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Amazon to use Electrovaya's Infinity batteries for material handling
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Amazon to use Electrovaya's Infinity batteries for material handling
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 …
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