GreenPower Motor Company Secures Additional Funding Through Successful Term Loan Offering
Vancouver, BC – July 8, 2025 – GreenPower Motor Company Inc. (NASDAQ: GPVR) (TSXV: GPV), a leading manufacturer and distributor of zero-emission electric buses and all-electric transit vans, announced today the successful closing of its fifth tranche of its previously announced term loan offering. This significant financial milestone underscores the company’s robust growth trajectory and its commitment to expanding its production capabilities and market reach.
The latest tranche of the term loan brings additional capital into the company, which will be strategically allocated to bolster GreenPower’s operational capacity and accelerate the delivery of its innovative electric vehicle solutions. This funding is crucial for supporting the increasing demand for GreenPower’s all-electric transit buses and school buses, as well as its recently launched line of electric cargo vans.
“We are delighted with the continued success of our term loan offering and the strong investor confidence it represents,” said Fraser Atkinson, CEO of GreenPower Motor Company. “This additional capital will be instrumental in enabling us to scale our manufacturing operations efficiently, meet the growing market demand for our zero-emission vehicles, and further solidify our position as a leader in the burgeoning electric transportation sector. We are committed to delivering sustainable and cost-effective transportation solutions that benefit both our customers and the environment.”
The term loan facility provides GreenPower with the financial flexibility needed to navigate its expansion phase. This includes investing in advanced manufacturing technologies, enhancing its supply chain, and supporting its ongoing research and development efforts to introduce even more innovative electric vehicle models. The company’s dedication to producing high-quality, reliable, and environmentally friendly transportation options has resonated strongly with municipalities, school districts, and commercial fleet operators across North America.
GreenPower’s product portfolio, which includes the popular EV350, EV450, and EV550 transit buses, as well as the purpose-built all-electric school bus, the BEAST™, and the new all-electric cargo van, the TRANSIT-E™, positions the company to capitalize on the global shift towards electrification in the transportation industry. The company’s focus on delivering vehicles that offer both environmental benefits and significant operating cost savings continues to drive its commercial success.
This latest funding round is a testament to GreenPower’s sound business strategy, its experienced management team, and the clear market opportunity for its advanced electric vehicle technologies. As the demand for cleaner transportation solutions intensifies, GreenPower is well-positioned to meet these needs and contribute to a more sustainable future.
GreenPower Closes Fifth Tranche of Term Loan Offering
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