DealsOct 9, 2026, 02:01 PM
GreenPower Motor Signs LOI with Invisible Urban Charging for EV Buses
AI Summary
GreenPower Motor Company Inc. has entered into a Letter of Intent (LOI) with Invisible Urban Charging, Inc. (IUC) to jointly develop integrated electric-fleet solutions. This collaboration aims to combine GreenPower's electric vehicle platforms with IUC's charging infrastructure, software, operations, and capital solutions. IUC has secured over US$2.5 billion for its electric mobility program. The LOI outlines the evaluation of various GreenPower vehicle platforms, fleet optimization, local assembly, and potential financing models, including fleet-as-a-service.
Key Highlights
- GreenPower Motor Company Inc. and Invisible Urban Charging, Inc. (IUC) signed a Letter of Intent (LOI) to develop integrated electric-fleet solutions.
- The LOI covers evaluation of GreenPower's EV Star Cab & Chassis, electric buses, shuttles, and other commercial vehicles.
- IUC has secured over US$2.5 billion for its electric mobility program.
- The agreement includes assessing fleet telematics, route and energy optimization, local assembly, and lifecycle support.
- Potential project-level financing, leasing, and fleet-as-a-service models will be evaluated.
Price Impact
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