Alternative Fuels

GreenPower Plans to List Shares on NASDAQ

Nicole Schlosser
Posted on April 10, 2019
By uplisting to NASDAQ, GreenPower expects to gain new exposure and access to a larger base of retail and institutional investors in the U.S. and internationally. Shown here is GreenPower's Synapse 72 electric school bus.
By uplisting to NASDAQ, GreenPower expects to gain new exposure and access to a larger base of retail and institutional investors in the U.S. and internationally. Shown here is GreenPower's Synapse 72 electric school bus.

VANCOUVER, British Columbia — Electric bus manufacturer GreenPower Motor Co. Inc. announced last week that it filed an application to list its common shares on the NASDAQ Capital Market (NASDAQ).

By uplisting to NASDAQ, GreenPower, the manufacturer of the Synapse 72 electric school bus, stated in a news release that it believes that it will gain new exposure and access to a larger base of retail and institutional investors in the U.S. and internationally.  

The listing of the electric bus manufacturer’s common shares on NASDAQ remains subject to the approval of that exchange and the satisfaction of all applicable listing requirements. GreenPower added that it will provide updates on its progress as it moves toward this goal.

“We’re very excited to be taking steps to be the first [electric vehicle] designer, manufacturer, and distributor of a suite of heavy duty all-electric buses to trade on NASDAQ,” said Fraser Atkinson, chairman of GreenPower. “Becoming listed on NASDAQ will support the company’s aggressive growth plans, extend our sales channels for our products, expand the company’s access to capital, provide liquidity to shareholders, and broaden the exposure of the company to the investment community.”

As SBF previously reported, GreenPower entered into an exclusive agreement with Creative Bus Sales in May 2018, and soon after, received an order for a total of 100 electric buses, the largest to date for the bus manufacturer.

Related Topics: alternative fuels, Canada, electric bus, GreenPower Motor Co.

Nicole Schlosser Executive Editor
Comments ( 0 )
More Stories
The Propane Education and Research Council’s Volkswagen Trust Resource Center provides information about propane school buses and includes a state-by-state map with details on how to apply for Volkswagen settlement funds. File photo courtesy IC Bus
News

Propane Council Launches VW Funds Resource Center

The Propane Education and Research Council’s Volkswagen Trust Resource Center provides information on propane school buses and includes a state-by-state map with details on how to apply for Volkswagen settlement funds.

Duke Energy is proposing a $76 million initiative to spur electric vehicle adoption across North Carolina. Shown here is a Blue Bird Type D Electric School Bus.
News

Duke Energy Proposes $76M Program for Electric Vehicles

The electric power holding company's proposal to the North Carolina Utilities Commission would help fund the adoption of electric school buses and electric public transportation, and would lead to almost 2,500 new charging stations across the state.

Maintenance for propane school buses includes consistent oil and filter changes, and fueling at routine service intervals. Photo by Erwin Harrison
Article

Embracing Best Practices for Propane Maintenance

A growing demand for propane buses in recent years has sparked an influx of training programs for maintenance technicians. Here, industry experts share top tips and best practices for maintaining propane school buses.

Be the First to Know

Get the latest news and most popular articles from SBF delivered straight to your inbox. Stay on top of the school bus industry and don't miss a thing!