Electrovaya Inc. announced on March 6, 2025, that it received orders from a second global construction OEM. These orders were placed through its partnership with Sumitomo Corporation Power & Mobility (SCPM), a subsidiary of Sumitomo Corporation.
The orders are for high-voltage battery systems, which will be used by a major Japanese headquartered construction equipment manufacturer for a vehicle project. This expands Electrovaya's presence in the heavy-duty equipment market.
This development signifies Electrovaya's successful diversification beyond its core material handling business into the construction and earthmoving equipment sector. The collaboration with Sumitomo Corporation continues to open doors to new international OEM customers.
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