Electrovaya Secures US$4.2 Million Battery Order from Cold Storage Operator

Electrovaya Inc., a leader in lithium-ion battery technology, has announced a new purchase order worth US$4.2 million. This order, procured through the Company's OEM sales channel, comes from a rapidly growing cold storage logistics operator in the United States. The order marks a continuation of an established relationship, with the operator having purchased over $13 million in batteries to date.

The batteries ordered will power material handling electric vehicles across six existing facilities. Dr. Jeremy Dang, Electrovaya's VP of Business Development, expressed enthusiasm about the repeat order, highlighting the customer's appreciation for advanced technology solutions. The logistics operator plans to integrate additional batteries into both current and future construction sites, indicating ongoing trust in Electrovaya's battery solutions.