Electrovaya announces three year strategic supply agreement with existing and new global oem partners

Expands prior agreement with one of the partners for longer term, higher minimum purchases and adds a new large oem partner and affiliates toronto, on / accesswire / november 2, 2023 / electrovaya inc. ("electrovaya" or the "company") (nasdaq:elva)(tsx:elva), a leading lithium-ion battery technology and manufacturing company, today announced that it has executed a strategic supply agreement with two leading affiliated oem partners for material handling vehicles and other affiliates for the supply of battery systems. the new three-year agreement provides the two leading oems and other affiliated companies with branded lithium ion batteries that are ul 2580 listed and compatible with most class i, ii and iii lift trucks as well as automated guided vehicles and robots.
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