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California ISEF Incentive Program Reopens on October 21st GreenPower's EV Stars are Eligible for up to $130,000 of Incentives
Prnewswire· 2025-10-06 13:00
Core Insights - GreenPower Motor Company Inc. has announced that its EV Star product line is eligible for up to $130,000 in incentives under the Innovative Small E-Fleet (ISEF) program, which reopens on October 21 with $30.5 million in available incentives [1][2]. Group 1: Product Offerings - GreenPower offers a comprehensive lineup of Class 4 all-electric, purpose-built, zero-emission vehicles, including the EV Star Passenger Van, EV Star Mobility Plus, EV Star Reefer, EV Star Cab & Chassis, EV Star Stakebed Truck, and EV Star Utility Truck [2][3]. - The ISEF program provides small fleet operators (20 or fewer vehicles and under $15 million annual revenue) with vouchers covering up to 90% of new vehicle costs (excluding taxes) for GreenPower's Class 4 EV Star models [2]. Group 2: Funding and Incentives - The ISEF program is designed to support small fleet operators with enhanced vouchers for zero-emission vehicle rentals, leases, and truck-sharing agreements [2]. - Customers interested in accessing up to 90% funding for up to five new commercial zero-emission vehicles must be prepared to act quickly when the ISEF reopens, as funds will be allocated on a first-come, first-served basis [3]. Group 3: Financial Update - GreenPower provided a quarterly update indicating that for the three months ended September 30, 2025, the company issued 77,202 common shares at an average price of $4.63 per share, resulting in gross proceeds of $357,132 [4]. - After paying a cash commission of $10,714 to Roth Capital Partners, the net proceeds from the share issuance amounted to $346,418 [4].
GreenPower Announces Results of Annual General and Special Meeting and Appointment of Officers
Prnewswire· 2025-05-23 23:00
Core Points - GreenPower Motor Company Inc. held its Annual General and Special Meeting (AGM) on May 23, 2025, where significant corporate decisions were made [1] - Shareholders elected all management's director nominees and re-approved the Company's 2022 Equity Incentive Plan [2] - BDO Canada LLP was appointed as the Company's auditors for the upcoming fiscal year [2] - The Board of Directors appointed Fraser Atkinson as Chairman and CEO, Brendan Riley as President, and Michael Sieffert as CFO and Corporate Secretary for the next year [3] 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 [4] - The Company employs a clean-sheet design approach to manufacture zero-emission vehicles, integrating global suppliers for key components [4] - GreenPower was founded in Vancouver, Canada, with primary operational facilities in southern California, and it has been listed on the Toronto exchange since November 2015, completing its U.S. IPO and NASDAQ listing in August 2020 [4]