GreenPower Motor (GPV.V), a manufacturer and distributor of purpose-built, all-electric, zero-emission medium and heavy-duty vehicles, late on Friday reported a 35% quarter-over-quarter increase in revenues to $7.2 million in its 2025 fiscal third quarter.
Gross profit for the three months ended Dec. 31 rose to 14.6% of revenue, up from 8.6% in the previous quarter.
During the quarter, GreenPower delivered 13 BEAST Type D all-electric school buses, one Nano BEAST Type A school bus, one EV Star Cargo Plus and 13 EV Star passenger vans, the company said.
As of the end of the fiscal third quarter, GreenPower had inventory of $28.2 million, consisting of $10.8 million of finished goods, $13.1 million of work-in-process and $4.3 million of parts and components.
The company spent the quarter continuing to increase its output from the West Virginia manufacturing facility. It is now set to deliver one BEAST per week from the South Charleston facility, with production increasing to two per week by April plus Nano BEAST production. GreenPower appointed James Redd as West Virginia production manager. He will work alongside Vice President of Production Wendell White.
On the West Coast, GreenPower finalized plans to expand its California manufacturing footprint in one facility in the Inland Empire, consolidating operations from three separate locations and five different facilities across the state.
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