We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.
The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ...
Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.
Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.
MISSISSAUGA, ON, /CNW/ – Paul Szabo, Member of Parliament forMississauga South, on behalf of Allan Rock, Minister of Industry, todayannounced a $9.9-million strategic investment as part of a $33-million projebeing undertaken by Electrovaya Inc. The investment, funded through TechnoloPartnerships Canada, will support Electrovaya in developing smaller, moreefficient and high-power rechargeable batteries for portable wirelesscommunications devices, electric vehicles and other mobile vehicles, such asforklifts and golf carts.
“This initiative represents a significant opportunity for Canada,” saidMr. Szabo. “The clean and efficient portable power technologies developed byElectrovaya will provide far-reaching benefits across diverse sectors.”
Electrovaya’s lithium ion polymer battery technology is anenvironmentally friendly research and development breakthrough, which willproduce rechargeable batteries with a high-energy density. Electrovaya’slithium ion polymer batteries will be half the size, but store just as muchenergy as a conventional lithium ion polymer battery. Containing no toxicmaterial and requiring less material to manufacture them, the batteriesdeveloped by Electrovaya will store twice as much energy as traditionalbatteries and enable the development of a family of clean transportationalternatives, such as electric vehicles.
“As a leader in battery technology, Electrovaya is delighted to partnerwith Technology Partnerships Canada in the development of advanced, portablepower sources that bear real benefit for communications and urbantransportation,” said Dr. Sankar Das Gupta, President and Chief ExecutiveOfficer of Electrovaya Inc.
“The development of more powerful and efficient batteries provides thegroundwork for the next generation of clean-transportation and clean-airtechnologies,” said Professor Alex McLean of the University of Toronto. Technology Partnerships Canada, a key instrument of Canada’s InnovationStrategy, makes strategic, conditionally repayable investments in greatCanadian ideas, which are the currency for success in the 21st century.Technology Partnerships Canada’s critical and timely investments for researcand development promote innovation, commercialization, sustainable developmeand increased private-sector investment, while enhancing the quality of lifeof all Canadians.
For further information:
Selena Beattie,
Office of Allan Rock, Minister of Industry,
(613) 995-9001;
Media Relations, Industry Canada,
(613) 943-250