on Electrovaya, Inc. (NASDAQ:ELVA)
Electrovaya Secures $3.5 Million Battery Order from Fortune 100 Client
Electrovaya Inc., a prominent player in lithium-ion battery technology, has announced a significant order worth approximately US$3.5 million from a major Fortune 100 e-commerce company. This order involves the immediate delivery of batteries to be used in material handling electric vehicles across warehouse operations in the United States and Australia.
This repeat order underscores the client's confidence in Electrovaya's products. The e-commerce company, operating over 30 warehouse locations, is currently the largest global user of Electrovaya’s batteries. Dr. Jeremy Dang, Vice President of Business Development, highlighted the order as evidence of Electrovaya’s reliability and safety in battery solutions.
R. P.
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