Electrovaya (ELVA) has received a purchase order valued at approximately $4.1M for immediate delivery of its batteries. The batteries will be used by a leading Fortune 500 retailer in the United States for powering material handling electric vehicles in two existing warehouse sites. Additional sites are also being planned for conversion on top of the two orders received.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ELVA:
- Dell and HP forecasts spark selloffs: Morning Buzz
- Electrovaya Announces Strong Fiscal Outlook for 2025
- Electrovaya reports preliminary FY24 revenue $44.6M, consensus $45.04M
- Electrovaya sees FY25 revenue exceeding $60M, consensus $77.41M
- Electrovaya provides update on EXIM loan, Jamestown expansion