GreenPower Unveils the EV Star REEFER X - A New Modern, All-Electric Refrigerated Medium-Duty Truck

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]