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Electrovaya enters Li-ion battery sales agreement with Raymond Corp.

Electrovaya Inc. has entered a sales agreement with The Raymond Corporation, a Toyota Industries Group company. The sales agreement will allow The Raymond Corporation’s Sales and Service Centers network to sell Electrovaya battery systems to customers that have the select compatible Raymond lift trucks.

We are excited to begin this relationship with The Raymond Corporation. The Electrovaya Elivate line of battery systems has proven itself to be robust and an excellent fit with select Raymond lift trucks.

This agreement will help provide Raymond’s customers the opportunity for a lithiumion battery solution and to expand Electrovaya’s market reach.Rajshekar DasGupta, Vice President Technology and Business Development, Electrovaya


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