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Energy
Electrovaya Inc. (TSX: ELVA) Receives $7.3M in Purchase Orders for Lithium-Ion Batteries
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Highlights
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.
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