Electrovaya secured a commercial agreement with Amazon to provide its Infinity Battery Technology. Amazon served as the company's largest customer in 2025. The deal supports Amazon’s material handling and logistics operations.
Amazon received warrants to acquire up to 20% of Electrovaya’s common shares. Vesting depends on Amazon’s future purchases of battery systems. The partnership may expand into robotics and energy storage applications.
Electrovaya’s stock price rose sharply following the announcement. The company projects fiscal year 2026 revenue to exceed $80 million. This target exceeds the $63.8 million reported in 2025. The Amazon deal and a new Gigafactory build-out support this growth.