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Electrovaya Receives US$3.05 million Battery Order for Materials Handling Electric Vehicles

Electrovaya Receives US$3.05 million Battery Order for Materials Handling Electric Vehicles

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TORONTO, ON / ACCESSWIRE / January 12, 2022 / Electrovaya Inc. (TSX:EFL)(OTCQB:EFLVF), a lithium-ion battery manufacturer with differentiated intellectual property that allows heightened safety and improved longevity enabling industry-leading performance, today announced the receipt of a battery purchase order through its OEM sales channel valued at about US$3.05 million. The batteries will be used by a leading Fortune 100 company to power Materials Handling Electric Vehicles (“MHEVs”) in a new distribution centre in the United States.

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