Electrovaya announces new Purchase Orders worth US$1.25M for Lithium Ion Battery Systems
Electrovaya Inc. today announced three new purchase orders totaling US$1.25 million (~C$1.67 million) for its Elivate line of Material Handling Electric Vehicle (MHEV) battery systems. This includes a repeat order for a Fortune 100 customer, at a site located outside North America, and another repeat order through a forklift OEM dealer in the United States. Electrovaya sells batteries through two channels: direct sales, and sales through OEM distribution.
The new orders provide Electrovaya with a total of more than US$4 million (C$5.4 million) of open orders for its MHEV, Autonomous Guided Vehicle (AGV) and energy storage battery products.
Electrovaya will have its battery system product line for MHEVs and AGVs on display at the ProMat 2019 conference (Booth N6124) in Chicago from April 8-11, 2019.
Electrovaya Inc. designs, develops and manufactures proprietary lithium ion batteries, battery systems, and battery-related products for energy storage, clean electric transportation and other specialized applications. Electrovaya is a technology focused company with extensive IP. Headquartered in Ontario, Canada, Electrovaya has production facilities in Canada with customers around the globe.
