Company Cites Electric Vehicle Ecosystem, Foreign Trade Zone & Financial Incentives as Reasons for New Mexico Facility SANTA TERESA, N.M., Jan. 9, 2026 /PRNewswire/ -- GreenPower Motor Company Inc. (NASDAQ: GP) ("GreenPower" or the "Company") 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 cited New Mexico's electric vehicle ecosystem, the Santa T ...

Core Insights - GreenPower offers a comprehensive range of Class 4 all-electric, purpose-built, zero-emission commercial vehicles eligible for various incentives [1][4] - The new round of Standard HVIP funding provides over $140 million for fleets, with base vouchers of $60,000 available for each Class 4 zero-emission vehicle [2] - Small business fleets can access vouchers up to $130,000 per vehicle under the Innovative Small E-Fleet (ISEF) program, which allocates $20 million for flexible adoption pathways [3] Funding Opportunities - Medium and large fleets with 20 or more medium and heavy-duty vehicles can hold up to 20 unredeemed vouchers at a time, with funding available on a first-come, first-served basis [2] - Past funding rounds have been depleted quickly, emphasizing the need for fleets to prepare documentation and submit requests promptly [2][4] - The ISEF program supports innovative solutions like short-term leases and bundled offerings, helping smaller operators overcome initial cost and infrastructure challenges [3] Product Offerings - GreenPower's lineup includes various models such as the EV Star Passenger Van, EV Star Mobility Plus, and commercial cargo vehicles, all available for immediate delivery [4] - The company emphasizes collaboration with customers and upfitters to customize vehicles according to specific requirements [4] - GreenPower's vehicles are designed with a clean-sheet approach, ensuring they are purpose-built for battery power and zero emissions [6]

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].

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]