Electrovaya Secures Battery Orders from Japanese OEM

Electrovaya Inc., a leader in lithium-ion battery technology, has announced receiving significant orders from a major Japanese construction equipment OEM. These orders have been facilitated through Sumitomo Corporation Power & Mobility, under an existing supply agreement. Targeted for delivery in Japan in 2025, these high-voltage battery systems are pivotal for the OEM's vehicle project.

The company sees this as a vital win, enhancing its footprint in the Japanese market and expanding its product applications. Dr. Raj DasGupta, Electrovaya's CEO, emphasized the benefits of their products in heavy-duty electrification.

While forward-looking statements indicate optimism, caution is advised due to inherent market uncertainties. Electrovaya continues striving to meet customer needs and maintain stable growth amid fluctuating market conditions.