Re: Electrovaya Announces Three Year Strategic Supply Agreement with Existing and New Global OEM Partners
posted on
Nov 02, 2023 12:59PM
(Edit this message through the "fast facts" section)
I don't think people realize how big this is. First of all lets look at Toyota Material Handling Local Representation │Toyota Material Handling International (toyotamaterialhandling-international.com) can we say global? If they start supplying batteries to TMH globally we are looking at huge increase in sales. We have cell manufacturing in Asia so cells are available in Asia and we would just have to add module and pack production where needed. This agreement has been in the works for a long time, here is something I posted over a year ago Agoracom: Small Cap Investment - Electrovaya - Toyota Material Handling so much engineering and commitment from Toyota, not just a snap decision. Looks like they are commited to Electrovaya. They are including Bastian Solutions and more than likely Vanderlande as well and what about trucks and energy storage? Raj has also talked about working with the fortune 100 companies on trucks and energy storage. Recently Electrovaya has hired multiple software and firmware people and they stated there should be news soon regarding their work with bus companies.