Electrovaya Receives Orders for High-Voltage Battery Systems from Major Japanese Construction OEM
Toronto, ON – March 6, 2025 – Electrovaya Inc., a leading lithium-ion battery technology and manufacturing company, is proud to announce that it has received orders for high-voltage battery systems from a second global construction Original Equipment Manufacturer (OEM) through its partnership with Sumitomo Corporation Power & Mobility (SCPM). This order comes from a renowned Japanese headquartered construction equipment manufacturer.
Background on the Partnership between Electrovaya and Sumitomo Corporation Power & Mobility
Electrovaya’s partnership with SCPM, a 100% subsidiary of Sumitomo Corporation (TYO:8053), was formed to bring Electrovaya’s advanced lithium-ion battery systems to the construction and industrial equipment markets. SCPM’s extensive experience in sales, marketing, and distribution will help Electrovaya expand its reach and penetrate new markets, while Electrovaya’s innovative battery technology will provide SCPM with a competitive edge.
Impact on Electrovaya
This order from a major Japanese construction OEM signifies a significant milestone for Electrovaya. Receiving orders from a second global OEM through SCPM reinforces the value and demand for Electrovaya’s high-voltage battery systems in the construction and industrial equipment markets. These orders will contribute to Electrovaya’s revenue growth and strengthen its position as a key player in the industry.
Impact on the World
The adoption of high-voltage battery systems in construction and industrial equipment is a growing trend, driven by the increasing demand for sustainable and efficient solutions. With Electrovaya’s advanced battery technology and SCPM’s extensive global network, more construction and industrial equipment manufacturers will have access to high-performance, long-lasting batteries. This will lead to a reduction in greenhouse gas emissions, as these batteries offer a more environmentally-friendly alternative to traditional fossil fuel-powered equipment. Furthermore, the use of high-voltage battery systems in construction and industrial equipment will improve productivity and efficiency, enabling companies to complete projects more quickly and cost-effectively.
Conclusion
Electrovaya’s partnership with Sumitomo Corporation Power & Mobility continues to bear fruit, as the company secures orders for high-voltage battery systems from a second major Japanese construction OEM. This partnership is not only beneficial for Electrovaya, but also for the construction and industrial equipment industry as a whole, as it promotes the adoption of sustainable, high-performance battery systems. As the world moves towards a more electrified future, Electrovaya is at the forefront of this transformation, providing innovative solutions for a cleaner, more efficient future.
- Electrovaya announces orders for high-voltage battery systems from a second global construction OEM.
- The partnership between Electrovaya and Sumitomo Corporation Power & Mobility continues to grow, bringing Electrovaya’s technology to new markets.
- The adoption of high-voltage battery systems in construction and industrial equipment will lead to a reduction in greenhouse gas emissions and improved productivity.
