GP - GreenPower Motor subsidiary announces joint venture with Jupiter Wagon Group

GreenPower Motor (NASDAQ:GP) said that through its wholly owned subsidiary EA Green-Power it has entered into a joint venture with the Jupiter Wagon Group to bring GreenPower all-electric vehicles to the Indian market. Jupiter is a premier manufacturer of railway wagons, passenger coaches, wagon components and castings in India and owns manufacturing facilities across India. GreenPower's EV Star Cab and Chassis Right Hand Drive is a purpose-built multi-utility zero-emissions vehicle with a standard battery pack of 62.5 kWh providing a payload of 4,095 kilograms with a range of 150 kilometers. "Both GreenPower and Jupiter believe that this zero-emission, battery electric platform is exactly what is needed for India to both provide a clean air solution and a cost-effective way to move people and goods. This collaboration leverages the proven EV prowess of GreenPower and the manufacturing and distribution strength of JWL," said Brendan Riley, GreenPower President. Shares are up 5.25% after-hours.

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GreenPower Motor subsidiary announces joint venture with Jupiter Wagon Group