Lithium-ion battery maker Electrovaya has signed an agreement with Amazon to support continued deployment of its Infinity Battery Technology across Amazon’s material handling operations. Electrovaya says the relationship could also expand into robotics and energy storage applications.
Under the agreement, Amazon will receive warrants to purchase up to 13,880,345 common shares of Electrovaya.
Electrovayat says its Infinity energy storage systems have a perfect field safety record and offer a reduced environmental footprint and lower total cost of ownership compared to competing lithium-ion technologies. Electrovaya is developing systems that pair the Infinity lithium-ion platform with high-power architectures for data center, industrial and logistics applications, and the company says these improve safety, cycle life and charging speed.
Lithium-ion packs suit material handling because they support opportunity charging and deliver long cycle life, allowing forklifts to run across multiple shifts without the battery swaps that lead-acid systems require.
Electrovaya is expanding its US manufacturing at a 52-acre site in Jamestown, New York, where a 137,000-square-foot facility is planned as its first gigafactory.
“Electrovaya’s Infinity Battery Technology has demonstrated real performance in demanding material handling environments,” said Raj DasGupta, Electrovaya’s Chief Executive Officer. “We look forward to building on that foundation in other industrial applications where safety and longevity are critical.”
Source: Electrovaya
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