Electric Commercial Vehicles Manufacturer GreenPower Motor Files for $35 Million US IPO
GreenPower Motor Co Inc, an electric commercial vehicle manufacturer, has filed Form F-1 Registration Statement on August 19, 2020 with U.S Securities and Exchange Commission to raise up to $35 million IPO. Pricing terms are yet to announce.
The company offers high-floor and low-floor vehicles, including transit buses, school buses, shuttles, and a double-decker. They manufacture all-electric buses that are purpose-built to be battery powered with zero emissions and a reduction in carbon footprint.
The Vancouver, Canada-based company was founded in 2007 and booked $14 million in revenue for the 12 months ended March 31, 2020. It plans to list on the Nasdaq Capital Market under the symbol “GP.” B. Riley FBR and Roth Capital are underwriters of the IPO.
The company engages Clark Wilson LLP as US Securities Counsel, and Crowe MacKay LLP as Independent Auditor.
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