Electrovaya was founded in 1996 as a research and development company focused on Lithium ion technologies and manufacturing processes. In 2000, the company was listed on the Toronto Stock Exchange (TSX:EFL) and over the years has delivered projects for specialized applications in the aerospace, automotive and personal electronics segments. During this period the company has developed key technologies related to fundamental cell technologies through to battery systems technologies. More recently, Electrovaya has focused on battery solutions for heavy duty applications that require superior cycle life and performance. It has developed unique ultra long cycle life battery systems specially designed for Materials Handling Electric Vehicles and currently also is a supplier to major OEMs for specialized battery module and battery systems.