GreenPower Motor Company

What GreenPower Motor Company does

GreenPower Motor Company Inc. (NASDAQ: GP) is a Vancouver-headquartered, purpose-built electric vehicle manufacturer for the medium- and heavy-duty commercial market, founded in 2010. The company designs clean-sheet, battery-electric school buses (BEAST, Mega BEAST, Nano BEAST, Nano BEAST Access), commercial goods vehicles (EV Star Cab & Chassis, Cargo, Stakebed, Utility, REEFERX refrigerated), commercial passenger vehicles (EV Star Passenger Van, Mobility Plus, AV Star autonomous), and transit buses (EV250, EV350, EV500/EV550), serving school districts, transit authorities, airports, municipalities, universities, healthcare systems, and commercial fleet operators primarily in the United States and Canada.

The company's core technical platform is the proprietary EV Star Class 4 Cab & Chassis — described as the nation's first purpose-built, battery-electric Class 4 cab and chassis — which serves as the foundation for multiple vehicle variants and supports up to 7,000 lbs of payload and up to 150 miles of range. GreenPower differentiates with the BEAST's monocoque truss chassis (the only such design in the school bus market), the Mega BEAST's 387 kWh battery with Vehicle-to-Grid capability and up to 300-mile range, and SAE J1772 standard charging across the lineup. The company has recorded the highest Altoona Bus Testing score on record (92.2) for its EV Star Passenger Van and meets Buy America and FTA compliance requirements.

GreenPower generates revenue primarily through direct hardware sales to enterprise and government customers, supplemented by leasing options and a 14+ state authorized dealer network. Manufacturing is conducted at facilities in Porterville, CA and South Charleston, WV, with a new 135,000 sq. ft. facility under development in Santa Teresa, NM (Q1 2026 operations) supported by $14.6M in state incentives. Revenue is heavily levered to government incentive programs (EPA Clean School Bus, California HVIP, NJ ZIP, NY TVIP) and state ZEV mandates. Q3 FY2026 revenue was $8.5M with $4.2M net income, against a record $50M+ backlog of school bus orders.

Name

GreenPower Motor Company

Legal name

GreenPower Motor Company Inc.

Website

https://greenpowermotor.com/

Company type

Public

Founded year

2007

Operating status

Operating

Headcount range

51–100 employees

Short description

GreenPower Motor Company (NASDAQ: GP) designs and manufactures purpose-built, all-electric medium- and heavy-duty commercial vehicles — school buses, transit buses, and cargo/passenger vans — for school districts, transit authorities, and commercial fleet operators in North America.

Ownership category

akta.pro rank

Product category

Electric Commercial Vehicles (Medium and Heavy-Duty)

NAICS

Motor Vehicle Manufacturing (3361)

SIC

Truck & Bus Bodies (3713)

akta.pro primary industry

Electric Bus (Battery-Electric) Manufacturing (IMACADAE)

akta.pro secondary industries

Class 4–6 Medium-Duty Truck Manufacturing (IMACABAB), EV Platform/Skateboard & Chassis Integration Manufacturing (IMACACAI)

Keywords

• Electric school buses
• Battery electric vehicles
• Commercial electric trucks
• Zero emission transit
• Medium duty EV chassis

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices6 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Electric Vehicle Sales: Primary revenue stream from sale of all-electric school buses (BEAST, Mega BEAST, Nano BEAST), commercial vehicles (EV Star cargo, passenger, refrigerated variants), and transit buses (EV250, EV350, EV550). Revenue in Q2 FY2025 was $5.3 million with 78% year-over-year increase.
2. Leasing Options: GreenPower offers competitive leasing options for fleet customers to assist with choosing fleets. The company works with customers to provide leasing solutions as an alternative to outright purchase.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels6 records

Core offering

GreenPower Motor Company designs, manufactures, and sells purpose-built all-electric medium and heavy-duty vehicles for commercial markets. Its product portfolio spans Type A and Type D all-electric school buses (BEAST family), Class 4 commercial vehicles built on a proprietary cab-and-chassis platform (EV Star family in cargo, refrigerated, utility, and passenger configurations), and 30-45 foot battery-electric transit buses (EV250, EV350, EV500/EV550). Vehicles are sold to school districts, transit authorities, commercial fleet operators, airports, and government agencies, with revenue primarily generated through direct sales, dealer distribution, and government procurement programs.

