GreenPower Joins Forces With Jupiter Wagon Group To Bring Select EVs To Indian Market

GreenPower Motor Company Inc GP subsidiary EA Green-Power Pvt Ltd has entered into a joint venture with the Jupiter Wagon Group to bring select GreenPower all-electric vehicles to the Indian market. The financial terms were not disclosed.
Jupiter manufactures railway wagons, passenger coaches, wagon components, and castings in India.
GreenPower's EV Star Cab and Chassis Right Hand Drive (EV Star CC RHD) 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, the 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," said Brendan Riley, GreenPower President.
Price Action: GP shares closed higher by 0.25% at $4.00 on Monday.