Lithium-ion battery manufacturer Electrovaya has received a purchase order valued at approximately $3.5 million for the immediate delivery of its batteries to one of its OEM sales channels. The customer is a Fortune 100 e-commerce company, and will use the batteries to power EVs that handle goods in their warehouse operations.
Ontario-based Electrovaya makes batteries and battery components. It operates in Canada and New York.
“We are pleased to announce this order to once again supply this leading Fortune 100 e-commerce customer with our batteries,” said Dr. Jeremy Dang, Vice President of Business Development at Electrovaya. “This customer has been the most active of our batteries to date with over 30 battery distribution centers. It is a testament to our commitment to providing reliable, safe and long-lasting battery solutions.”
Also this week, Electrovaya received a direct loan of $50.8 million from the Export-Import Bank of the United States to finance the construction of a battery manufacturing facility in Jamestown, New York.
Source: Electrovaya