GreenPower Motor Company Inc. announced that BMO Bank of Montreal has increased the credit limit on GreenPower's operating demand loan by USD 3.0 million to a total of USD 8.0 million. The operating demand loan bears interest at BMO Bank of Montreal's US base rate plus 1.5% on the outstanding balance and is secured by the assets of GreenPower and one of its subsidiaries. Two directors of the Company previously provided personal guarantees each in the amount of USD 2.5 million, or USD 5 million in aggregate. The USD 3 million increase to the operating demand loan is subject to monthly margining of GreenPower's accounts receivable and finished goods inventory. The credit facility will be primarily used to finance production costs for GreenPower's all-electric buses and fund ongoing working capital requirements.