#None #GreenPower Motor Company #EV Star Utility Truck #BEAST School Buses

GreenPower Motor Company Announces Year-End Fiscal 2025 Results

On July 30, 2025, GreenPower Motor Company Inc., a renowned manufacturer and distributor of all-electric, purpose-built, zero-emission vehicles, released its results for the fiscal year ending March 31, 2025. The company, listed on Nasdaq (GP) and TSX Venture (GPV), has made significant strides amidst shifting political landscapes and evolving federal electric vehicle (EV) policies.

A Transformative Year

Fraser Atkinson, CEO of GreenPower, highlighted that fiscal year 2025 marked a pivotal transformation for the company. He stated, “As federal incentives for electric vehicles began to evolve, GreenPower not only continued to manufacture and deliver high-quality electric school buses and commercial vehicles, but we also streamlined our production processes to adapt effectively to these changes.” This proactive approach aimed to ensure GreenPower remains competitive and responsive to market demands.

In a strategic move, GreenPower consolidated its California operations from multiple locations into a single facility in Riverside. President Brendan Riley explained this decision was crucial for enhancing operational efficiency, saying, "By integrating our operations into one location, we have reduced costs and improved productivity. This greater concentration of our resources enhances our potential for managed growth."

Manufacturing and Innovation Highlights

Throughout the fiscal year, GreenPower’s West Virginia facility continued its operations, successfully producing the first BEAST Type D school buses for local orders. Moreover, the company benefited from a Round 2 grant through the EPA’s Clean School Bus Program (CSBP), which supports clean vehicle initiatives among school districts.

In addition to manufacturing Type D BEASTs, GreenPower also delivered Type A Nano BEASTs and commercial vehicles, such as EV Star Cargo. The company's innovative spirit didn’t wane, as they introduced two new all-electric Class 4 commercial vehicles this year:

1. EV Star Utility Truck: Designed for everyday utility, this truck comes with several optional power sources for convenience. Its full pass-through capacity enables efficient transport of large tools and supplies, allowing for customized configurations.

2. EV Star REEFERX: This refrigerated delivery truck is specifically engineered for temperature-sensitive goods like fresh produce and pharmaceuticals. With a focus on payload efficiency and sanitation, the REEFERX is set to cater to mid to last-mile delivery needs.

Financial Performance

GreenPower experienced a remarkable year-end, generating revenues of $19.8 million. The company delivered a total of 84 vehicles during this span, a mix of electric school buses and commercial vehicles.

Some impressive financial metrics for the year included:

• - Working Capital: $8.1 million at year-end.
• - Inventory: $25.6 million, subdivided into finished goods, work-in-process, and parts.
• - Deferred Revenue: Estimated at $10.1 million.
• - Successful Offerings: The company completed a significant equity offering of 3 million shares in October 2024, raising $3 million.

These figures highlight GreenPower’s robust positioning in the growing electric vehicle market, responding effectively to consumer demands and operational challenges.

Upcoming Webinar

To discuss the fiscal results in detail, GreenPower has scheduled a webinar for August 4, 2025, at 4:15 PM EST/1:15 PM PST. This session will delve into the financial specifics and future outlook for the company. Interested participants are encouraged to register in advance on GreenPower's website.

About GreenPower

Founded in Vancouver, Canada, GreenPower specializes in designing, building, and distributing a wide range of all-electric vehicles. With a strong emphasis on sustainability, the company’s mission revolves around creating vehicles that not only meet rigorous safety standards but also contribute to reducing carbon emissions in urban environments. Over its operational history, GreenPower has positioned itself as a leader in the zero-emission vehicle space, with facilities spanning across California and West Virginia.

For further updates and details on GreenPower's initiatives and offerings, visit their official website at www.greenpowermotor.com.