Toronto, Ontario — February 24, 2026 — Leads & Copy — Electrovaya Inc. (NASDAQ:ELVA)(TSX:ELVA), a lithium-ion battery technology and manufacturing company, has received new purchase orders totaling approximately $10.5 million through its OEM sales channel.
The orders are from a Fortune 500 U.S.-based customer and cover Electrovaya’s Infinity battery systems, which power material handling electric vehicles at multiple distribution centers.
According to Dr. Jeremy Dang, Vice President of Business Development at Electrovaya, the company is pleased to receive this latest order from a strategic customer.
Dr. Dang also stated that Electrovaya is proud to support its customers’ shift toward safe and long-lasting energy solutions for their logistics operations and that additional orders are anticipated as they continue to advance their electrification strategy.
Electrovaya’s Infinity battery systems are engineered for demanding, high-duty-cycle applications, delivering safety, longevity, and performance for industrial electric vehicle fleets.
Electrovaya Inc. commercializes its proprietary Infinity Battery Technology, designed for safety, longevity, and performance in industrial, robotics, defense, and energy-storage applications. The company leverages a strong intellectual-property portfolio and advanced materials expertise to deliver durable, high-value battery solutions to global OEMs and end users.
To support growing demand and advancing energy-security and national-security objectives, Electrovaya is expanding U.S. manufacturing through its 52-acre Jamestown, New York, site, which includes a 137,000-square-foot facility planned as its first gigafactory. Electrovaya also operates two Canadian sites focused on research, engineering, and product commercialization.
Source: Electrovaya
