Mr. Fraser Atkinson reports

CALIFORNIA ISEF INCENTIVE PROGRAM REOPENS ON OCTOBER 21ST GREENPOWER'S EV STARS ARE ELIGIBLE FOR UP TO $130,000 OF INCENTIVES

Greenpower Motor Company Inc.'s EV Star line of products are eligible for up to $130,000 in incentives under the innovative small e-fleet set-aside within the clean truck and bus voucher incentive project. The ISEF program reopens on Oct. 21 with $30.5-million in available incentives.

Greenpower has a full lineup of Class 4 commercial all-electric, purpose-built, zero-emission eligible vehicles including the EV Star passenger van, the EV Star mobility plus, the EV Star Reefer X, the EV Star cab and chassis, the EV Star stakebed truck, and the EV Star utility truck, among other options.

Small business vouchers of $130,000 are available for Greenpower's Class 4 EV Star models, covering up to 90 per cent of new vehicle costs (excluding taxes) for small fleet operators. With ISEF, small fleet operators (20 or fewer vehicles and under $15-million in annual revenue) can access enhanced vouchers for zero-emission vehicle rentals, leases, truck-sharing and other flexible agreements.

"Greenpower has a full lineup of commercial all-electric, purpose-built, zero-emission vehicles to meet the customers needs. Passenger options are available, now including the EV Star passenger van and EV Star mobility plus, both with multiple seating configurations and ADA configurations," said Nahui Olin, Greenpower vice-president of business development and commercial operations. "Greenpower's commercial cargo, goods and refrigerated lineup, built upon its proprietary EV Star cab and chassis, are also available for immediate delivery. A variety of upfits are available, including box trucks, refrigerated units, utility and stake bed trucks, or other vehicles to meet any customer's need. Greenpower is happy to work with customers and their upfitters to create a vehicle to meet their needs."

HVIP/ISEF funds are claimed fast. For customers that want up to 90 per cent of the cost of up to five new commercial zero-emission vehicles covered, they need to be ready when ISEF reopens on Oct. 21 as funding will be available on a first-come, first-served basis.

"Contact me right away to get the small fleet required information checklist and start preparing so your voucher requests may be submitted as soon as financing is added. Don't wait. These funds won't last," Mr. Olin concluded.

In addition, Greenpower today provided a quarterly update with respect to the company's at-the-market equity offering program implemented on March 7, 2025, pursuant to a sales agreement with Roth Capital Partners LLC. For the three months ended Sept. 30, 2025, Greenpower issued a total of 77,202 common shares through the facilities of Nasdaq stock exchange at an average share price of $4.63 (U.S.) per share for gross proceeds of $357,132 (U.S.), as adjusted for Greenpower's one-for-10 share consolidation that was effective Sept. 8, 2025. Pursuant to the sales agreement, a cash commission of $10,714 (U.S.) was paid to the agent resulting in net proceeds of $346,418 (U.S.).

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 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 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. initial public offering and Nasdaq listing in August, 2020.

We seek Safe Harbor.