GreenPower Boosts All-Electric School Bus Production with Up to $18 Million Financing to Address Record Backlog
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 14 2025
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Should l Buy GP?
Source: Newsfilter
Financing Facility Announcement: GreenPower Motor Company has secured a financing facility of up to $18 million to support the accelerated production of its all-electric school buses, enabling efficient cash conversion and matching capital deployment with production timing.
Production and Revenue Growth: The company has pre-built over 130 chassis, which positions it for improved gross margins and a pathway to positive operating cash flow, with over $50 million in contracted orders for its Nano BEAST and BEAST school buses.
Market Positioning: GreenPower is the only fully electric OEM manufacturing both Class 4 Type A and Class 8 Type D school buses, strategically positioned to capture market share as the school transportation sector transitions to zero-emission fleets.
Forward-Looking Statements: The announcement includes forward-looking statements regarding GreenPower's operational plans and potential risks, emphasizing that actual results may differ from projections due to various uncertainties.
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About GP
GreenPower Motor Company Inc. is a Canada-based company, which 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. It 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 (OEM) platform allows the Company to meet the specifications of various operators while providing standard parts for ease of maintenance and accessibility for warranty requirements. The Company has its primary operational facilities in southern California. Its products include EV Star Cab & Chassis; EV Star Cab & Chassis Right Hand Drive; EV Star Cargo; EV Star Cargo Plus; EV Star Stakebed Truck; EV Star Passenger Van; EV Star Mobility Plus; AV Star; EV250; EV350; Type D BEAST; Mega BEAST, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Capital Restructuring Progress: The company secured two term loans totaling $5 million and established a new banking relationship with CIBC, paying off existing credit lines, indicating proactive financial management and stability.
- Electric School Bus Project Advancement: GreenPower made significant strides in its state-sponsored zero-emission school bus pilot project in New Mexico, aimed at addressing the specific needs of urban and rural schools, showcasing its strategic positioning in the education market.
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See More
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- Effective Cost Control: The company's sales, general, and administrative expenses were reduced to $2.4 million in Q3, down from $5.2 million in the previous year, indicating substantial progress in optimizing operations and reducing costs.
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- Personal Guarantee Incentives: Two directors provided personal guarantees for the financing up to $5 million and received 2,016,129 warrants and 403,225 shares as incentives, further strengthening the company's governance structure.
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- Transparent Compliance Transactions: The issuance of warrants and shares is classified as a related party transaction, exempt from formal valuation and minority approval requirements under MI 61-101, ensuring compliance and transparency during the financing process.
See More
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- Foreign Trade Zone Benefits: The designation of Santa Teresa as a Foreign Trade Zone allows GreenPower to streamline customs procedures and reduce import/export costs, thereby enhancing operational efficiency and strengthening market competitiveness.
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See More
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- Revenue Increase: The company achieved revenue of $8.5 million in Q3, an 18.1% year-over-year increase, primarily driven by sales of vehicles, parts, leases, and deferred income, demonstrating rising market demand.
- Gross Margin Performance: The gross profit margin on vehicle sales was approximately 28%, which not only highlights the profitability of its products but also indicates effective cost control and pricing strategies.
- Optimistic Market Outlook: With the rapid growth of the electric vehicle market, GreenPower Motor's financial performance provides a solid foundation for future expansion and investment, suggesting that the company's competitiveness in the industry will further strengthen.
See More
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- Strong Financial Performance: GreenPower reported $8.5 million in revenue and $4.2 million in net income for FY 2025, demonstrating its adaptability and growth potential despite significant challenges in the EV sector by transitioning to a customer order-driven production model.
- Capital Restructuring Progress: The company secured two term loans totaling $5 million and established a new banking relationship with CIBC, paying off existing credit lines, indicating proactive financial management and stability.
- Electric School Bus Project Advancement: GreenPower made significant strides in its state-sponsored zero-emission school bus pilot project in New Mexico, aimed at addressing the specific needs of urban and rural schools, showcasing its strategic positioning in the education market.
- Production Capacity Enhancement: By restructuring manufacturing processes and managing inventory effectively, GreenPower not only improved production efficiency but also laid the groundwork for future order growth, further solidifying its competitive position in the electric vehicle market.
See More
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- Strong Financial Performance: GreenPower reported $8.5 million in revenue and $4.2 million in net income for Q4 FY 2025, marking a significant increase from $7.2 million in the same quarter last year, demonstrating the company's resilience and growth potential in the EV market.
- Effective Cost Control: The company's sales, general, and administrative expenses were reduced to $2.4 million in Q3, down from $5.2 million in the previous year, indicating substantial progress in optimizing operations and reducing costs.
- New Mexico Project Advancement: GreenPower's zero-emission school bus pilot project in New Mexico received over $5 million in state funding, aimed at addressing charging infrastructure challenges in urban and rural settings, further solidifying its leadership in the electric school bus market.
- Successful Capital Restructuring: The company raised $1.12 million through the issuance of convertible preferred shares and secured $5 million in loans, successfully restructuring its capital to provide funding for future production and expansion, enhancing financial stability.
See More
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- Personal Guarantee Incentives: Two directors provided personal guarantees for the financing up to $5 million and received 2,016,129 warrants and 403,225 shares as incentives, further strengthening the company's governance structure.
- Clear Use of Funds: A portion of the net proceeds from the financing was used to repay the existing operating line of credit, while the remainder will be allocated for general corporate purposes, ensuring the company's ongoing operations and growth in the electric vehicle market.
- Transparent Compliance Transactions: The issuance of warrants and shares is classified as a related party transaction, exempt from formal valuation and minority approval requirements under MI 61-101, ensuring compliance and transparency during the financing process.
See More
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- Labor Market Stability: According to the Bureau of Labor Statistics, nonfarm payrolls increased by 50,000 in December 2025, remaining largely unchanged from November's downwardly revised gain of 56,000, although slightly below the expected 60,000, indicating resilience in the labor market and easing concerns about rising unemployment.
- Unemployment Rate Decline: The unemployment rate fell from a revised 4.5% in November to 4.4%, landing below expectations of 4.5%, suggesting improvements in the labor market that could support consumer confidence and spending.
- Wage Growth Acceleration: Average hourly earnings rose by 0.3% month-over-month, accelerating from November's 0.2% increase and matching forecasts, which may drive consumer spending and bolster economic growth.
- Housing Market Slowdown: Housing starts declined by 4.6% from the previous month to an annualized rate of 1.246 million units, while building permits fell by 0.2% to an annualized rate of 1.412 million, indicating a slowdown in the real estate market that could impact the overall pace of economic recovery.
See More
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- Manufacturing Investment: GreenPower Motor Company has announced a $14.6 million investment to establish a manufacturing facility in New Mexico, which is expected to create 340 permanent jobs, significantly boosting local economic development and enhancing electric vehicle manufacturing capabilities.
- Policy Support: The financial incentives provided by New Mexico include $5 million from the Local Economic Development Act and $4.6 million in job training incentives, aimed at promoting the production and distribution of zero-emission vehicles in alignment with state environmental goals.
- Foreign Trade Zone Benefits: The designation of Santa Teresa as a Foreign Trade Zone allows GreenPower to streamline customs procedures and reduce import/export costs, thereby enhancing operational efficiency and strengthening market competitiveness.
- EV Ecosystem Contribution: The new facility will support New Mexico's electric vehicle ecosystem, aiding the state government in achieving its goal of a zero-emission fleet by 2035, thus promoting sustainable transportation development.
See More
