NEW MEXICO ECONOMIC
DEVELOPMENT DEPARTMENT

EDD and GreenPower Motor sign agreement for zero-emission pilot program and bus service facility

SANTA FE, N.M. — The State of New Mexico and GreenPower Motor Company (NASDAQ: GP) entered into a Memorandum of Understanding (“MOU”) for an all-electric, purpose-built school bus pilot project to be conducted in New Mexico in school districts across the state. The MOU provides that the state will seek an appropriation of $5 million to conduct the pilot program.

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