Electrovaya Receives $10.5 Million Purchase Order from Fortune 500 Customer

The lithium-ion battery company will supply its Infinity battery systems to power material handling electric vehicles at the customer's distribution centers.

Published on Feb. 24, 2026

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Electrovaya Inc., a leading lithium-ion battery technology and manufacturing company, has announced the receipt of new purchase orders totaling approximately $10.5 million through its OEM sales channel. These orders are from a Fortune 500 U.S.-based customer and cover Electrovaya's Infinity battery systems, which will be used to power material handling electric vehicles at multiple distribution centers.

Why it matters

This order highlights Electrovaya's growing presence in the industrial electric vehicle market, as more companies seek safe and long-lasting energy solutions for their logistics operations. The company's Infinity battery systems are engineered for demanding, high-duty-cycle applications, making them well-suited for powering material handling fleets.

The details

The purchase orders cover Electrovaya's Infinity battery systems, which are designed to deliver exceptional safety, longevity, and performance for industrial electric vehicle fleets. The company's Vice President of Business Development, Dr. Jeremy Dang, stated that Electrovaya is proud to support its customers' shift towards electrification and that additional orders are anticipated as they continue to advance their electrification strategy.

  • Electrovaya received the new purchase orders on February 24, 2026.

The players

Electrovaya Inc.

A leading lithium-ion battery technology and manufacturing company that commercializes its proprietary Infinity Battery Technology, designed for superior safety, longevity, and performance in mission-critical industrial, robotics, defense and energy-storage applications.

Dr. Jeremy Dang

The Vice President of Business Development at Electrovaya.

Fortune 500 U.S.-based customer

A major American company that has placed a $10.5 million purchase order with Electrovaya for its Infinity battery systems to power material handling electric vehicles at multiple distribution centers.

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What they’re saying

“We are pleased to receive this latest order from a strategic customer.”

— Dr. Jeremy Dang, Vice President of Business Development

“Electrovaya is proud to support our customers' shift toward safe and long-lasting energy solutions for their logistics operations. Additional orders are also anticipated as they continue to advance their electrification strategy.”

— Dr. Jeremy Dang, Vice President of Business Development

What’s next

Electrovaya expects to receive additional orders from the Fortune 500 customer as they continue to advance their electrification strategy.

The takeaway

This order demonstrates Electrovaya's growing presence in the industrial electric vehicle market, as more companies seek safe and long-lasting energy solutions to power their logistics operations. The company's Infinity battery systems are well-suited for these demanding, high-duty-cycle applications.