GreenPower Motor : Investor Presentation (February 2021)

February 2021

DISCLAIMER & FORWARD LOOKING STATEMENTS

Forward-looking statements included in this presentation include, but are not limited to, statements with respect to: GreenPower is a leading designer, manufacturer and distributor of battery-electric zero-emission vehicles; that GreenPower is currently leveraging strong demand for its EV Star platform; that GreenPower's vehicles can be charged almost anywhere using standard charging equipment; that GreenPower's purpose-built all-electric vehicles offer superior performance, reliability and durability compared to a retro-fit all-electric bus; that GreenPower's customers will increase their order size after units perform in real-world duty cycles; that the range of the B.E.A.S.T. electric school bus is up to 150 miles on a single charge; that the B.E.A.S.T. offers more seating capacity, standard features, is safer than the competition; having a diverse group of certified contract manufacturing partners hedges against exposure to potential supply chain disruptions; the belief that flexible factory infrastructure allows for shifting final assembly to Buy America complete assembly or a blend of both simultaneously; that regional pop-up assembly plants throughout the USA will enhance margins through lower shipping costs; the new market opportunity with Micro Transit will enable GreenPower to sell substantial volumes of EV Stars; the belief that Altoona Certification and Buy America compliance create a major competitive advantage for Green Power; the belief that money and mandates are driving EV adoption; the belief that demand for electric vehicles will continue to grow rapidly; the belief that the industry is rapidly approaching the crossover to self-sustainability; the belief that public transport will become more nimble and lower their carbon footprint by transitioning to smaller electric vehicles all while driving down their operational costs; the general business strategy and milestones of the Company; availability of additional funds to execute the business plan; and other factors. Some of the risks and other factors which could cause results to differ materially from those expressed in the forward-looking statements contained in the presentation include, but are not limited to: general economic conditions in Canada, the United States, China and globally; transportation industry conditions; demand for the Company's products; potential delays or changes in plans with respect to the deployment of services or capital expenditures; the possibility that there are increases in the quarterly cash expenses of the company, changes in gross profit margin or sales of the company's electric vehicles; potential for changes in government laws, tariffs or policies; availability of sufficient financial resources to pay for the production, development and other costs of the Company's products and services; ability to locate satisfactory industry partners; the continued funding and availability of grants, subsidies, and vouchers for electric vehicles and electric vehicle infrastructure in Green Power's target markets; the ability of the GreenPower to meet its production volume goals within the expected time frame and expected costs as a result of the Covid-19 global pandemic; continued demand for GreenPower's products within its target markets due to impacts from the Covid-19 global pandemic; competition for, among other things, capital and skilled personnel; changes in economic and market conditions that could lead to reduced spending on green energy initiatives; competition in our target markets; potential capital needs; management of future growth and expansion; the development, implementation, and execution of the Company's strategic vision; risk of third-party claims of infringement; legal and/or regulatory risks relating to the Company's business and strategic acquisitions; protection of proprietary information; the success of the Company's brand development efforts; risks associated with strategic alliances; reliance on distribution channels; product concentration; our ability to hire and retain qualified employees and key management personnel, and other factors.

ABOUT GREENPOWER

GreenPower is a leading designer, manufacturer, and distributor of battery-electric zero emissions vehicles covering the local cargo and delivery market, transit, shuttle, and school sectors.

GreenPower is currently leveraging strong demand for its flagship model, the EV Star Platform.

GreenPower completed and delivered a total of 68 buses, including 62 EV Stars, 4 battery electric school buses, and 2 EV 350's generating $13.5 million of revenue with gross profit of $4 million or 30% of sales in the most recent year ended March 31, 2020.

KEY HIGHLIGHTS

• ● Broad-based line of purpose-built electric vehicles with a track record of deliveries on a consistent basis.

• ● According to Bloomberg NEF 1,600 Battery Electric medium and heavy duty commercial vehicles are expected to be sold in the United States in 2020 growing to over 50,000 in 2025, 227,000 in 2030 and 912,000 in 2040. For Battery Electric buses they see this growing from 2,037 in 2020 to over 25,000 in 2030 and 76,000 in 2040.

• ● Rapid revenue progression and significant pipeline growth with existing production capacity to satisfy near term demand.

• ● Diversified early customer adoption with over 140 deliveries and 200 orders including Universities, Airports, transit authorities, van pooling, that have purchased multiple units.

• ● Management team with prior experience at BYD, Thor Trucks, CCW and others with proven track record to successfully develop and commercially deploy new lines of EV's.

• ● Flagship product EV Star is the first in its class to be Altoona tested and certified and Buy America Act Compliant - which provides access to highly lucrative federal incentives.