Electrovaya Inc. (“Electrovaya” or the “Company”) (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, today announced it has received a purchase order valued at approximately US$3.5 million for immediate delivery of its batteries from one of its OEM sales channels. The batteries will be used by a leading Fortune 100 e-commerce company in the United States and Australia for powering material handling electric vehicles in its warehouse operations.

“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. We are pleased to see additional order volume coming from this key global customer. It is a testament to our commitment to providing reliable, safe and long-lasting battery solutions.”