Electrovaya Presenting at the 2025 EXIM Bank Annual Conference
Electrovaya Inc. CEO Dr. Raj DasGupta will speak at the Export-Import Bank of the United States (EXIM) 2025 Annual Conference on April 29-30 in Washington, D.C., addressing domestic manufacturing. Electrovaya recently secured a $50.8 million loan from EXIM, part of the ‘Make More in America’ initiative, to enhance battery manufacturing in Jamestown, New York. This […]
Electrovaya Receives Purchase Orders for Batteries from Fortune 500 Customer to Re-Power Three Existing Distribution Centers
Electrovaya Inc. announced a new purchase order worth $8.7 million from a Fortune 500 retailer, following a prior $4.1 million order made in December 2024. This order supports the retailer’s fleet conversion strategy for material handling electric vehicles at three warehouse sites, with plans for further site conversions in 2025 and 2026. Dr. Jeremy Dang […]
Electrovaya Announces Results of Annual Meeting of Shareholders
Electrovaya Inc. (NASDAQ:ELVA) (TSX:ELVA), a lithium-ion battery technology company, announced the approval of all resolutions at its 2024 Annual General Meeting on March 28, 2025. Six directors were elected with over 97% approval. MNP LLP was re-appointed as auditors. Electrovaya focuses on developing safe, long-lasting lithium-ion batteries and is advancing solid-state battery technology. With headquarters […]
Electrovaya Receives Additional US$7.3 Million Order for Fortune 100 Customer
Electrovaya Inc. has secured purchase orders worth approximately $7.3 million from a major Fortune 100 e-commerce company for lithium-ion batteries to power material handling electric vehicles in distribution centers across the U.S. and Canada. This order follows a $3.5 million purchase made in November 2024. With over 2,000 Infinity batteries already deployed in more than […]
Electrovaya Closes $50.8 Million Direct Loan with Export-Import Bank of the United States (“EXIM”) to Expand U.S. Battery Manufacturing
Electrovaya Inc. has secured a $50.8 million loan from the Export-Import Bank of the United States (EXIM) under its “Make More in America” initiative, combining it with a $20 million credit facility from BMO and $12 million in equity for a total of over $80 million. This financing will support the expansion of Electrovaya’s Jamestown, […]
Electrovaya Wins Orders From Second Global Japanese Headquartered Construction Equipment OEM
Electrovaya Inc. has secured orders for high-voltage battery systems from a major Japanese construction OEM through its partnership with Sumitomo Corporation Power & Mobility. These orders, part of an existing Supply Agreement, are set for delivery in Japan by 2025. Electrovaya’s CEO, Dr. Raj DasGupta, expressed excitement about this second win in the construction equipment […]
Electrovaya Receives Additional US$4.2 Million Battery Order for Existing Cold Storage Operator
Electrovaya Inc. has received a repeat purchase order valued at approximately US$4.2 million from a large cold storage logistics operator in the U.S., which already utilizes Electrovaya’s Infinity Battery Technology across six facilities. This company plans to expand its use of Electrovaya batteries for both existing operations and new construction. Dr. Jeremy Dang, Vice President […]
Electrovaya Announces April 2025 Startup for Jamestown Battery System Assembly Operations
Electrovaya Inc. is set to launch battery system manufacturing operations in Jamestown, New York, by April 2025, ahead of schedule. The initiative is part of a broader investment strategy exceeding $70 million for American manufacturing, which includes both lithium-ion cells and battery systems. The company is responding to increasing demand for its products in heavy-duty […]
Electrovaya Reports Q1 Fiscal Year 2025 Results
Electrovaya Inc. reported Q1 2025 revenue of $11.2 million, with a positive Adjusted EBITDA for the seventh consecutive quarter. The company has strengthened its balance sheet, improved working capital to $12.6 million, and maintained a gross margin of 30.5%. Significant financing progress includes a $50.8 million direct loan approval from EXIM and a $12.8 million […]
Electrovaya Announces date for Q1-2025 Financial Results & Conference Call
Electrovaya Inc. (Nasdaq: ELVA, TSX: ELVA) will release its first quarter financial results for the period ending December 31, 2024, on February 13, 2025, after market close. A conference call, led by CEO Dr. Raj DasGupta and CFO John Gibson, will take place at 5:00 p.m. EST to discuss the results and provide business updates. […]