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Electrovaya Receives Additional US$7.3 Million Order for Fortune 100 Customer
This purchase order is a follow on from a November 2024 $3.5 million order Further demands f...
About this update from Electrovaya Inc.
[{"type":"text","content":"Electrovaya Receives Additional US$7.3 Million Order for Fortune 100 Customer This purchase order is a follow on from a November 2024 $3.5 million orderFurther demands for additional sites expected later in the year TORONTO, ON / ACCESS Newswire / March 27, 2025 / Electrovaya Inc. (\"Electrovaya\" or the \"Company\") (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, today announced it has received purchase orders through its OEM sales channel valued at approximately US$7.3 million. The batteries will be used by a leading Fortune 100 e-commerce company in the United States and Canada for powering material handling electric vehicles in multiple distribution centers. This order followed a recent $3.5 million order from the same end customer that was placed in November 2024. Additional sites are under consideration for this calendar year. \"We are happy to report this repeat order with a globally-recognized tech giant company,\" said Dr. Jeremy Dang, Vice President of Business Development at Electrovaya. \"With these new orders, this end user will have over 2000 Infinity batteries deployed in more than 40 different distribution centers across three countries on two continents. Electrovaya is thrilled to be a part of the customer's mission in adopting clean, safe, and long-lasting energy solutions.\"Investor and Media Contact:Jason RoyVP, Corporate Development and Investor RelationsElectrovaya Inc.905-855-4618 / [email protected] Electrovaya Inc.Electrovaya Inc. (NASDAQ:ELVA)(TSX:ELVA) is a pioneering leader in the global energy transformation, focused on contributing to the prevention of climate change by supplying safe and long-lasting lithium-ion batteries. The Company has extensive IP and designs, develops and manufactures proprietary lithium-ion batteries and battery systems for energy storage and heavy duty electric vehicles based on its Infinity Battery Technology Platform. This technology offers enhanced safety and industry leading battery longevity. The Company is also developing next generation solid state battery technology at its Labs division. Headquartered in Ontario, Canada, Electrovaya has two operating sites in Canada and has acquired a 52-acre site with a 135,000 square foot manufacturing facility in New York state for its planned gigafactory. To learn more about El...