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Electrovaya Gets $6.3 Million Purchase Orders From End Customer
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Electrovaya Gets $6.3 Million Purchase Orders From End Customer
Jun 3, 2025 9:21 AM

11:53 AM EDT, 06/03/2025 (MT Newswires) -- Electrovaya ( ELVA ) said Tuesday that it has received purchase orders totaling roughly $6.3 million from an end customer through its original equipment manufacturer sales channel.

The same end customer, which is a Fortune 100 e-commerce company, had placed orders of more than $16 million during the current fiscal year, the company said.

The customer will use the batteries for powering material handling electric vehicles in multiple distribution centers.

Electrovaya ( ELVA ) also said that additional orders are under consideration.

Price: 3.20, Change: +0.14, Percent Change: +4.58

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