccaggio per carrozzine Q'STRAINT e portabiciclette opzionali.

GreenPower progetta e produce una gamma di veicoli completamente elettrici di medie e grandi dimensioni, tra cui autobus di linea, scuolabus, navette e furgoni per carichi. L'azienda è quotata sia al NASDAQ che alla Borsa di Toronto.

GreenPower Motor Company Inc. (NASDAQ: GP) (TSXV: GPV) ha recibido un pedido adicional de 10 Vans de Pasajeros EV Star de la Universidad de Washington en St. Louis para el transporte de estudiantes en el campus. Este pedido sigue a la compra anterior de cinco Vans de Pasajeros EV Star, que han estado en uso durante más de dos años.

La Van de Pasajeros EV Star es un vehículo de cero emisiones con un alcance de hasta 150 millas y capacidades de carga dual. Está construida sobre la plataforma EV Star Cab & Chassis y ofrece configuraciones versátiles y capacidad de carga. Las furgonetas ordenadas por la Universidad de Washington estarán equipadas con rampas BraunAbility ADA traseras, posiciones de aseguramiento de sillas de ruedas Q'STRAINT y portabicicletas opcionales.

GreenPower diseña y fabrica una gama de vehículos completamente eléctricos de mediana y gran capacidad, incluidos autobuses de tránsito, autobuses escolares, autobuses de enlace y furgones de carga. La empresa está lista tanto en NASDAQ como en la Bolsa de Valores de Toronto.

그린파워 모터 컴퍼니(주) (NASDAQ: GP) (TSXV: GPV)는 세인트루이스에 위치한 워싱턴 대학교로부터 10대의 EV 스타 패신저 밴 후속 주문을 받았습니다. 이 주문은 대학이 이전에 5대의 EV 스타 패신저 밴을 구입한 이후에 이루어지며, 이 밴들은 2년 이상 사용되고 있습니다.

EV 스타 패신저 밴은 최대 150마일의 주행거리와 이중 충전 기능을 갖춘 제로 배출 차량입니다. 이 차량은 EV 스타 캡 & 섀시 플랫폼 위에 제작되었으며, 다양한 구성과 적재 능력을 제공합니다. 워싱턴 대학교가 주문한 밴에는 후면 브라운 어빌리티 ADA 리프트, Q'STRAINT 휠체어 고정 장치, 선택적 자전거 거치대가 장착될 예정입니다.

그린파워는 시내버스, 학교버스, 셔틀버스 및 화물 밴을 포함한 다양한 완전 전기 중형 및 대형 차량을 설계하고 제조합니다. 이 회사는 NASDAQ과 토론토 증권 거래소에 상장되어 있습니다.

GreenPower Motor Company Inc. (NASDAQ: GP) (TSXV: GPV) a reçu une commande supplémentaire de 10 vans passagers EV Star de l'Université de Washington à St. Louis pour le transport des étudiants sur le campus. Cette commande fait suite à l'achat précédent par l'université de cinq vans passagers EV Star, qui sont en service depuis plus de deux ans.

Le van passager EV Star est un véhicule à zéro émission avec une autonomie allant jusqu'à 150 miles et des capacités de chargement doubles. Il est construit sur la plateforme EV Star Cab & Châssis et offre une configuration polyvalente et une capacité de chargement. Les vans commandés par l'Université de Washington seront équipés de rampes arrière BraunAbility ADA, de positions de sécurisation de fauteuils roulants Q'STRAINT et de porte-vélos en option.

GreenPower conçoit et fabrique une gamme de véhicules entièrement électriques de taille moyenne et lourde, y compris des autobus de transport, des autobus scolaires, des navettes et des vans de cargo. L'entreprise est cotée à la fois sur NASDAQ et à la Bourse de Toronto.

Die GreenPower Motor Company Inc. (NASDAQ: GP) (TSXV: GPV) hat einen Folgeauftrag über 10 EV Star-Passagervans von der Washington University in St. Louis für den Studentenverkehr auf dem Campus erhalten. Dieser Auftrag folgt dem vorherigen Kauf der Universität von fünf EV Star-Passagervans, die seit über zwei Jahren im Einsatz sind.

