GreenPower Motor (GP) Investor Presentation - Slideshow

Company Overview - GreenPower is a designer, manufacturer, and distributor of battery-electric zero-emission vehicles, focusing on local cargo/delivery, transit, shuttle, and school sectors[3] - The company's flagship model is the EV Star Platform, which is experiencing strong demand[3] - GreenPower's vehicles are Buy America compliant and Altoona tested[7] Financial Performance - In the year ended March 31, 2020, GreenPower delivered 68 buses, generating $135 million in revenue with a gross profit of $4 million, representing 30% of sales[4] - As of December 31, 2020, the company had $313 million in working capital, including $21 million in cash[33] - GreenPower completed a financing for gross proceeds of over $37 million[33] Market Opportunity and Growth - Bloomberg NEF projects significant growth in the battery electric vehicle market in the United States, with medium and heavy-duty commercial vehicles expected to grow from 1,600 in 2020 to over 50,000 in 2025, 227,000 in 2030, and 912,000 in 2040[5] - Battery electric bus sales are projected to increase from 2,037 in 2020 to over 25,000 in 2030 and 76,000 in 2040[5] - The FTA will subsidize up to 80% of the purchase price for vehicles that are Buy America Act Compliant and Altoona Tested by eligible transit properties[11] Production and Capacity - GreenPower has a domestic production capability of up to 30 EV Stars per month[25] - Contract manufacturing partners can produce up to 100 cab and chassis units per month[25]