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GreenPower Updates Sales Pipeline and Reports First Quarter Fiscal 2025 Results
Prnewswire· 2024-08-14 21:15
Shareholder Call Scheduled for August 15, 2024 at 9:30 a.m. EDT/6:30 a.m. PDT VANCOUVER, BC, Aug. 14, 2024 /PRNewswire/ -- GreenPower Motor Company Inc. (Nasdaq: GP) (TSXV: GPV) ("GreenPower" and the "Company"), 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 reported its first quarter fiscal year 2025 results and provided an update on its sales pi ...
GreenPower to Showcase its EV School Bus Safety at STN Reno
Prnewswire· 2024-07-11 12:30
"At GreenPower, our commitment lies in guaranteeing safe, sustainable and sensible school transportation," said GreenPower President Brendan Riley. "We look forward to engaging in another year at STN, where we will demonstrate GreenPower's unwavering dedication to safety and dependability. Our all-electric, purpose-built, zero-emission school buses are reshaping student transportation, offering families and communities a safe, healthy mode of travel for kids." GreenPower executives will be available for one ...
GreenPower Motor Co(GP) - 2024 Q4 - Annual Report
2024-07-01 17:04
ITEM 2. OFFER STATISTICS AND EXPECTED TIMETABLE Not applicable. A. Reserved Not applicable. Risks Related to Our Business If the revenue from the sale of our electric vehicles is not sufficient to cover our cash requirements, we will need to raise additional funds through the sale of equity or other securities, or the issuance of additional debt. Financing may not be available at terms that are acceptable to us, if at all. The reduction or elimination of government and economic incentives, funding approval ...
GreenPower Reports Revenue of $39.3 Million for Fiscal 2024
Prnewswire· 2024-06-29 01:35
Conference Call Scheduled for July 1, 2024 at 9:30 a.m. EDT/6:30 a.m. PDT Fiscal Year 2024 Highlights: Conference Call Information Replay: (US) 1-877-344-7529; (Canada) 1-855-669-9658; (International) 1-412-317-0088 Michael Sieffert, CFO (604) 563-4144 SOURCE GreenPower Motor Company "Despite significant headwinds in the EV sector, GreenPower has made substantial strides with its plan to transition to a production plan driven by customer orders," said Fraser Atkinson, GreenPower Chairman and CEO. "This tran ...
GreenPower Delivers First BEAST Produced in West Virginia Manufacturing Facility and Provides Update on Order for 37 BEASTs to be Delivered in 2024 to School Districts in West Virginia
Prnewswire· 2024-06-27 13:00
Purchase of the BEAST by Kanawha County was entirely through its own school bus replenishment funds; no federal or state grant money was used. "The economics of GreenPower all-electric school buses makes it an easy decision to migrate your fleet from diesel to electric," said Tom Williams, Superintendent of the Kanawha County School District. "We deployed the first Nano BEAST Access produced in South Charleston and now we are receiving the first BEAST made at the GreenPower facility as well. We are looking ...
GreenPower Unveils the EV Star REEFER X - A New Modern, All-Electric Refrigerated Medium-Duty Truck
Prnewswire· 2024-06-05 11:00
Company Overview - GreenPower Motor Company designs, builds, and distributes a full suite of all-electric medium and heavy-duty vehicles, including transit buses, school buses, shuttles, and cargo vans [6] - The company employs a clean-sheet design to manufacture battery-powered vehicles with zero emissions, integrating global suppliers for key components [6] - GreenPower was founded in Vancouver, Canada, with primary operational facilities in southern California and is listed on the Toronto exchange since November 2015, completing its U.S. IPO and NASDAQ listing in August 2020 [6] Product Offering - The EV Star REEFERX is a purpose-built all-electric commercial vehicle designed for mid to last-mile refrigerated delivery and catering applications, featuring a lighter body for increased payload [1][2] - The vehicle is capable of moving temperature-controlled goods such as fresh and frozen foods, flowers, and pharmaceuticals, with a payload capacity of up to 5,500 lbs and a range of up to 150 miles [5] - The one-piece box design of the EV Star REEFERX provides benefits such as easy repair, quick assembly, and consistent insulation, contributing to a longer vehicle life [5] Market Opportunity - The global refrigerated trucks market size reached $9.8 billion in 2023 and is expected to grow to $15.4 billion by 2032, driven by federal and state regulations promoting the adoption of all-electric commercial vehicles [3] - California's proposed regulation for all Transportation