Mr. Claus Tritt reports

GREENPOWER APPOINTS MONARCH TRUCK CENTER AS DEALER IN THE CALIFORNIA BAY AREA

Greenpower Motor Company Inc. has appointed Monarch Truck Center, a premier medium-duty truck dealer in the California Bay area, as its commercial dealer serving the St. Clara, San Jose and Union City, Calif., markets.

"Greenpower is excited to welcome Monarch Truck Center to our network of commercial EV truck dealers. They are a current customer of Greenpower's wholly owned subsidiary, Lion Truck Body, making this new dealer relationship a natural," said Claus Tritt, Greenpower's vice-president of medium-duty and commercial vehicle sales. "Monarch's customer centric approach fits well with Greenpower's one-stop shop philosophy for sales, upfitting, delivery and service. They have a vested interest in their customer's business and value the overall customer experience whether the customer is purchasing a vehicle, renting, leasing or in need of service. The customer's satisfaction is Monarch's first priority."

Monarch this week placed an order for four all-electric, zero-emission Greenpower EV Star Cargo Plus commercial vehicles which will immediately be available for sale to its customers. With a standard 836 cubic feet of cargo capacity, the purpose-built Greenpower EV Star Cargo Plus exceeds delivery needs with improved payload to range ratios. The box truck has an optimal battery placement which provides for a lower centre of gravity resulting in maximum cargo capacity of up to 5,000 pounds and a range of up to 150 miles.

"We are proud to offer our customers the best vehicles available in the marketplace," said Nicole Guetersloh, president of Monarch. "Adding the Greenpower EV Star lineup of purpose-built, Class 4 trucks to our inventory gives us an opportunity to sell a proven all-electric vehicle to our customers who are looking to reduce their carbon footprint with zero-emission transportation."

Monarch is currently an authorized dealer for Isuzu, Hino and REE (EV) trucks, and is the undisputed Bay Area leader in new and used medium-duty truck sales and leasing. With years of experience in building various truck applications for its own rental/lease fleet, Monarch has learned how to design a truck that will fit the needs of businesses in a variety of different industries and stand up to the harsh world of day-to-day use. Being in the rental/leasing business since 1976, Monarch's knowledgeable staff provides expert advice about the ins and outs of all truck body applications. With a 250-plus rental/lease fleet of box vans, flatbeds, dumps and refrigeration trucks, Monarch knows what it takes to maintain a vehicle and keep it running smoothly. Their factory trained technicians, truck repairs, parts-service department and body shop service help company's medium-duty trucks stay on the road and operate at peak performance well past the warranty date.

Guetersloh noted that Monarch has now been listed as an approved California HVIP dealership for Greenpower all-electric, purpose-built commercial vehicles. A HVIP-approved dealer is responsible for requesting vouchers on behalf of customers at the point of purchase. HVIP accelerates commercialization of zero-emission vehicles by making them more affordable through the voucher program. "With an enhanced HVIP voucher, small fleet operators have the ability to work with Monarch to purchase a brand new Greenpower all-electric vehicle for less than $25,000 before taxes, and that is before any realized federal tax credit benefit from the federal incentives program," Mr. Tritt concluded.

About Greenpower Motor Company Inc.

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 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 manufacturer) 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 Toronto exchange since November, 2015, Greenpower completed its U.S. IPO (initial public offering) and Nasdaq listing in August, 2020.

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