Der EV Star-Passagervan ist ein emissionsfreies Fahrzeug mit einer Reichweite von bis zu 150 Meilen und dualen Ladefähigkeiten. Er basiert auf der EV Star Cab & Chassis-Plattform und bietet vielseitige Konfigurationen und Tragfähigkeit. Die von der Washington University bestellten Vans werden mit hinteren BraunAbility ADA-Liften, Q'STRAINT-Rollstuhl-Sicherungspositionen und optionalen Fahrradträgern ausgestattet.

GreenPower entwirft und produziert eine Reihe von vollelektrischen Mittel- und Schwerlastfahrzeugen, darunter Linienbusse, Schulbusse, Shuttlebusse und Transporter. Das Unternehmen ist sowohl an der NASDAQ als auch an der Toronto Stock Exchange gelistet.

Positive
  • Received a follow-on order for 10 EV Star Passenger Vans from an existing customer
  • Demonstrates customer satisfaction and product reliability with repeat business
  • Expands presence in the university transportation market
Negative
  • None.

Insights

This follow-on order from Washington University in St. Louis for 10 EV Star Passenger Vans is a positive development for GreenPower Motor Company. It demonstrates customer satisfaction and potential for repeat business in the educational sector. The order size, while modest, is significant for a company with a market cap of $38.4 million.

Key points to consider:

  • Expansion of existing relationship: This second order builds on a two-year track record with the university, indicating product reliability and customer satisfaction.
  • Market validation: The repeat order validates GreenPower's product in the campus transportation niche, which could lead to opportunities with other educational institutions.
  • Product differentiation: The EV Star Passenger Van's 150-mile range, dual charging capabilities and versatile configuration set it apart in the shuttle and transit space.
  • Customization capabilities: The inclusion of ADA lifts, wheelchair securement and bike racks demonstrates GreenPower's ability to meet specific customer needs, potentially opening doors to other specialized markets.

While this order alone may not significantly impact GreenPower's financials, it strengthens the company's position in the educational sector and could serve as a reference for future sales to similar institutions.

LOS ANGELES, Oct. 1, 2024 /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 an order for 10 EV Star Passenger Vans to be delivered to Washington University in St. Louis for on-campus student transportation.

"We are excited to receive this second order from Washington University," said Claus Tritt, GreenPower's Vice President of Medium-Duty and Commercial Sales. "The University has been providing student transportation on campus for more than two years now with five EV Star Passenger Vans. This second group of ten all-electric, purpose-built, zero-emission GreenPower vehicles will allow the college to provide additional safe, sustainable and healthy transportation for its students."

The multi-purpose, zero-emission EV Star Passenger Van has established the new standard of performance, safety and sustainability for the shuttle and transit space with a range of up to 150 miles and dual charging capabilities as a standard feature. It is purpose-built on the EV Star Cab & Chassis platform to be an all-electric vehicle with the most versatile configuration and carrying capacity it its class, and it comes with an electric bus door for easy accessibility. Dealing with GreenPower as the single manufacturing entity provides for ease of warranty claims, service and overall customer experience.

The EV Star Passenger Vans as ordered by Washington University in St. Louis will be equipped with rear BraunAbility ADA lifts and Q'STRAINT wheelchair securement positions. The WashU vehicles also include an optional bike rack on the front of each van to provide further mobility options for the students.

Contacts:
Claus Tritt
Vice President of Medium-Duty and Commercial Vehicle Sales
claus.t@greenpowermotor.com

Mark Nestlen
Vice President of Business Development and Strategy
mark.n@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 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. ©2024 GreenPower Motor Company Inc. All rights reserved.

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SOURCE GreenPower Motor Company

FAQ

What is the new order GreenPower (GP) received from Washington University in St. Louis?

GreenPower received a follow-on order for 10 EV Star Passenger Vans from Washington University in St. Louis for on-campus student transportation.

What is the range of GreenPower's (GP) EV Star Passenger Van?

The EV Star Passenger Van has a range of up to 150 miles and comes with dual charging capabilities as a standard feature.

What special features will the EV Star Passenger Vans for Washington University have?

The vans will be equipped with rear BraunAbility ADA lifts, Q'STRAINT wheelchair securement positions, and optional bike racks on the front of each van.

When did GreenPower (GP) complete its U.S. IPO and NASDAQ listing?

GreenPower completed its U.S. IPO and NASDAQ listing in August 2020.

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