Electrovaya (ELVA) has received a purchase order valued at approximately $8.7M. The batteries will be used by a Fortune 500 retailer in the United States for powering material handling electric vehicles in three existing warehouse sites. This order followed a recent $4.1M order from the same end customer for two distribution centers that was placed in December 2024. Additional sites are also being planned for conversion on top of these new orders.
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