Electrovaya (ELVA) has received purchase orders through its OEM sales channel valued at approximately $7.3M. The batteries will be used by a leading Fortune 100 e-commerce company in the United States and Canada for powering material handling electric vehicles in multiple distribution centers. This order followed a recent $3.5M order from the same end customer that was placed in November 2024. Additional sites are under consideration for this calendar year.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ELVA:
- Electrovaya Secures $50.8 Million Loan for U.S. Battery Manufacturing Expansion
- Electrovaya Secures $20M Credit Facility to Boost Growth and Cut Costs
- Electrovaya wins orders from construction equipment OEM
- Electrovaya Secures Additional $4.2 Million Battery Order from US Cold Storage Operator
- Electrovaya receives $4.2M battery order for exising cold storage operator
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue