on Electrovaya, Inc. (NASDAQ:ELVA)
Electrovaya Secures $10.5 Million Order from Fortune 500 Company
Electrovaya Inc., a prominent lithium-ion battery manufacturer, has announced the acquisition of new purchase orders totaling $10.5 million. The orders come from a U.S.-based Fortune 500 company and pertain to Electrovaya's Infinity battery systems designed for material handling electric vehicles.
Dr. Jeremy Dang, Vice President of Business Development at Electrovaya, expressed satisfaction with the strategic customer's order. He noted that these battery systems aid in transitioning to safer and more durable energy solutions in logistics. Future orders are anticipated as the client progresses with its electrification efforts.
The Infinity batteries are notable for their robust design, offering exceptional safety and performance for industrial electric vehicle fleets.
R. E.
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