11:09 AM EDT, 09/29/2025 (MT Newswires) -- GreenPower (NASDAQ: GP and GPV.V), a manufacturer and distributor of all-electric, purpose-built, zero-emission medium and heavy-duty vehicles, announced Monday the launch of the New Mexico All-Electric, Purpose-Built, Zero-Emission School Bus Pilot Project with deployments of the Type A Nano BEAST at the Las Vegas City Schools and West Las Vegas Schools and the Type A Nano BEAST Access at the Monte del Sol Charter School in Santa Fe.

The two-year pilot project will deploy three GreenPower Type A all-electric, purpose-built, zero-emission school buses in the first school year (2025-26), and two GreenPower Type D all-electric, purpose-built, zero-emission BEAST school buses and one Mega BEAST school bus in the second school year (2026-27). The school buses will rotate around the state for five pilot rounds each school year, with each round lasting six weeks.

GreenPower said it will install charging systems through its Pilot Project partnership with Highland Electric Fleets, provide training for drivers, mechanics, and the community's first responders, and track telematics through a partnership with Geotab.

The company entered into an MOU with the State of New Mexico to assess the viability and reliability of fast charging in various environments and circumstances.

According to the MOU, after two successful pilot phases, EDD will support an additional US$15 million for more school buses.

The company said that the school districts' participation in the pilot is voluntary, and that the state has agreed to support the program with $5 million in capital outlay appropriation to purchase the vehicles and cover the cost of the pilot project.

"By focusing the first year of the project on the Type A Nano BEAST, the state and school districts will have a unique opportunity to see how the all-electric vehicle performs in differing conditions with different sets of charging infrastructure," said GreenPower's president Brendan Riley.

The company's shares were last seen up 2.9% to $4.5 on the TSX Venture Exchange.

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