Differentiator

Problem solved

Functional benefit

Brands

• BEAST: All-electric Type D school bus with monocoque truss chassis, up to 150 miles range, seating for up to 90 students
• Mega BEAST
• Nano BEAST
• Nano BEAST Access
• EV Star
• EV Star Cab & Chassis
• AV Star
• EV250
• EV350
• EV500 & EV550

Products and services

• BEAST (Type D All-Electric School Bus) Type D all-electric school bus with monocoque truss chassis technology (only monocoque truss chassis in school bus market), 194 kWh battery, up to 150 miles range, and seating for up to 90 students. Eligible for EPA Clean School Bus rebate up to $375,000 and California HVIP incentive of $198,000-$375,000. Sold to school districts and education transportation authorities.
• Mega BEAST (Type D All-Electric School Bus)

Quantifiable outcome

• 78% year-over-year revenue increase to $5.3 million in Q2 FY2025
• +4 more outcomes

Named customers12 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Five partnerships are on record, tiered minor and core.

• Davidson & Company LLPminorOthers · 3 March 2026Appointed as new auditor effective March 3, 2026, replacing BDO Canada LLP. Change approved by Audit Committee and Board of Directors.
• Transportation Commodities Inc. (TCI)coreChannel Partner/ Reseller/ Distributor · 11 December 2024TCI is a repeat customer that has been operating four GreenPower electric vehicles since 2021 without interruption or downtime. Ordered 10 additional EV Star Cab & Chassis vehicles with GP Truck Body upfitting services including Stakebed Truck and ReeferX refrigerated body.
• GP Truck BodyminorChannel Partner/ Reseller/ Distributor · 11 December 2024Contracted to provide upfitting services for TCI vehicles, including Stakebed Truck body and ReeferX refrigerated body for EV Star Cab & Chassis platform.
• Perrone RoboticscoreTechnology or IntegrationCollaboration to develop the AV Star, the nation's first zero-emissions, Buy America, ADA compliant fully autonomous vehicle. AV Star uses the same highly rated chassis as the EV Star and is deployed at Jacksonville Transportation Authority for paratransit services.
• First TransitcoreStrategic or Co-development PartnerPartnership with Perrone Robotics and GreenPower to introduce the AV Star autonomous paratransit van at Jacksonville Transportation Authority.

Scale indicators14 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Lion Electric: Canadian manufacturer of all-electric medium and heavy-duty vehicles including LionC school buses and LionM trucks. Directly competes with GreenPower in the Class 4-8 electric school bus and commercial vehicle market with purpose-built EV platforms and a North American manufacturing footprint.
• Blue Bird Corporation: Leading North American school bus manufacturer (Type A, C, D) with a growing lineup of electric and propane-powered buses. Competes head-to-head with GreenPower's BEAST and Nano BEAST in school district procurements, leveraging decades of dealer network relationships.
• BYD Motors: Global EV and battery manufacturer with extensive electric bus and truck lineup sold in North America, including Type D school buses and Class 4-8 commercial vehicles. Several GreenPower executives (President, VP Production, VP Program Management) are BYD alumni, and BYD is one of the company's largest competitive threats.
• IC Bus (Navistar): Navistar's school and commercial bus brand offering Type A, C, and D buses including the IC Electric CE Series. Directly competes with GreenPower in the electric school bus segment with established dealer footprint and Navistar's parent company (TRATON) financial backing.
• Thomas Built Buses (Daimler Truck): Subsidiary of Daimler Truck producing Type A, C, and D school buses with Saf-T-Liner models including electric variants (Jouley). A scaled competitor in the electric school bus procurement market, leveraging Daimler's R&D and dealer network.
• NFI Group (New Flyer): Leading North American transit bus manufacturer (New Flyer Xcelsior CHARGE, MCI D45 CRT LE) competing directly with GreenPower's EV250, EV350, and EV550 transit buses. Significantly larger scale, established relationships with major transit authorities, and competing in zero-emission bus procurements.
• Lightning eMotors: Specializes in electric conversions and purpose-built medium-duty commercial vehicles including Class 4 cargo vans and transit vehicles. Competes with GreenPower's EV Star platform in the commercial fleet electrification market.
• Workhorse Group: Manufacturer of electric delivery vehicles (W4 CC, W750) targeting last-mile delivery and commercial fleet customers. Competes in similar commercial EV segments and is a known customer of GreenPower's ecosystem, illustrating the competitive overlap.

Emerging players

• Volta Trucks: European electric commercial vehicle manufacturer (Volta Zero) pursuing US market entry. Focuses on Class 7 urban delivery trucks with overlapping target market of commercial fleet electrification customers.
• Proterra (Phoenix Motor): Acquired by Phoenix Motor Company following Proterra's 2023 bankruptcy; produces electric transit buses and medium-duty commercial vehicles. Offers overlapping electric school bus and commercial vehicle solutions with similar target customers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/greenpowerbus
• YouTubeyoutube.com/channel/UCDyKSyDM0RKi6Dg_64B_xnQ
• Facebookfacebook.com/greenpowermotorco
• LinkedInlinkedin.com/company/greenpowerbus
• Instagraminstagram.com/greenpowermotor

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries2 records

Funding overview

Funding rounds13 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about GreenPower Motor Company