GreenPower Motor Company Secures $5 Million Financing from CIBC

Reuters01-14

GreenPower Motor Company Secures $5 Million Financing from CIBC

GreenPower Motor Company Inc., a manufacturer of all-electric, zero-emission medium and heavy-duty vehicles, has closed a new financing agreement with CIBC for US$5 million. The facilities include a US$3 million revolving line of credit and a US$2 million term loan with a three-year term. As part of the agreement, two company directors have provided personal guarantees for the loans, receiving share purchase warrants and common shares as incentives. Proceeds from the financing will be used to repay an existing operating line of credit and for general corporate purposes. All securities issued to the guarantors are subject to a statutory hold period of four months plus one day.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. GreenPower Motor Company Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: LA63151) on January 14, 2026, and is solely responsible for the information contained therein.

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