LOS
ANGELES, March 23, 2022 /PRNewswire/ -- GreenPower
Motor Company, Inc. (NASDAQ: GP) (TSXV: GPV) ("GreenPower"), a
leading manufacturer and distributor of zero-emission,
electric-powered, medium and heavy-duty vehicles, today announced
the official launch of the Nano BEAST: a purpose-built,
battery-electric, Type A school bus with a class-leading range of
up to 150 miles per charge.
The Nano BEAST (Battery Electric Automotive School
Transportation) is the only purpose-built, zero-emission, Type A
school bus on the market. Its clean sheet design approach
facilitates optimal battery pack placement and weight distribution,
allowing the vehicle to accommodate a larger energy supply, deliver
a longer range and set the new standard for zero emissions student
transportation. The Nano BEAST will have the largest standard
battery pack for a Type A school bus in the market.
GreenPower developed the Nano BEAST using its purpose-built
flagship EV Star Platform, which has accumulated approximately 200
deliveries throughout North
America with deliveries growing every month. This platform
has proven its efficiency and reliability in a wide variety of
operational settings including paratransit, airport shuttling,
micro transit, cargo delivery and vanpool service.
GreenPower will begin initial deliveries to its customers in the
coming months and anticipates that the pace of these deliveries
will increase by the end of the year.
There are approximately 9,700 new Type A school buses sold every
year and approximately 500,000 yellow school buses running
across the country. With state vouchers, federal
funding and mandates to go all-electric the Nano BEAST rounds out
GreenPower's school bus product offerings.
"The Nano BEAST offers unprecedented levels of safety and
reliability for a zero-emission, Type A school bus. We've seen the
EV Star Platform exceed expectations in other industries, and we
look forward to carrying this over into the school bus industry
with our proven, unparalleled technology, said Riley. "The
school bus industry is the largest form of transportation in the
U.S. with more than 25 million students transported daily.
Providing school districts and our communities with a safer
alternative to diesel-emitting school buses provides tremendous
health benefits for our children, especially since NOx exhaust is a
trigger of health problems like asthma and other respiratory
issues. The move to all-electric options is critical and GreenPower
remains committed to providing a better, cleaner and safer
transportation future."
According to the Environmental Protection Agency (EPA), the
primary source of NOx is motor vehicles, including school
buses. NOx exhaust can trigger health problems like
asthma, bronchitis, and other respiratory issues.
Ryne Shetterly, Vice President of
Sales and Marketing at GreenPower, added, "We are avid supporters
of the Federal administration's school bus electrification goals.
The launch of a purpose-built, battery-electric, Type A school bus
was a critical next step for GreenPower and the industry."
Shetterly continued, "The development of the Nano BEAST is a
monumental achievement, both for GreenPower and for the school
transportation industry at large."
To inquire about representation agreements or demonstrations,
please reach out to sales@greenpowermotor.com.
Contacts
Brendan Riley
President
(510) 910-3377
Ryne Shetterly
Vice President of Sales and Marketing
(909) 954-7530
Mike Cole
Investor Relations
(949) 444-1341
Megan Kathman
Skyya PR for GreenPower
(651) 785-3212
megan@skyya.com
About GreenPower Motor Company Inc.
GreenPower
designs, builds and distributes a full suite of high-floor and
low-floor all-electric medium and heavy-duty vehicles, including
transit buses, school buses, shuttles, cargo van, and a cab and
chassis. GreenPower employs a clean-sheet design to
manufacture all-electric vehicles that are purpose built to be
battery powered with zero emissions while integrating global
suppliers for key components. This OEM platform allows GreenPower
to meet the specifications of various operators while providing
standard parts for ease of maintenance and accessibility for
warranty requirements. GreenPower was founded in Vancouver, Canada with primary operational
facilities in southern California.
Listed on the Toronto exchange
since November 2015, GreenPower
completed its U.S. IPO and NASDAQ listing in August 2020. For further information go
to www.greenpowermotor.com
Forward-Looking Statements
This document
contains forward-looking statements relating to, among other
things, GreenPower's business and operations and the environment in
which it operates, which are based on GreenPower's operations,
estimates, forecasts, and projections. Forward-looking
statements are not based on historical facts, but rather on current
expectations and projections about future events, and are therefore
subject to risks and uncertainties which could cause actual results
to differ materially from the future results expressed or implied
by the forward-looking statements. These statements generally can
be identified by the use of forward-looking words such as "upon",
"may", "should", "will", "could", "intend", "estimate", "plan",
"anticipate", "expect", "believe" or "continue", or the negative
thereof or similar variations. These statements are not guarantees
of future performance and involve risks and uncertainties that are
difficult to predict or are beyond GreenPower's control. A number
of important factors, including those set forth in other public
filings (filed under the Company's profile on www.sedar.com), could
cause actual outcomes and results to differ materially from those
expressed in these forward-looking statements. Consequently,
readers should not place any undue reliance on such forward-looking
statements. In addition, these forward-looking statements relate to
the date on which they are made. GreenPower disclaims any intention
or obligation to update or revise any forward-looking statements
whether as a result of new information, future events or
otherwise.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release. © 2022 GreenPower Motor Company
Inc. All rights reserved.
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SOURCE GreenPower Motor Company