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Highlights

  • Electrovaya secures $7.3 million in new orders for lithium-ion batteries.
  • Orders to be used in material handling vehicles across distribution centers in North America.
  • Over 2000 Infinity batteries to be deployed at more than 40 sites globally.

Electrovaya Inc. (TSX: ELVA), a manufacturer of lithium-ion battery technology, has received a purchase order valued at approximately $7.3 million. This order, placed through the company’s OEM sales channel, will see the batteries used in material handling electric vehicles. These vehicles will operate across multiple distribution centers in the United States and Canada, supporting the logistics of a prominent Fortune 100 e-commerce company.

The current order follows a previous $3.5 million order from the same customer in November 2024, highlighting the ongoing demand for Electrovaya's products. As a result of these purchases, over 2,000 Infinity batteries will be deployed in more than 40 distribution centers worldwide, spanning across three countries and two continents.

The purchase order demonstrates Electrovaya’s ability to meet the needs of large-scale clients, specifically those in the e-commerce sector, by providing efficient and sustainable energy solutions. While the company did not disclose further details about the specific distribution centers or the exact timeline for the deployment, it’s clear that Electrovaya is playing a key role in the integration of clean energy technology into industrial applications.

Electrovaya's batteries are known for their long-lasting power and safety, features that make them suitable for use in material handling vehicles. This order aligns with the company’s mission of providing innovative energy solutions, and additional sites are currently under consideration for deployment later in the year.