Electrovaya Inc. Secures Significant New Orders from Fortune 100 E-commerce Giant

In a significant development for Electrovaya Inc., the Canadian technology company specializing in lithium-ion batteries has announced the receipt of new purchase orders totaling approximately US$4.5 million from a leading Fortune 100 e-commerce company. This latest transaction underscores the growing demand for Electrovaya’s innovative battery solutions in the clean electric transportation sector.

The orders, announced on July 15, 2025, are for Electrovaya’s Infinity battery systems, which are integral to powering material handling electric vehicles across multiple distribution centers. This new order is part of a broader trend of increasing demand from this global customer, with cumulative orders now exceeding US$20 million in fiscal 2025.

Dr. Jeremy Dang, Vice President of Business Development at Electrovaya, expressed enthusiasm about the continued partnership, stating, “We are thrilled to receive another round of repeat orders from a globally recognized customer.” He highlighted the scale of deployment, noting that the end user will have implemented over 2,800 Infinity battery systems across more than 50 distribution centers in three countries, spanning two continents.

This development is particularly noteworthy given Electrovaya’s current financial metrics. Despite a negative price-to-earnings ratio of -839.57, the company’s market capitalization stands at CAD 152.7 million, reflecting investor confidence in its long-term growth potential. The recent orders are expected to bolster Electrovaya’s financial performance and reinforce its position as a leader in the lithium-ion battery technology and manufacturing space.

With continued demand anticipated for additional sites in 2025, Electrovaya is well-positioned to capitalize on the expanding market for clean energy solutions. The company’s strategic focus on proprietary battery systems and its global customer base underscore its commitment to driving innovation in energy storage and electric transportation.

As Electrovaya continues to expand its footprint in the industrial sector, investors and industry observers will be closely monitoring its ability to convert these new orders into sustained revenue growth and market expansion. The company’s trajectory suggests a promising future, with its cutting-edge technology and strategic partnerships paving the way for further success in the evolving energy landscape.