Electrovaya Inc (ELVA)

[BornAgain]

Raymond and Electrovaya expand alliance

Thursday, 14 January 2021 ( #1008 ) - Toronto, ON, Canada


Electrovaya expands relationship with Raymond

Electrovaya and The Raymond Corporation have completed a strategic supply agreement for the supply of battery systems for Raymond's Energy Essentials Battery line. The agreement provides Raymond with exclusively distributed Raymond-branded lithium-ion batteries that are UL 2580-listed and compatible with most class I, II and III Raymond forklifts. The battery systems utilise the latest Electrovaya NMC Ceramic lithium-ion battery technologies and provide a full integration with the Raymond vehicles. "Our decision to collaborate with Electrovaya as a strategic supplier followed many months of rigorous engineering and testing activities," says Jennifer de Souza, senior director of energy solutions, procurement and leasing for The Raymond Corporation." Energy Essentials distributed by Raymond enables a complete and unique integration between the truck and battery, giving full visibility to operational data elements including state-of-charge. "Engineered to excel in tough materials handling applications, these lithium-ion solutions provide our customers with significant productivity enhancements, including increased uptime and reduced electricity costs," she adds. Rajshekar Das Gupta, vice president, technology and business development at Electrovaya, says the new relationship supersedes the 2019 sales agreement between the two companies. "These battery systems, when paired with Raymond materials handling equipment, have the potential to increase energy and greenhouse emission savings for customers, especially those with multi-shift operations. "From a commercial standpoint, Raymond's sales reach and ability to service and support a large range of customers, increase the potential distribution of these battery systems," he adds.


https://www.forkliftaction.com/news/raymond-and-electrovaya-expand-alliance.aspx?n=24267