GreenPower Ramps Up Production Of All-Electric School Bus Lineup, Supported By Financing Facility Of Up To $18M, Deployable In Tranches Of Up To $2M
Benzinga Newsdesk 11 months ago
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Financing facility supports conversion of more than $50 million in contracted school bus orders, with over 130 chassis already produced to accelerate revenue recognition and improve working-capital efficiency.Early
- Financing facility supports conversion of more than $50 million in contracted school bus orders, with over 130 chassis already produced to accelerate revenue recognition and improve working-capital efficiency.
- Early production work positions GreenPower for improved gross margins and a pathway to positive operating cash flow.
LOS ANGELES, Nov. 14, 2025 /PRNewswire/ -- GreenPower Motor Company Inc. (NASDAQ:GP) ("GreenPower" or the "Company") today announced accelerated production of its all-electric school bus lineup, supported by a financing facility of up to $18 million, deployable in tranches of up to $2 million. The facility is designed to optimize cash conversion cycles, enabling GreenPower to match capital deployment with production timing as the Company scales output.