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Electrovaya, Inc.: Raymond and Electrovaya Announce Strategic Supply Agreement TORONTO, ON / ACCESSWIRE / December 18, 2020 / Electrovaya Inc. ( Electrovaya ) (TSX:EFL)(OTCQB:EFLVF) and The Raymond Corporation ( Raymond ) today announced that they 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 lift trucks. The battery systems utilize 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. Energy Essentials distributed by Raymond enables a complete and unique integration between the truck and battery, giving full visibility to

United statesRajshekar das guptaJason royPeter kovenRaymond energy essentials batteryElectrovaya incRaymond corporationEnergy essentialsEnergy solutionsRaymond energy essentials product lineRaymond corpBusiness developmentEnergy essentials productStrategic supply agreementEnergy essentials batteryJennifer de souza