Electrovaya Receives Initial Purchase Orders from Global Japanese Construction Equipment Manufacturer

TORONTO, ON / ACCESSWIRE / September 10, 2024 / Electrovaya Inc. (NASDAQ:ELVA)(TSX:ELVA.TO), a lithium-ion battery technology and manufacturing company, announced its first purchase orders for pre-production battery modules to a global Japanese construction equipment manufacturer. These modules will be used in an electric excavator program expected to scale production in 2026. Initial shipments will be delivered in Q2 FY2025 to Japan.

The order falls under a new supply agreement with a leading Japanese trading company. "We are excited to start making deliveries for this new sector of electrified construction equipment and in a new market, Japan," said Dr. Raj DasGupta, CEO of Electrovaya. He highlighted the need for durable batteries in heavy equipment and mentioned Electrovaya's Infinity Technology as an ideal solution.