08:33 AM EST, 02/24/2026 (MT Newswires) -- Electrovaya ( ELVA ) on Tuesday announced the receipt of new purchase orders totaling approximately $10.5 million through its OEM sales channel.

It is not clear if the figures are in USD or CAD.

The company said that these orders are for a Fortune 500 U.S.-based customer and cover Electrovaya's ( ELVA ) Infinity battery systems, powering material handling electric vehicles at multiple distribution centers.

"We are pleased to receive this latest order from a strategic customer," said Dr. Jeremy Dang, Vice President of Business Development at Electrovaya ( ELVA ). "Electrovaya ( ELVA ) is proud to support our customers' shift toward safe and long-lasting energy solutions for their logistics operations. Additional orders are also anticipated as they continue to advance their electrification strategy."