GreenPower Motor Company secures big win in California

The wins keep rolling in for Vancouver-based GreenPower Motor Company (Greenpower Motor Company Stock Quote, Chart, News: TSXV:GPV).

This morning, GreenPower announced that its customer, the City of Porterville, had been awarded $9.5-million by the California Air Resources Board (CARB) to deploy 10 GreenPower Motor Company Inc. EV350 40-foot zero-emission all-electric transit buses on all of its nine Porterville Transit routes, and to install the charging infrastructure, which will include 11 charging stations.

“We look forward to working with GreenPower in replacing our aging active fleet to 100 per cent electric buses that produce zero emissions,” said Richard Tree, the transit manager for Porterville Transit. “Substantial grants like this one are driving the entire industry forward, and making all electric the new norm in public transportation, while playing a significant role in accomplishing our mission to improve the environment in our community and the valley.”

It’s been a busy 2016 for GreenPower. In June, the company received Letters of Intent for 25 GreenPower all-electric school buses from nine different school districts in the State of California. That followed on the February sale of its EV250 all-electric bus to Twin Transit Agency, a public transportation provider in the State of Washington.

“We are excited to be working with the City of Porterville on a system-wide deployment of our all-electric transit buses and charging infrastructure,” said GreenPower chairman Fraser Atkinson. “The Porterville project will serve as a model for other operators in the San Joaquin Valley Air Pollution Control District and across North America who are seeking to deploy not just a zero-emission vehicle, but a zero-emission solution.”

At press time, shares of GreenPower Motor Company were up 2.7 per cent to $0.75.

Disclosure: GreenPower Motor Company is an annual sponsor of Cantech Letter.