# Lion Truck Body: GreenPower Motor Purchases

- Link: https://greenlivingguy.com/2022/07/lion-truck-body-greenpower-motor-purchases/
- Published: 2022-07-21T20:30:00-04:00
- Author: greenlivingguy

**Los Angeles, California July 8, 2022** – GreenPower Motor Company Inc. today announces
the acquisition of Lion Truck Body. Thereby leveraging upon Lion Truck Body’s years
of expertise. For the deal will also provide the robust potential for GreenPower’s
EV Star truck customers.

Headquartered more interestingly in Torrance, California. Yet, more noteworthy is
the Lion Truck Body designs. In addition and also the installs a range of resilient
[state-of-the-art truck bodies](https://greenlivingguy.com/2023/08/lightning-emotors-commercial-vehicles-with-ev-technology/).
That’s for industries such as goods movement, and construction. Moreover catering
and landscaping. Finally utility and also the service sectors. Moreover, Lion Truck
Body offers a complete line of truck bodies. That includes dry-freight aluminum,
refrigerated box, aluminum beds, stake beds, flatbeds, and also service bodies. 
In its most recently completed fiscal year, Lion Truck Body generated revenue of
approximately $3.5 million.

![Lion truck body greenpower](https://i0.wp.com/greenlivingguy.com/wp-content/uploads/
2022/07/prod-EV-star-cargo.png?resize=565%2C376&quality=50&ssl=1)

Photo courtesy of GreenPower Motor

## New Truck Bodies Go a Long Way with Lion Truck Body Purchase

“Our customers seek energy-efficient solutions that maximize cargo capacity and 
delivery range. Lion Truck Body’s expertise in bodybuilding with our [EV Star](https://greenlivingguy.com/2022/07/canada-customers-can-now-receive-funding-for-13-greenpower-medium-to-heavy-duty-evs/)
CC addresses these requirements directly,” said [Brendan Riley, President of GreenPower](https://greenpowermotor.com/team/brendan-riley/).“
This acquisition provides our [EV Star](https://greenpowermotor.com/gp-products/ev-star-cc/)
truck customers with many options for any number of body types required to meet 
their business needs with greater speed to market. That’s now completed in a few
weeks versus taking months. We have been working with Lion Truck Body for some time
to make lightweight and efficient truck bodies for our [EV Star.](https://greenlivingguy.com/2022/07/canada-customers-can-now-receive-funding-for-13-greenpower-medium-to-heavy-duty-evs/)
That’s as well as other models of electric trucks. We are pleased to add the Lion
Truck Body franchise into our [business](https://greenlivingguy.com/2016/03/tips-for-greening-your-business-this-earth-day/).”

GreenPower and Lion Truck Body entered into an asset purchase agreement. That’s 
under which Greenpower has [purchased the assets](https://greenlivingguy.com/2022/06/greenpower-motor-partners-with-jupiter-group-to-bring-select-all-electric-vehicles-to-the-indian-market/)
of the business through a wholly owned subsidiary. Moreover, GreenPower’s purchase
of Lion Truck Body is comprised of upfront cash payments totaling $215,000. The 
assumption of certain liabilities totaling approximately $1.45 million. And remaining
cash payments of up to $25,000, which remain subject to customary adjustments and
other post-closing conditions.

For additional information regarding Lion Truck Body’s state-of-the-art bodies, 
please visit the [company’s Instagram](https://www.instagram.com/liontruckbody/)
at @liontruckbody.

[Click here for the Original Publication](https://greenpowermotor.com/greenpower-acquires-lion-truck-body/).