Electrovaya Inc. announced on November 12, 2024, that it received a purchase order valued at approximately US$3.5 million for immediate delivery of its batteries. This order came through one of its OEM sales channels and is designated for a leading Fortune 100 e-commerce company.
The batteries will be utilized to power material handling electric vehicles within the customer's warehouse operations across the United States and Australia. This Fortune 100 company is identified as Electrovaya's largest global end user, currently operating vehicles powered by Electrovaya batteries in over 30 warehouse locations.
This significant follow-on order underscores the continued demand for Electrovaya's battery technology in mission-critical material handling applications. It also highlights the company's strong relationship with a major e-commerce player, indicating ongoing business traction in its core market.
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