GreenPower Motor

General Information
Business:

(Note: Not an IPO. This is a Canadian electric bus manufacturer’s step-up listing in the U.S. to the NASDAQ. Our common shares are listed on the TSX Venture Exchange in Canada under the symbol “GPV” and quoted on the OTC Markets Group’s OTCQB under the symbol “GPVRF.”)

From the prospectus: Although this is our initial public offering of our common shares in the United States, our common shares are listed on the TSX Venture Exchange in Canada under the symbol “GPV” and quoted on the OTC Markets Group’s OTCQB under the symbol “GPVRF.”  The last reported sale price of our common shares on the TSX Venture Exchange on August 18, 2020 was CDN$1.28 or $0.9719  (based on the rate of exchange on that day). The last reported sale price of our common shares on the OTCQB on August 18, 2020 was $0.9779. We have applied for listing of our common shares on the Nasdaq Capital Market under the symbol “GP.” No assurance can be given that our application will be approved.

We design, build and distribute a full suite of high-floor and low-floor vehicles, including transit buses, school buses, shuttle buses, a double decker bus and cargo van. We employ a clean-sheet design to manufacture all-electric buses that are purpose built to be battery powered with zero emissions. We integrate global suppliers for key components, such as Siemens or TM4 for the drive motors, Knorr for the brakes, ZF for the axles and Parker or I/O Controls for the dash and control systems. This original equipment manufacturer platform allows us to meet the specifications of various operators while providing standard parts for ease of maintenance and accessibility for warranty requirements.

We are an original equipment manufacturer of Class 4-8 commercial, heavy-duty bus chassis for products ranging from a 25-foot Min-eBus to a 45-foot double decker bus. We utilize various contract manufacturers in Malaysia, Taiwan, Hong Kong and China for all of the major components with final assembly in Porterville, California.

Industry: Electric Vehicles
Employees: 48
Founded: 2010
Contact Information
Address #240 - 209 Carrall Street Vancouver, British Columbia V6B 2J2, Canada.
Phone Number (604) 563-4144
Web Address https://www.greenpowerbus.com
View Prospectus: GreenPower Motor
Financial Information
Market Cap $371.7mil
Revenues $13.5 mil (last 12 months)
Net Income $-5.2 mil (last 12 months)
IPO Profile
Symbol GP
Exchange NASDAQ
Shares (millions): 1.9
Price range $20.00 - $20.00
Est. $ Volume $38.0 mil
Manager / Joint Managers B.Riley FBR/ Roth Capital Partners
CO-Managers ThinkEquity/ Maxim Group/ PI Financial Corp.
Expected To Trade: 8/28/2020
Status:
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
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