*1 unaudited, FY growth from FY2022 to FY 2023
*2 As in July 2023: as compared to an ICE powered forklift
*3 Cycle equivalent: 14,000 cycles is equivalent to 3,500,000 miles for 250-mile range car
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NMC based Lithium-ion cells with excellent cycle life performance and the safety
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Three year term includes an accordion of US$5.0 million expansion option to fuel future growth Lower-cost facility replaces existing debt, reducing servicing costs Supports operations in both the United States and Canada and enables financing from the United States Export-Import Bank (“EXIM”) for Jamestown manufacturing investments Electrovaya Inc. (“Electrovaya” or the “Company”) (NASDAQ: ELVA, TSX:ELVA), […]
Funding Under EXIM‘s Make More in America Initiative to Fuel Expansion of Electrovaya’s Jamestown Battery Manufacturing Facility Combination of EXIM Funding with $20 million BMO Credit Facility and $12 Million Equity Capital from December 2024 Provides Electrovaya with Over $80 million for Aggressive U.S. Expansion Electrovaya has Met Substantially All Condition Precedent Requirements to Drawdown […]
Electrovaya Gigafactory, Jamestown, NY, USA
Electrovaya Corp, Mississauga, ON, CA
Electrovaya Labs, Mississauga, ON, CA
