Electrovaya Launches New Line of Lithium-Ion Battery Systems for Class III Material Handling Vehicles
Rhea-AI Summary
Electrovaya (NASDAQ:ELVA) launched the Infinity lithium-ion battery systems for Class III walkie pallet jack material handling vehicles, offered in 108 Ah (2.8 kWh) and 162 Ah (4.1 kWh) capacities with pack widths of 5.5" to 9" and onboard chargers of 650W or 1200W.
The product line aims to let customers precisely configure batteries to application needs; Electrovaya will display a walkie pallet jack battery at MODEX 2026 in booth #B11411.
Positive
- Two capacity options: 108 Ah (2.8 kWh) and 162 Ah (4.1 kWh)
- Charger choices: onboard 650W or 1200W chargers
- Flexible form factors: pack widths from 5.5" to 9"
- Expanded product portfolio for Class III material handling vehicles
- MODEX demo scheduled at booth #B11411, aiding customer exposure
Negative
- None.
News Market Reaction – ELVA
In the Apr 13 session, ELVA gained 3.15%, reflecting a moderate positive market reaction. Argus tracked a peak move of +27.4% during that session. Our momentum scanner triggered 43 alerts that day, indicating elevated trading interest and price volatility. Trading volume was elevated at 2.7x the daily average, suggesting notable buying interest.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Apr 02 | DOE project partnership | Positive | -1.0% | Participation in DOE-funded 1.2 MWh data center battery system project. |
| Mar 10 | Safety certification | Positive | +5.3% | First UL 2580 certification for six high-voltage battery system models. |
| Mar 02 | AGM results | Positive | +2.1% | Shareholders approved directors, auditors, option increase, and U.S. domestication. |
| Feb 26 | Investor webcast | Neutral | +1.7% | Announcement of March 5, 2026 webcast on strategy and technology. |
| Feb 24 | Large purchase order | Positive | +9.6% | Approx. $10.5M Infinity battery orders from Fortune 500 U.S. customer. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent company-specific announcements have mostly seen positive price alignment, with one divergence on a DOE project update.
Over the past few months, Electrovaya has reported several operational and strategic milestones. On Feb 24, 2026, it received approximately $10.5 million in purchase orders for Infinity battery systems, followed by an investor webcast announcement on Feb 26, 2026. Governance items at the Feb 27, 2026 AGM were approved with strong support, and on Mar 10, 2026 the company achieved UL 2580 safety certification for six high-voltage battery models. A 1.2 MWh DOE-backed data center project was announced on Apr 2, 2026. Today’s new Class III product line fits this pattern of expanding the Infinity technology platform.
Key Terms
lithium-ion battery technical
material handling vehicles technical
onboard charger technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
New product family that will power "Walkie Pallet Jack" Class III Material Handling Vehicles will be on display at MODEX 2026
TORONTO, ON / ACCESS Newswire / April 13, 2026 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, today announces the launch of Infinity battery systems for application in walkie pallet jacks. Walkie pallet jacks are ubiquitous across distribution centers, warehouses, manufacturing plants, and retail stores.
The walkie pallet jack battery line features two capacities, a 108 Ah (2.8 kWh) and a larger 162 Ah (4.1 kWh) pack, available in widths ranging from 5.5" to 9". Each pack includes an onboard charger offered in either 650W or 1200W. The combination of multiple battery sizes and charger options allows for precise configuration to match specific application needs.
"With this product line launch, our material handling equipment battery portfolio is further enhanced, positioning us to offer a complete and unified solution to our customers," said Jeremy Dang, Vice President of Business Development at Electrovaya.
Electrovaya will showcase a walkie pallet jack battery at MODEX 2026 in booth #B11411.
Investor and Media Contact:
Jason Roy
VP, Corporate Development and Investor Relations
Electrovaya Inc.
jroy@electrovaya.com
905-855-4618
About Electrovaya Inc.
Electrovaya Inc. (NASDAQ: ELVA; TSX: ELVA) is a technology-driven lithium-ion battery company commercializing its proprietary Infinity Battery Technology, designed for superior safety, longevity, and performance in mission-critical industrial, robotics, defense and energy-storage applications. The Company leverages a strong intellectual-property portfolio and advanced materials expertise to deliver durable, high-value battery solutions to global OEMs and end users. To support growing demand and advancing energy-security and national-security objectives, Electrovaya is expanding U.S. manufacturing through its 52-acre Jamestown, New York site, which includes a 137,000-square-foot facility planned as its first gigafactory. Electrovaya also operates two Canadian sites focused on research, engineering, and product commercialization. For more information, please visit www.electrovaya.com.
Forward-Looking Statements
This press release contains forward-looking statements, including statements that relate to, among other things, revenue, purchase orders, the potential for additional purchase orders from the described customer in CY 2026, order growth and customer demand FY and CY 2026, walkie pallet jack products, the demand for walkie pallet jack battery systems, future business opportunities, and the ability to deliver to customer requirements. Forward-looking statements can generally, but not always, be identified by the use of words such as "may", "will", "could", "should", "would", "likely", "possible", "expect", "intend", "estimate", "anticipate", "believe", "plan", "planned", "objective", "estimated" and "continue" (or the negative thereof) and words and expressions of similar import. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, assumptions and analyses made by the Company in light of the experience and perception of historical trends, current conditions and expected future developments and other factors it believes are appropriate are necessarily applied in making forward looking statements and such statements are subject to risks and uncertainties, therefore actual results may differ materially from those expressed or implied in such statements and undue reliance should not be placed on such statements. Material assumptions made in disclosing the forward-looking statements included in this news release include, but are not limited to assumptions that the Company's customers will deploy its products in accordance with communicated timing and volumes, that the Company's customers will complete new distribution centers in accordance with communicated expectations, intentions and plans, and stable political climate with respect to exports from Canada to the United. Factors that could cause actual results to differ materially from expectations include but are not limited to customers not placing roughly in accordance with historical ordering patterns and communicated intentions, the fact that the expected additional sales from the described customer are expressions of interest and not yet purchase orders, the uncertain effects of the imposition of a new tariff regime on Canadian exports by the United States, macroeconomic effects on the Company and its business and on the lithium battery industry generally, the Company's liquidity and cash availability in excess of its operational requirements, and the ability to generate and sustain sales orders. Additional information about material factors that could cause actual results to differ materially from expectations and about material factors or assumptions applied in making forward-looking statements may be found in the Company's Annual Information Form for the year ended September 30, 2025 under "Risk Factors", in the Company's base shelf prospectus dated September 17, 2024, and in the Company's most recent annual and interim Management's Discussion and Analysis under "Qualitative And Quantitative Disclosures about Risk and Uncertainties" as well as in other public disclosure documents filed with Canadian securities regulatory authorities. The Company does not undertake any obligation to update publicly or to revise any of the forward looking statements contained in this document, whether as a result of new information, future events or otherwise, except as required by law.
SOURCE: Electrovaya, Inc.
View the original press release on ACCESS Newswire