Electrovaya (TSE:ELVA) has released an update.
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Electrovaya Inc. has secured a $4.1 million purchase order from a leading Fortune 500 retailer in the U.S. to supply lithium-ion batteries for material handling vehicles at two distribution centers. This marks the beginning of a broader fleet conversion strategy, with more sites planned for future upgrades. The deal underscores Electrovaya’s role in providing efficient battery solutions and supporting energy efficiency goals.
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