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GreenPower Ships Eight EV Star Passenger Vans to Washington University in St. Louis For Follow-on Order

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GreenPower Motor Company has shipped eight EV Star Passenger Vans to Washington University in St. Louis, with two more to be delivered later this quarter. This follow-on order adds to the university's existing fleet of five EV Star vans used for campus transportation. The vehicles feature a 150-mile range, dual charging capabilities, and ADA accessibility options. Since October 1st, GreenPower has also delivered nine Type D BEAST school buses, one Type A Nano BEAST, and two additional EV Star Passenger Vans with ADA features. The company reports that current quarter deliveries have nearly exceeded the previous quarter's total.

GreenPower Motor Company ha spedito otto EV Star Passenger Vans alla Washington University di St. Louis, con ulteriori due che saranno consegnati entro la fine di questo trimestre. Questo ordine aggiuntivo si somma alla flotta esistente dell'università di cinque furgoni EV Star utilizzati per il trasporto nel campus. I veicoli presentano un'autonomia di 150 miglia, capacità di ricarica doppia e opzioni di accessibilità per l'ADA. Dal 1 ottobre, GreenPower ha anche consegnato nove autobus scolastici di Tipo D BEAST, un Tipo A Nano BEAST e due ulteriori EV Star Passenger Van con caratteristiche ADA. L'azienda riporta che le consegne del trimestre attuale hanno quasi superato il totale del trimestre precedente.

GreenPower Motor Company ha enviado ocho EV Star Passenger Vans a la Universidad de Washington en St. Louis, con otras dos que se entregarán más adelante este trimestre. Este pedido adicional suma a la flota existente de la universidad de cinco furgonetas EV Star utilizadas para el transporte en el campus. Los vehículos cuentan con un alcance de 150 millas, capacidades de carga dual y opciones de accesibilidad para la ADA. Desde el 1 de octubre, GreenPower también ha entregado nueve autobuses escolares Tipo D BEAST, un Tipo A Nano BEAST y dos furgonetas EV Star Passenger adicionales con características de ADA. La empresa informa que las entregas del trimestre actual han casi superado el total del trimestre anterior.

GreenPower Motor Company는 세인트루이스에 있는 워싱턴 대학교에 EV Star Passenger Vans 8대를 배송했고, 이 분기 중에 추가로 2대가 더 배송될 예정입니다. 이번 추가 주문은 캠퍼스 내 교통을 위해 사용되는 5대의 EV Star 밴으로 구성된 대학의 기존 차량 fleet에 추가됩니다. 이 차량들은 150마일의 주행 거리, 이중 충전 기능 및 ADA 접근성 옵션을 특징으로 합니다. 10월 1일 이후, GreenPower는 9대의 타입 D BEAST 학교 버스, 1대의 타입 A Nano BEAST와 ADA 기능이 있는 2대의 추가 EV Star Passenger Van을 배달했습니다. 이 회사는 현재 분기의 납품이 이전 분기의 총 납품량을 거의 초과했다고 보고했습니다.

GreenPower Motor Company a expédié huit EV Star Passenger Vans à l'Université de Washington à St. Louis, avec deux autres qui doivent être livrées plus tard ce trimestre. Cette commande supplémentaire s'ajoute à la flotte existante de l'université de cinq vans EV Star utilisés pour le transport sur le campus. Les véhicules offrent une autonomie de 150 miles, des capacités de charge doubles et des options d'accessibilité ADA. Depuis le 1er octobre, GreenPower a également livré neuf bus scolaires de type D BEAST, un type A Nano BEAST et deux vans passagers EV Star supplémentaires avec des caractéristiques ADA. L'entreprise rapporte que les livraisons du trimestre en cours ont presque dépassé le total du trimestre précédent.

