Electrovaya receives purchase orders of US$10.6 million

Electrovaya Inc. – a lithium-ion battery manufacturer with differentiated intellectual property that allows heightened safety and improved longevity – has  recently received further  purchase orders valued at about US$10.6 million. The Company received a blanket purchase order from its OEM sales partner valued at more than US$9.4 million, and other purchase orders worth approximately US$1.2 million.

The blanket purchase order will be replaced by detailed purchase orders specifying the battery models and delivery sites. It represents a firm commitment for deliveries by the end of September 2022.  It is anticipated that a major portion of the blanket purchase orders will be for a leading Fortune 100 company to power Materials Handling Electric Vehicles in distribution centers in the US.

Electrovaya Inc. is a pioneering leader in the global energy transformation, focused on contributing to the prevention of climate change and decarbonization by supplying the safest and longest-lasting lithium-ion batteries. Electrovaya, a technology-focused company with extensive IP, designs, develops, and manufactures proprietary lithium-ion batteries, battery systems, and battery-related products for energy storage, clean electric transportation, and other specialized applications

Previous articleJapan, new company christened ‘Gachaco’ for battery swapping service for the new electric motorcycles
Next articleGreen Battery Minerals confirms discovery of a new graphite body by drilling on Berkwood Graphite Project Drill Program