01:15:03 EDT Fri 09 May 2025
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Greenpower Motor Company Inc (2)
Symbol GPV
Shares Issued 24,954,376
Close 2023-11-28 C$ 3.65
Market Cap C$ 91,083,472
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Greenpower adds McCandless as dealer in Colo., Nev.

2023-11-28 10:17 ET - News Release

Mr. Claus Tritt reports

GREENPOWER NAMES MCCANDLESS TRUCK CENTER AS A COMMERCIAL DEALER IN COLORADO AND NEVADA

Greenpower Motor Company Inc. has appointed McCandless Truck Center as its commercial dealer serving the greater Denver metropolitan and Las Vegas metropolitan areas.

"Greenpower is pleased to welcome McCandless Truck Center to our network of commercial EV [electric vehicle] truck dealers," said Claus Tritt, Greenpower's vice-president of medium-duty and commercial vehicle sales. "Through McCandless, Greenpower is well positioned to meet the needs of fleet owners in the Rocky Mountains and Southwest looking to convert their fleets to battery electric. We have a well-established inventory of EV Star Cab and Chassis and are prepared to upfit those vehicles through Lion Truck Body in order to deliver a product to the customer within 60 to 90 days rather than six to nine months that customers face elsewhere."

McCandless will sell the Greenpower line of EV Star commercial products through its location in Aurora, Colo., and North Las Vegas, Nev. "In addition to its sales locations, McCandless enhances the service and parts network for our commercial vehicles," Mr. Tritt continued, noting that McCandless has service and parts centers in Colorado Springs, Grand Junction, Henderson and Pueblo, Colo., and Cheyenne, Wyo.

"McCandless prides itself on being a five-decade-old, family-owned, customer-centric operation," added Scott McCandless, managing member of the McCandless Truck Center team. "We provide a one-stop shop experience for our customers for all their sales, leasing, service, body shop and parts needs. Greenpower also provides that same approach, allowing the customer to work with one vendor, one point of contact, one place for sales and aftermarket service. When we partner with someone, we want to partner with a proven provider that we can trust to meet our customer needs. Greenpower is that partner in the all-electric, purpose-built commercial space."

McCandless can offer the full line of EV Star commercial vehicle products, including the EV Star Cab and Chassis, EV Star Passenger Van, EV Star Mobility Plus, EV Star Cargo Van and Refrigerated Cargo Van, EV Star Cargo Plus and Refrigerated Box Truck, EV Star Stakebed Truck, and a wide array of EV Star specialty products.

"As we reach the end of the tax year, all of these vehicles are eligible for the $40,000 tax credit under the federal Inflation Reduction Act," Mr. Tritt added. "Greenpower's team can assist any fleet operator or owner navigate the process to receive the most in credits, grants and tax credits available."

About Greenpower Motor Company Inc.

Greenpower designs, builds and distributes a full suite of high-floor and low-floor all-electric medium-duty and heavy-duty vehicles, including transit buses, school buses, shuttles, cargo vans, 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 (original equipment manufacturing) 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. Listed on the TSX Venture Exchange since November, 2015, Greenpower completed its U.S. IPO (initial public offering) and Nasdaq Stock Market listing in August, 2020.

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