GreenPower Motor Company (GPV) investor relations material

Company overview and business model

• Designs, manufactures, and distributes all-electric medium and heavy-duty vehicles, including transit and school buses, shuttles, cargo vans, and cab/chassis, with a focus on zero-emission, battery-powered platforms.

• Operates as an OEM, integrating global suppliers for key components and final assembly in North America, serving both U.S. and Canadian markets.

• Vehicles are eligible for multiple government funding and incentive programs in the U.S. and Canada, supporting adoption by fleet operators.

Financial performance and metrics

• Fiscal year ended March 31, 2025: revenue $19.8M, gross profit $2.2M, net loss $(18.7)M, accumulated deficit $(100.9)M.

• Revenue declined significantly from $39.3M in FY2024 and $39.7M in FY2023, with increasing losses over the same period.

• As of December 31, 2025: cash $676K, working capital $5.8M, total assets $30.8M, total liabilities $33.9M, shareholders’ deficit $(3.2)M.

• For the nine months ended December 31, 2025: revenue $12.5M, net loss $(3.5)M.

Use of proceeds and capital allocation

• Will not receive proceeds from the sale of common shares by the selling shareholder; proceeds go to the selling shareholder.

• Company will pay offering expenses, while the selling shareholder covers broker commissions and legal counsel fees.