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Electrovaya receives $3.5-million order for EV batteries, secures loan from US Export-Import Bank


Lithium-ion battery manufacturer Electrovaya has received a purchase order valued at approximately $3.5 million for immediate delivery of its batteries from one of its OEM sales channels. The customer is a Fortune 100 e-commerce company, and it will use the batteries to power material-handling EVs in its warehouse operations. Ontario-based Electrovaya makes batteries and battery… Read more…

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