Electrovaya Inc., lithium-ion battery manufacture, has announced that it has completed deliveries of all batteries to Walmart Canada for two distribution centers.
The order is the single largest that Electrovaya has received for lift truck batteries to date.
Walmart Canada is using the batteries to power forklifts at two of its distribution centres.
Electrovaya now has three distribution centres in which the materials handling vehicles are fully
powered by Electrovaya’s lithium-ion batteries.
Electrovaya secured a C$5.5 million credit facility from a Canadian financial institution in order
to complete deliveries on this order and this has been repaid in full.
Mitigating climate change is one of Walmart’s biggest sustainability priorities. Electrovaya’s
lithium-ion batteries have high energy efficiency over other standard non-lithium ion methods of
powering lift trucks, allows off-peak charging, hence reducing the environmental footprint of