Electrovaya Receives Additional US$6,3 Million Order for Fortune 100 Customer
This purchase order is a follow on from other orders received during the fiscal year from the same end customer with a cumulative total over $16 million
Further demands for additional sites expected later in the year
TORONTO, ON / ACCESS Newswire / June 3, 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$6.3 million. The batteries will be used by a leading Fortune 100 e-commerce company in the United States for powering material handling electric vehicles in multiple distribution centers. This order followed recently announced orders from the same end customer that were placed during the current fiscal year for a cumulative demand of over $16 million. Additional orders are also under consideration.
Dr. Jeremy Dang, VP of Business Development at Electrovaya, said:
We are happy to report this repeat order with a globally-recognized corporation,
“With these new orders, this end user will have over 2500 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.”
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Electrovaya Receives Additional US$6,3 Million Order for Fortune 100 Customer, source
