Electrovaya and Amazon sign warrant-linked battery deal for material-handling operations

Type: Supply Agreement · Technology: Storage · Country: null · Value: $280M · Announced: 2026-07-16

Electrovaya has entered into a commercial agreement and a warrant transaction with Amazon to support the continued deployment of its Infinity Battery Technology in material-handling operations. As part of the agreement, Amazon will receive warrants to purchase up to 13,880,345 common shares of Electrovaya, which fully vest once Amazon achieves cumulative future purchases of $280 million. The relationship also carries potential for expanded engagement around robotics and energy storage, with a portion of the warrants vesting immediately upon execution. Electrovaya's Infinity Battery Technology has demonstrated performance in demanding material-handling environments, and the company is also developing battery systems for data center, industrial, and logistics applications. Amazon was Electrovaya’s largest customer in 2025, and Electrovaya's Jamestown, New York site is being developed as its first gigafactory.

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