Electrovaya (ELVA) said Thursday that it received follow-on purchase orders for its Infinity batteries worth about $7.3 million from an unnamed e-commerce company.
Electrovaya said the customer will use the batteries to power material handling electric vehicles at its distribution centers. It said the same customer placed a $3.5 million order in November.
The shares were about 3% higher in recent trading.
Price: 2.58, Change: +0.08, Percent Change: +3.00
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