GreenPower Announces LOI with Invisible Urban Charging for Deploying EV Buses at Scale
Key Highlights
- ➤IUC secured more than US$2.5 billion for its electric mobility program
- ➤GreenPower and IUC signed an LOI to develop integrated electric-fleet solutions
- ➤EV Star Cab & Chassis anchors potential electric-bus deployments and fleet offerings
- ➤Partnership may evaluate local assembly, financing, leasing and charging-as-a-service
- ➤LOI remains subject to diligence, approvals, certifications and definitive agreements
Expert Statements
Fraser Atkinson, CEO of GreenPower Motor Company
“This LOI creates a practical framework for GreenPower and IUC to evaluate how purpose-built electric vehicle platforms, charging infrastructure, software and capital solutions can be integrated for fleet customers in qualified markets. The LOI also sets out the framework where GreenPower would use bodybuilders in international markets to build locally all-electric shuttle buses utilizing GreenPower's EV Star Cab Chassis. We look forward to working with IUC to assess vehicle configurations, localization pathways and customer-ready solutions.”
Jake Bezzant, CEO of Invisible Urban Charging
“As our clients increasingly ask for us to cover more of the EV ecosystem, including fleet transition, teaming with GreenPower Motors gives us a partner that can deliver high-quality vehicles and support our own effort to deliver a best-in-class offering for charging, service, vehicles, batteries, and anything else that our clients need.”
Vancouver, British Columbia--(Newsfile Corp. - October 9, 2026) - GreenPower Motor Company Inc. (NASDAQ: GP) ("GreenPower"), 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 and school bus sector, today announced they have entered into a Letter of Intent (LOI) with Invisible Urban Charging, Inc. ("IUC") to establish a framework to evaluate and jointly develop integrated electric-fleet solutions that combine GreenPower's electric vehicle platforms with IUC's charging infrastructure, software, operations and capital-solutions capabilities. IUC has secured in excess of US$2.5 billion to further the development of its electric mobility program.
The EV Star Cab & Chassis is the foundation of an LOI entered into today between GreenPower and IUC to jointly develop integrated electric-fleet solutions.
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