Press Releases

Unaudited FY2024 Revenue Estimate of approximately $45 million with a Gross Margin of 31% Expects FY 2024 Year Operating Profit and Improved Adjusted EBITDA Expects FY2025 Revenues to Exceed $60 million Driven by Renewed Demand from the Company’s Largest End Users US EXIM Bank’s recently approved Direct Loan of $51 expected to begin disbursements during […]...

Electrovaya’s High Voltage Battery Systems demonstrated strong reliability and performance in mission critical off-road defense application over several months of extensive testing Electrovaya Inc. (“Electrovaya” or the “Company”)(NASDAQ:ELVA) (TSX:ELVA) a leading lithium-ion battery technology and manufacturing company, is pleased to announce follow-on order for Infinity-HV battery systems, from a global aerospace and defense company. “We […]...

Funding under EXIM‘s Make More in America initiative will fund equipment, engineering and setup costs for Electrovaya’s Jamestown Battery Manufacturing Facility Electrovaya Inc. (“Electrovaya” or the “Company”) (NASDAQ: ELVA, TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, is pleased to announce that it has secured a direct loan in the amount of US$50.8 million […]...

Customer is largest global end user of Company’s batteries with more than 30 warehouse locations operating vehicles powered by Electrovaya batteries Electrovaya Inc. (“Electrovaya” or the “Company”)(NASDAQ:ELVA, TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, today announced it has received a purchase order valued at approximately US$3.5 million for immediate delivery of its batteries […]...

Electrovaya Inc. (“Electrovaya” or the “Company”)(NASDAQ: ELVA, TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, is pleased to announce that it has received a Clean Technology award as part of Deloitte’s 2024 Technology Fast 50 program for the second consecutive year. Launched in 2021, this leadership category recognizes Canada’s top clean innovators providing processes, […]...

-15th Annual Craig-Hallum Alpha Select Conference- -UBS Global Industrials & Transportation Conference TORONTO, ON / ACCESSWIRE / November 05, 2024 / Electrovaya Inc. (“Electrovaya” or the “Company”) (NASDAQ:ELVA)(TSX:ELVA), a lithium ion battery technology and manufacturing company, today announced that Dr. Raj DasGupta, Electrovaya’s CEO will be attending the following upcoming conferences: Event: 15th Annual Craig-Hallum […]...

C$2 million in funding to support investments in Electrovaya’s Canadian facility for automation and capacity enhancements Electrovaya Inc. (“Electrovaya” or the “Company”) (NASDAQ: ELVA; TSX: ELVA.TO), a lithium ion battery technology and manufacturing company, announced a C$2-million investment from the Government of Canada through the Federal Economic Development Agency for Southern Ontario (FedDev Ontario). This […]...

Electrovaya to supply battery systems for IRT’s full electric locomotives serving a variety of rail applications including industrial operations, ports, short line railroads, defense, and commuter rail Electrovaya Inc. (“Electrovaya” or the “Company”)(NASDAQ: ELVA; TSX: ELVA), a lithium-ion battery technology and manufacturing company, today announced the establishment of a Strategic Supply Agreement with Innovative Rail […]...

Entry into a new market sector of construction vehicles and new geographical market of Japan Electrovaya Inc. (“Electrovaya” or the “Company”)(NASDAQ: ELVA; TSX: ELVA.TO), a lithium ion battery technology and manufacturing company, today announced the receipt of its first purchase orders for pre-production battery modules to be provided to a global Japanese headquartered manufacturer of […]...