Why Choose Us

  • INNOVATIONS

    Electrovaya continues to advance cell, system and process technology.

  • OPTIMIZED CELL DESIGN

    Electrovaya delivers high-quality, Made in Germany cell components.

  • MODULAR FLEXIBILITY

    Experience in delivering systems in all shapes and sizes.

  • MOTIVE POWER

    From forklifts to buses, we can power anything that moves.

Press Releases

  • Electrovaya Announces Private Placement for Proceeds of up to $700,000

    Not for distribution in the United States newswire services or for dissemination in the United States TORONTO, May 16, 2018 - Electrovaya Inc. (TSX:EFL) (OTCQX:EFLVF) (“Electrovaya”, or the “Company”) is pleased to announce that it intends to complete a non-brokered private placement offering of up to 4,666,667 units (the “Units”) at a price of $0.15 per Unit for aggregate gross proceeds of up to $700,000. Each Unit will consist of one common share of the Company (each, a “Common Share”) and one-half of one common share purchase warrant (each, a “Unit Warrant”). Each whole Unit Warrant will entitle the holder thereof to acquire one Common Share at a price of $0.20 for a period of 36 months from the date of issuance. The private placement is expected to close on or about May 24, 2018. The proceeds of the private placement will be used for general working capital purposes. The private placement is subject to the approval of the Toronto Stock Exchange. It is expected that certain directors and officers of the Company will purchase Units in connection with the private placement. As such, the private placement constitutes a “related party transaction” for Electrovaya within the meaning of that term pursuant to Multilateral Instrument 61-101 of the Canadian Securities Administrators ­- Protection of Minority Security Holders in Special Transactions (“MI 61-101”). MI 61-101 provides that related party transactions are, in the absence of an exemption therefrom, subject to the requirement to obtain a formal valuation for the subject matter of the related party transaction and minority shareholder approval of the related party transaction (which approval shall exclude any votes attached to Common Shares held by the participating related party). The Company is relying on the exemptions from the formal valuation and minority approval requirements of MI 61-101 in respect of the private placement provided for in sections 5.5(a) and 5.7(1)(a) of MI 61-101 - Fair Market Value Not More than 25% of Market Capitalization. Also pursuant to MI 61-101, the private placement is subject to enhanced disclosure, to be included in a material change report filed in connection therewith. The material change report will be filed less than 21 days prior to the expected closing of the private placement. Management of the Company believes this is reasonable and necessary in the circumstances, as it is important for the Company to receive the proceeds from the private placement in a timely manner. For more information, please contact North America: Richard Halka Chief Financial Officer Electrovaya Inc. Telephone: 1.905.855.4618 Email:  ir@electrovaya.com About Electrovaya Inc. Electrovaya Inc. (TSX:EFL) (OTCQX:EFLVF) designs, develops and manufactures proprietary Lithium Ion Super Polymer® batteries, battery systems, and battery-related products for energy storage, clean electric transportation and other specialized applications. Headquartered in Ontario, Canada, Electrovaya is a technology focused company with extensive IP, supplying leading global customers. To learn more about how Electrovaya is powering mobility and energy storage, please explore www.electrovaya.com. Forward-Looking Statements This press release contains forward‐looking statements, including statements that relate to, among other things, the completion of the private placement and the use of proceeds thereof, and can generally be identified by the use of words such as “may”, “will”, “could”, “should”, “would”, “likely”, “possible”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “plan”, “objective” and “continue” (or the negative thereof) and words and expressions of similar import. Although the Company believes that the expectations reflected in such forward‐looking statements are reasonable, such statements involve risks and uncertainties, and undue reliance should not be placed on such statements. Certain material factors or assumptions are applied in making forward‐looking statements, and actual results may differ materially from those expressed or implied in such statements. Important factors that could cause actual results to differ materially from expectations include but are not limited to: market conditions and demand for the Company’s securities; general business and economic conditions (including but not limited to currency rates and creditworthiness of customers); Company liquidity and capital resources, including the availability of additional capital resources to fund its activities; level of competition; changes in laws and regulations; legal and regulatory proceedings; the ability to adapt products and services to the changing market; the ability to attract and retain key executives; and the ability to execute strategic plans. Additional information about material factors that could cause actual results to differ materially from expectations and about material factors or assumptions applied in making forward‐looking statements may be found in the Company’s most recent annual information form under the heading “Risk Factors” as well as in other public disclosure documents filed with Canadian securities regulatory authorities. The Company does not undertake any obligation to update publicly or to revise any of the forward‐looking statements contained in this document, whether as a result of new information, future events or otherwise, except as required by law.

    Read More
  • Electrovaya Announces Purchase Orders from Two Customers Through a Leading Lift Truck OEM Dealer

    Toronto, Ontario – May 4, 2018 – Electrovaya Inc. (“Electrovaya” or the “Company”) (TSX: EFL) (OTCQX:EFLVF), is pleased to announce purchase orders from two customers totalling $511,000 (Cdn ~$656,000) for its ELivate line of forklift battery systems. One of the orders is from a Fortune 500 company and existing customer of Electrovaya. Th other order is from a new customer. Both orders were finalized through a lift truck OEM dealer. Electrovaya is focused on supplying lithium ion battery systems for materials handling electric vehicles (MHEVs), which the Company believes to be a large and growing market opportunity. The Company supplies batteries for newly-manufactured electric trucks, as well as replacement batteries for existing fleets powered by lead acid batteries. Electrovaya believes it is the leading provider of lithium ion batteries for the emerging forklift market in North America, reflecting the superior performance of its batteries.

    Read More
  • Electrovaya Reports Financial Results for Q2 2018

    Toronto, Ontario – April 24, 2018– Electrovaya Inc. (“Electrovaya” or the “Company”) (TSX: EFL; OTCQX: EFLVF) today reported its financial results for the fiscal second quarter ended March 31, 2018 (“Q2 2018”). All numbers are in U.S. dollars unless otherwise noted. The Company is pleased to report a tenfold increase in revenue from continuing operations in Q2 2018 compared to the fiscal second quarter ended March 31, 2017 (“Q2 2017”). Revenue from continuing operations was US$3.3 million (Cdn $4.2 million), compared to US$0.3 million (Cdn $0.4 million) in Q2 2017. The increase was primarily attributable to revenue collected on the Cdn $4.3 million purchase order from Walmart Canada announced on September 18, 2017, and also included other purchase orders for materials handling electric vehicle (MHEV) batteries. Electrovaya is encouraged by continued interest in its lithium ion forklift battery systems from new and existing customers. In addition to the six Fortune 500 companies which have issued initial and/or follow-up purchase orders, validation testing is ongoing by major global companies, and the Company is confident that sales momentum for these products will increase during fiscal 2018. Multiple manufacturers of MHEVs have approved the use of Electrovaya’s lithium ion batteries in certain of their vehicles for the North American market.

    Read More
  • Electrovaya Announces Date of Earnings Release and Conference Call to Discuss the Quarter ended March 31, 2018 Financial Results

    Toronto, Ontario – April 23, 2018  Electrovaya Inc. (TSX: EFL) (OTCQX:EFLVF) today announced that it will release the financial results for the quarter ended March 31, 2018 on Tuesday April 24th, 2018 after the markets close. CEO Dr. Sankar Das Gupta and EVP & CFO Richard Halka will host a conference call on Wednesday April 25th, 2018 at 8:00 a.m. Eastern Time (ET) to discuss the results and provide a business update. Conference call details will be provided with the earnings release.

    Read More

Upcoming Industry Events