- Electrovaya ( OTCQB:EFLVF ) has announced the receipt of a battery purchase order through its OEM sales channel valued at ~$11M .
- It is the single largest purchase order for MHEV batteries in Electrovaya's history.
- The batteries will be used by a leading Fortune 100 company to power Materials Handling Electric Vehicles in four existing distribution centers in the U.S.
- The majority of deliveries under the order will be completed in the Co.'s fiscal fourth quarter ending September 30, 2022.
- Since Jan. 1, 2022, Electrovaya has received more than US$40 million in firm assigned MHEV battery orders, not including blanket purchase orders.
For further details see:
Electrovaya receives $11M battery order for Materials Handling EVs