GreenPower Motor Company hat acht EV Star Passenger Vans an die Washington University in St. Louis geliefert, wobei zwei weitere später in diesem Quartal geliefert werden sollen. Diese Nachbestellung erweitert die bestehende Flotte der Universität um fünf EV Star-Vans, die für den Transport auf dem Campus genutzt werden. Die Fahrzeuge verfügen über eine Reichweite von 150 Meilen, doppelte Ladefähigkeiten und Optionen für die Zugänglichkeit gemäß ADA. Seit dem 1. Oktober hat GreenPower zudem neun Typ D BEAST Schulbusse, einen Typ A Nano BEAST und zwei weitere EV Star Passenger Vans mit ADA-Funktionen geliefert. Das Unternehmen berichtet, dass die Lieferungen im aktuellen Quartal nahezu die Gesamtzahl des vorherigen Quartals überschritten haben.

Positive
  • Strong delivery momentum with Q4 deliveries already surpassing previous quarter
  • Secured repeat order from existing customer demonstrating product satisfaction
  • Expanding presence in educational institution market
Negative
  • None.

Insights

This delivery of 8 EV Star Passenger Vans to Washington University, with 2 more pending, represents significant progress in GreenPower's Q4 execution. The follow-on order validates product satisfaction and suggests strong customer retention. The company's Q4 deliveries are outpacing last quarter, with a diverse mix including 9 BEAST school buses, 1 Nano BEAST and 2 EV Star Passenger Vans with specialized features. For a small-cap company ($24.8M), these orders are material to revenue. The university market represents a promising growth segment, as institutions increasingly prioritize sustainable transportation solutions. The EV Star's versatility, range and customization options position it well for campus mobility needs.

LOS ANGELES, Nov. 15, 2024 /PRNewswire/ -- GreenPower Motor Company Inc. (NASDAQ: GP) (TSXV: GPV) ("GreenPower"), a leading manufacturer and distributor of all-electric, purpose-built, zero-emission medium and heavy-duty vehicles serving the cargo and delivery market, shuttle and transit space and school bus sector, today announced that eight EV Star Passenger Vans have been shipped to Washington University in St. Louis, Missouri for on-campus student transportation with an additional two to be delivered later this quarter.

"We are excited to be deploying this follow-on order to 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 almost two years now with five EV Star Passenger Vans. The addition of 10 more all-electric, purpose-built, zero-emission GreenPower vehicles will allow the University to provide safe, sustainable and healthy transportation for its students, faculty, staff and visitors."

The shipment of the eight EV Star Passenger Vans continues the delivery schedule GreenPower has set during the first half of this quarter. In addition to the eight vehicles shipped to WashU, GreenPower has delivered nine Type D BEAST all-electric, purpose-built, zero-emission school buses, one Type A Nano BEAST and two EV Star Passenger Vans with rear ADA lift and wheelchair securements.  "The deliveries since October 1st have almost surpassed the total number of vehicles delivered in the last quarter," said Fraser Atkinson, CEO of GreenPower. "We expect to continue deliveries through to the end of the calendar year, finishing 2024 strong."

The EV Star Passenger Vans for Washington University in St. Louis are multi-purpose, zero-emission vehicles with a range of up to 150 miles and offer dual charging capabilities as a standard feature. They are purpose-built to be all-electric vehicles and have the most versatile seating configurations and carrying capacity in its class. The vehicles come with an electric bus door for easy accessibility and 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

Fraser Atkinson, CEO
fraser@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. Such forward looking statements include, among other things, that GreenPower expects to continue to deliver vehicles through to the end of the calendar year. 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

How many EV Star Passenger Vans did GreenPower (GP) ship to Washington University in November 2024?

GreenPower shipped eight EV Star Passenger Vans to Washington University in St. Louis, with two additional vans scheduled for delivery later in the quarter.

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.

How many vehicles has GreenPower (GP) delivered since October 1st, 2024?

Since October 1st, 2024, GreenPower has delivered eight EV Star Passenger Vans to WashU, nine Type D BEAST school buses, one Type A Nano BEAST, and two EV Star Passenger Vans with ADA features.

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