Electrovaya (ELVA) received purchase orders through its OEM sales channel valued at approximately $6.3M. The batteries will be used by a leading Fortune 100 e-commerce company in the United States for powering material handling electric vehicles in multiple distribution centers. This order followed recently announced orders from the same end customer that were placed during the current fiscal year for a cumulative demand of over $16M. Additional orders are also under consideration.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ELVA:
- Electrovaya Announces Investor Webcast to Discuss Strategic Insights
- Electrovaya Inc. Reports Strong Q2 2025 Earnings
- Electrovaya Reports Strong Q2 2025 Financial Results
- Electrovaya Achieves Strong Q2 2025 Results with 40% Revenue Growth
- Electrovaya Begins Battery System Manufacturing in Jamestown, NY