GreenPower Motor Secures US$10 Million Financing and New Credit Facilities to Support EV Production
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GreenPower Motor ( (GP) ) has shared an update.
On January 8, 2026, GreenPower Motor Company announced a recapitalization package totaling US$10 million in new financing and up to US$2.95 million in standby letter of credit facilities, aimed at strengthening liquidity and supporting production of its all‑electric vehicles. The company has received credit approval from CIBC for US$5 million in facilities, comprising a US$3 million revolving line of credit and a US$2 million three‑year term loan, along with approval for a US$450,000 cash‑collateralized letter of credit and a potential US$2.5 million letter of credit facility pending sign‑off from another financial institution. GreenPower also closed US$5 million in term loans from two related-party family offices, issuing 3,205,128 non‑transferable warrants and 641,025 common shares as loan bonuses, with all such securities subject to a four‑month-plus-one‑day hold period under applicable securities laws. A portion of the proceeds will be used to retire the company’s existing operating line of credit and the balance for general corporate purposes, with management positioning the package as a key step in recapitalizing the balance sheet and enabling GreenPower to accelerate production to fulfill existing customer orders, thereby potentially improving its operational flexibility and competitive footing in the zero‑emission commercial vehicle market.
The most recent analyst rating on (GP) stock is a Sell with a $2.50 price target. To see the full list of analyst forecasts on GreenPower Motor stock, see the GP Stock Forecast page.
More about GreenPower Motor
GreenPower Motor Company Inc., based in Vancouver and listed on Nasdaq under the ticker GP, is a manufacturer and distributor of all‑electric, purpose‑built, zero‑emission medium- and heavy-duty vehicles. Its product lineup includes high-floor and low-floor transit buses, school buses, shuttles, cargo vans and cab-and-chassis platforms, designed using a clean-sheet, battery-electric OEM approach for operators in the cargo and delivery, shuttle and transit, and school bus markets.
Average Trading Volume: 87,845
Technical Sentiment Signal: Sell
Current Market Cap: $2.34M
See more insights into GP stock on TipRanks’ Stock Analysis page.
