Electrovaya Inc. announced on March 4, 2025, that it received a purchase order valued at approximately US$4.2 million through its OEM sales channel. The order is for batteries to be used by a rapidly growing cold storage third-party logistics operator in the United States.
This repeat order brings the total purchases by this specific end user to over $13 million. The customer also has further plans to add incremental batteries to their existing facilities and for new construction sites.
The continued demand from this operator highlights the effectiveness of Electrovaya's batteries in demanding cold storage environments. This ongoing business relationship underscores the company's ability to secure recurring revenue from key industrial customers.
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