GREENPOWER MOTOR Co INC.GP
What GREENPOWER MOTOR Co INC. does.
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 and West Virginia. Listed on the TSX Venture exchange from November 2015 to November 2025, GreenPower completed its U.S. IPO and NASDAQ listing in August 2020.
We currently sell and lease our vehicles to customers directly and through a network of dealers in different regions of the United States, and directly to customers in Canada. GreenPower's all-electric zero-emission vehicles are eligible for various funding programs, vouchers and incentives, including:
GreenPower's Type-D BEAST, TYPE D Mega BEAST and Nano-BEAST Type A School Bus are marketed under the trade name Battery Electric Automotive School Transportation, or the BEAST. These vehicles feature a clean sheet build that was designed from the ground-up around its electric drive and battery systems. The body and chassis are integrated together to form the composite monocoque structure which provides the benefits of increased strength and a significant weight advantage in comparison to other school buses. Additionally, the design is not limited to the inner frame rails like conventional "body on chassis" school buses which allows for the maximization of interior space.
Revenue and profit, by fiscal year.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|
| Revenue | $6.1M | $14.4M | $13.3M | $17.2M | $39.7M | $39.3M |
| Net income | -$4.5M | -$5.1M | -$7.8M | -$15.0M | -$15.0M | -$18.3M |
| Free cash flow | -$6.0M | -$5.3M | -$16.7M | -$20.9M | -$15.1M | -$1.5M |
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Figures from GREENPOWER MOTOR Co INC.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.