GreenPower Announces Closing of CIBC Financing Facilities

VANCOUVER, BC, Jan. 14, 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 announced that it has closed the previously announced credit approval from CIBC for US$5 million in financing facilities, comprised of a US$3 million revolving line of credit and a US$2 million term loan with a three year term. Two directors of the Company (the "Guarantors") have provided joint and several personal guarantees of up to US$5 million in support of the CIBC financing facilities, and the Company has granted the Guarantors warrants and shares as an incentive for providing the personal guarantees.

PRNewsWire • Jan 14, 2026

GreenPower Receives $5 Million LEDA Award from the State for New Mexico Facility Plus $9.6 Million Jobs Tax Credits and Incentive Funds

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 Teresa Foreign Trade Zone designation and financial incentives offered by the state as reasons the Company has announced plans to open a manufacturing facility in New Mexico.

PRNewsWire • Jan 9, 2026

GreenPower Motor Company Chooses New Mexico for Advanced EV Manufacturing Facility

State to provide assistance for strategic investment that will create more than 340 jobs and generate over $200 million in economic impact while supporting state's energy goals Governor Michelle Lujan GrishamEDD Cabinet Secretary Rob BlackEDD Deputy Cabinet Secretary Isaac RomeroGreenPower CEO Fraser AtkinsonGreenPower President Brendan Riley SANTA FE, N.M., Jan. 8, 2026 /PRNewswire/ -- Electric vehicle manufacturer GreenPower Motor Company (NASDAQ: GP) today announced they have reached an agreement with the New Mexico Economic Development Department (EDD) to establish operations in Santa Teresa, NM.

PRNewsWire • Jan 8, 2026

GreenPower Announces US$10 Million Financing and US$2.95 Million in Standby Letter of Credit Facilities

VANCOUVER, BC, Jan. 8, 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 announced that it has received credit approval from CIBC for $5 million in financing facilities, comprised of a $3 million revolving line of credit and a $2 million term loan with a three year term. Additionally, the Company has received credit approval from CIBC to enter into a letter of credit of $450,000, secured by cash collateral, and a letter of credit facility of up to $2.5 million, which is subject to approval from another financial institution.

PRNewsWire • Jan 9, 2026

California HVIP Incentive Program Reopens December 16th - GreenPower's EV Star Products Eligible for up to $130,000 of Incentives

LOS ANGELES , Dec. 16, 2025 /PRNewswire/ -- GreenPower Motor Company Inc. (Nasdaq: GP) ("GreenPower"), 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 announced that its EV Star line of products are eligible for up to $130,000 in incentives under the Clean Truck and Bus Voucher Incentive Project (HVIP). The HVIP program reopened today with more than $140 Million in available incentives.

PRNewsWire • Dec 16, 2025

New Jersey ZIP Reopens with $37.5 Million in New Funding

GreenPower's EV Star Line-up Eligible for more than $90,000 in Incentives HAINESPORT, N.J. , Nov. 24, 2025 /PRNewswire/ -- GreenPower Motor Company Inc. (NASDAQ: GP) ("GreenPower"), 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 announced that its EV Star line of products are eligible for incentives under the reopened New Jersey Zero-Emission Incentive Program (NJ ZIP).

PRNewsWire • Nov 24, 2025

GreenPower Improves Balance Sheet by $6.8 Million

LOS ANGELES , Nov. 20, 2025 /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 announced that it has entered into an agreement whereby more than $6 million in deposits that had been made to GreenPower for the manufacture of EV Star Cab & Chassis will be retained by GreenPower with no further obligation to deliver vehicles.  GreenPower received advance payments to manufacture EV Star Cab & Chassis and these deposits were recorded as deferred revenue until delivery of the vehicles was accepted.

PRNewsWire • Nov 20, 2025

GreenPower Announces Preferred Share Financing for up to $18 Million

LOS ANGELES , Nov. 14, 2025 /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 announced it has entered into a Securities Purchase Agreement (the "Agreement") for the issuance of up to US$18 million of Series A Convertible Preferred Shares (the "Financing") through a facility with an institutional investor. Pursuant to the Financing, the Company has issued the initial tranche of (i) 754 Series A Convertible Preferred Shares pursuant to an effective shelf registration statement (the "Public Offering") and (ii) 425 Series A Convertible Preferred Shares in a concurrent private placement with a total stated value of $1,179,000 and purchase price of $1,120,050 with a follow-on tranche of 926 Series A Convertible Preferred Shares with a stated value of $926,000 and purchase price of $879,700 pursuant to a registration statement to be filed at a later date.

PRNewsWire • Nov 14, 2025

GreenPower Accelerates Production of All-Electric School Buses; Secures Financing Facility of Up to $18 Million to Convert Record Backlog

Financing facility supports conversion of more than $50 million in contracted school bus orders, with over 130 chassis already produced to accelerate revenue recognition and improve working-capital efficiency. Early production work positions GreenPower for improved gross margins and a pathway to positive operating cash flow.

PRNewsWire • Nov 14, 2025

GreenPower Announces Voluntary Delisting from the TSXV

VANCOUVER, BC , Nov. 5, 2025 /PRNewswire/ -- GreenPower Motor Company Inc. (NASDAQ: GP) (TSXV: GPV) ("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 announces its decision to voluntarily delist its common shares from the TSX Venture Exchange (the "Exchange"), effective the close of business on November 14, 2025. This decision has been made following a thorough review of the Company's strategic priorities and operational efficiencies.

PRNewsWire • Nov 5, 2025