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GreenPower Secures $10M Financing and $2.95M Credit Facilities to Support Production
GreenPower secured $10 million from CIBC and family offices to repay debt and speed up production of zero-emission electric vehicles, supporting existing customer orders.
- GreenPower, a designer and manufacturer of electric vehicles, secured $10 million in financing and $2.95 million in credit facilities.
- The funds will be used to repay an existing line of credit, support production, and fulfill customer orders.
- GreenPower issued warrants and shares to two family offices considered related parties in exchange for loans.
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36 Articles
The Berkshire Eagle+33 Reposted by 33 other sources
GreenPower Announces US$10 Million Financing and US$2.95 Million in Standby Letter of Credit Facilities
VANCOUVER, BC, Jan. 8, 2026 /PRNewswire/ -- GreenPower Motor Company Inc. (Nasdaq: GP) ("GreenPower" or the "Company"), a leading manufacturer and distributor of all-electric, purpose-built, zero-emission medium and heavy-duty vehicles serving the cargo and delivery market, shuttle and transit space…
Coverage Details
Total News Sources36
Leaning Left5Leaning Right3Center8Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 31%
C 50%
R 19%
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