Electrovaya Receives Additional US$4,2 Million Battery Order for Existing Cold Storage Operator
Repeat order represents over $13 million in purchases by this end user with further plans to add incremental batteries to their existing facilities as well as batteries for new construction sites
March 4, 2025 (Newswire.com) – TORONTO, ON / ACCESS NewswireElectrovaya Inc. (“Electrovaya” or the “Company”) (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, today announced it has received a purchase order through its OEM sales channel valued at approximately US$4.2 million. The batteries will be used by a rapidly growing cold storage third party logistics operator in the United States for powering material handling electric vehicles. The end user currently operates six facilities with Electrovaya’s Infinity Battery Technology.
Dr. Jeremy Dang, Vice President of Business Development at Electrovaya, said:
We are delighted to share news of a repeat order with this end user,
“This customer values leading edge technology solutions and has been one of the largest users of our batteries since 2023. We expect continued plans to provide power solutions to existing and new facilities.”
READ the latest Batteries News shaping the battery market
Electrovaya Receives Additional US$4,2 Million Battery Order for Existing Cold Storage Operator, source
