GreenPower Motor Company Successfully Closes Fourth Tranche of Term Loan Offering
Vancouver, BC – June 28, 2025 – GreenPower Motor Company Inc. (NASDAQ: GP; TSX: GPV), a leading manufacturer and distributor of zero-emission electric school and transit buses, is pleased to announce the successful closing of its fourth tranche of its previously announced secured term loan offering. This significant milestone underscores the company’s ongoing commitment to robust financial management and its strategic approach to funding growth initiatives.
The offering, which has been met with continued investor confidence, will provide GreenPower with additional capital to support its expanding operations. While specific details of the tranche size and terms are typically provided in regulatory filings, this latest closing indicates a positive reception from lenders and a clear pathway for the company to secure necessary funding.
GreenPower has been experiencing a period of substantial growth, driven by increasing demand for sustainable transportation solutions in the school bus and transit sectors. The company’s innovative all-electric Type D school bus, the “EV Star” transit bus, and its emerging Type A school bus are well-positioned to capitalize on this market trend. The capital raised through this term loan offering is expected to be instrumental in facilitating key aspects of this expansion, which may include:
- Manufacturing Capacity Expansion: Investing in production facilities and equipment to meet growing order backlogs and anticipate future demand.
- Research and Development: Continuing to innovate and enhance its product offerings, ensuring GreenPower remains at the forefront of electric vehicle technology.
- Working Capital: Supporting day-to-day operations, inventory management, and other general corporate purposes as the company scales its business.
- Market Penetration: Broadening its sales and marketing efforts to reach new customers and geographic markets.
This successful closing of the fourth tranche of the term loan offering is a testament to GreenPower’s strong business fundamentals, its dedicated management team, and the increasing recognition of the vital role electric vehicles play in creating a sustainable future. The company’s ability to consistently access capital demonstrates its financial stability and its potential for continued success in the rapidly evolving electric mobility landscape. Investors and stakeholders can look forward to GreenPower leveraging this strengthened financial position to further its mission of delivering clean, safe, and efficient transportation solutions.
GreenPower Closes Fourth Tranche of Term Loan Offering
AI has delivered the news.
The answer to the following question is obtained from Google Gemini.
PR Newswire Environment published ‘GreenPower Closes Fourth Tranche of Term Loan Offering’ at 2025-06-28 02:05. Please write a detailed article about this news in a polite tone with relevant information. Please reply in English with the article only.