Lithium-ion battery manufacturer Electrovaya has received a purchase order valued at approximately $3.5 million for immediate delivery of its batteries from one of its OEM sales channels. The customer is a Fortune 100 e-commerce company, and it will use the batteries to power material-handling EVs in its warehouse operations.

Ontario-based Electrovaya makes batteries and battery components. It has operations in both Canada and New York.

“We are delighted to announce this repeat order to supply this leading Fortune 100 e-commerce customer with our batteries,” said Dr. Jeremy Dang, Vice President of Business Development at Electrovaya. “This customer has been the largest operator of our batteries to date with more than 30 distribution centers. It is a testament to our commitment to providing reliable, safe and long-lasting battery solutions.”

Also this week, Electrovaya secured a direct loan for $50.8 million from the Export-Import Bank of the United States to fund the buildout of its battery manufacturing facility in Jamestown, New York.

Source: Electrovaya