- Business
- GreenPower Motor Company Inc. (TSX-V:GPV, NASDAQ:GP) designs, manufactures, distributes and supports purpose-built, all-electric, zero-emission medium- and heavy-duty vehicles for commercial applications including cargo and delivery, shuttle and transit, and school bus sectors. The company offers a portfolio of battery-electric vehicles comprising the EV Star family including the EV Star Cab & Chassis, EV Star Passenger Van, EV Star Mobility Plus, EV Star ReeferX refrigerated trucks, EV Star Stakebed Truck, EV Star Utility Truck and other upfit configurations for paratransit, micro-transit, vanpool, executive shuttle and last-mile delivery; the BEAST and Nano BEAST all-electric Type-D school buses with monocoque truss chassis, up to 150-mile range, seating for up to 90 students, air ride suspension and pass-through storage; the EV Star platform for medium-duty passenger and cargo transport; legacy models such as the high-floor and low-floor EV350 40-foot transit bus and EV250 30-foot transit bus; and related aftermarket support services including SAE J1772 Level 2 and DC fast charging, wireless charging options and proprietary battery management systems. Founded in 2010 and headquartered in Vancouver, British Columbia, Canada, with sales and administration in Rancho Cucamonga, California, assembly in Porterville, California and manufacturing facilities in South Carolina, GreenPower primarily serves customers in the United States and Canada including transit agencies, school districts, shuttle operators, hospitals, universities and delivery fleets. Recent developments include a November 2025 financing facility of up to $18 million in Series A Convertible Preferred Shares to accelerate production and convert a record backlog exceeding $50 million in contracted Nano BEAST and BEAST school bus orders, with over 130 chassis pre-built to shorten lead times; eligibility of the EV Star lineup for up to $90,000 per vehicle in New Jersey Zero-Emission Incentive Program funding reopened with $37.5 million in November 2025; a balance sheet improvement of $6.8 million announced in November 2025; and a share consolidation effective in August 2025.