GreenPower Revenue $26 million, First Half of Fiscal 2024

November 14, 2023

GreenPower reported record revenues of $26.0 million for the first half of the 2024 fiscal year, an increase of 125% over the revenue of $11.6 million for the first half of the previous fiscal year. The Company delivered 162 vehicles in the first half of the fiscal year consisting of EV Star Cab and Chassis, EV Star Cargoes, EV Star Passenger Vans, speciality EV Star products, BEAST Type D school buses and Nano BEAST Type A school buses. We delivered a record number of school buses, grew our order book and expanded our geographic reach for our all-electric, purpose-built school buses,” said Fraser Atkinson, GreenPower Chairman and CEO. “The school bus team has been working with our dealers to ensure compliance with differing state school bus specifications and helping them to understand the funding sources available,” Atkinson continued. Cash increased by $1.4 million to $2 million from $0.6 million at the beginning of the fiscal year.

The source of this news is from GreenPower Motor Company