GreenPower (GP) Soars 23% as Their All-Electric School Busses are Eligible for Purchase Under EPA Announcement
GreenPower Motor Company (GP) rose 23% today as they announced their all-electric school buses BEAST and Nano BEAST are eligible for purchase under today’s EPA announcement.
According to the announcement, the Type D GreenPower BEAST all-electric school bus is eligible for $375,000 in grant funding tand the Type A all-electric GreenPower Nano BEAST is eligible for $285,000. GreenPower has both BEASTs and Nano BEASTs manufactured and ready for immediate sale, delivery and deployment under the program.
“The funding under the Clean School Bus Program will transform the nation’s school bus fleet,” said GreenPower President Brendan Riley. “Accelerating the transition to clean, zero-emission school buses will result in reduced pollutant levels and a healthier ride for kids. GreenPower is pleased to be the leader in this transition through the deployment of its BEAST and Nano BEAST all-electric, zero-emission school buses nationwide.”
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