Refrigeration Units (TRUs) to achieve zero emissions by the end of 2035 presents a significant market opportunity for GreenPower [3] - The increasing demand for online shopping and home grocery delivery further enhances the market potential for the EV Star REEFERX [3] Customer Experience - GreenPower offers a "one-stop shop" approach through GP Truck Body, allowing customers to streamline warranty claims, service, and overall experience, which is a key differentiator in customer decision-making [3] - The EV Star REEFERX features customizable options for low or high voltage refrigerator units and various insulation thicknesses to meet different applications and environments [5] - The vehicle's design reduces day-to-day upkeep and sanitation downtime, improving total cost of ownership (TCO) for fleet owners [5]
GreenPower to Unveil New State-of-the-Art Refrigerated All-Electric Commercial Truck for Mid and Last-Mile Delivery at Home Delivery World
Prnewswire· 2024-05-31 13:00
Core Insights - GreenPower Motor Company will unveil a new all-electric refrigerated truck at the Home Delivery World event on June 5-6, 2024, in Philadelphia, Pennsylvania [1][3] - The company focuses on providing all-electric vehicle solutions that lower total cost of ownership while supporting sustainability goals for mid to last-mile delivery [2] Company Overview - GreenPower designs, builds, and distributes a range of all-electric medium and heavy-duty vehicles, including transit buses, school buses, shuttles, and cargo vans [5] - The company employs a clean-sheet design approach to manufacture vehicles that are purpose-built for battery power and zero emissions, integrating global suppliers for key components [5] - Founded in Vancouver, Canada, GreenPower has primary operational facilities in southern California and was listed on the Toronto exchange in November 2015, completing its U.S. IPO and NASDAQ listing in August 2020 [5]
GreenPower to Showcase its EV School Bus Safety at STN Indy
Prnewswire· 2024-05-23 13:00
Core Insights - GreenPower is committed to providing safe, sustainable, and reliable school transportation through its all-electric, zero-emission school buses [1][4] - The company will participate in the STN Expo Indy, showcasing its innovative electric school buses and engaging with industry professionals [1][2] Company Overview - GreenPower designs, builds, and distributes a range of all-electric vehicles, including school buses, transit buses, and cargo vans, focusing on zero emissions and battery-powered solutions [7] - The company was founded in Vancouver, Canada, and has operational facilities in southern California, with a public listing on the Toronto exchange since November 2015 and a NASDAQ listing since August 2020 [7] Events and Engagements - GreenPower will host a vehicle showcase on June 2, featuring its Nano BEAST Access school bus, which accommodates up to 18 passengers and has a range of up to 150 miles [4] - The Green Bus Summit will include a panel discussion led by GreenPower President Brendan Riley, focusing on safety and health considerations in transporting school children [6][7] - A ride and drive event will take place on June 3, allowing attendees to experience the Type-D BEAST all-electric school bus [5] Industry Collaboration - The Transportation Director Summit will occur on May 31 and June 1, providing networking opportunities for school district leaders and industry suppliers [3] - GreenPower executives will be available for one-on-one meetings during the STN Expo to discuss incentives and funding opportunities for interested school districts [2]
Why Is GreenPower Motor (GP) Stock Down 36% Today?
InvestorPlace· 2024-05-07 12:42
GreenPower Motor (NASDAQ:GP) stock is falling on Tuesday after the electric vehicle (EV) company announced the pricing of a public offering for its shares.GreenPower Motor is selling 1.5 million shares of GP stock with each of these shares coming with one warrant. Those warrants can be exercised to acquire another share of the company’s stock.The units in this public offering are being sold for $1.55 and the warrants have an exercise price of $1.82 per share. The warrants can be exercised immediately and wi ...
GreenPower Announces Pricing of US$2.3 Million Underwritten Public Offering
Prnewswire· 2024-05-07 02:04
VANCOUVER, BC, May 6, 2024 /PRNewswire/ -- GreenPower Motor Company Inc. (NASDAQ: GP) (TSXV: GPV) ("GreenPower" or the "Company"), 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 the pricing of its previously announced underwritten public offering (the "Offering"). The Offering consists of 1,500,000 common shares and warrants to purchase ...