Electrovaya secures about $26 million in battery orders from Janus Electric
ELVA•Electrovaya signed a strategic supply agreement with Janus Electric covering about $26 million in initial battery system orders. It also includes a proposed $1.4 million investment for up to 4.2 million Janus shares and 6.3 million warrants.
1. Orders and investment
Deliveries are underway to support Janus Electric’s electric truck deployments in the United States and Canada, where orders and commitments cover 118 conversions. The agreement includes a proposed $1.4 million investment for up to 4.2 million Janus shares, with up to 6.3 million warrants.
