EFLVF - EFLVF STOCK NEWS

Electrovaya Inc. has successfully closed a private placement with a single institutional investor, securing approximately C$3.795 million. The company issued 2,919,230 Common Shares and common warrants allowing the purchase of 1,459,615 additional shares at an exercise price of C$1.60 per share. The funds will enhance Electrovaya's position in the lithium-ion battery sector. The placement was facilitated by A.G.P./Alliance Global Partners as financial advisor, specifically targeting U.S. markets, while no securities were sold in Canada.

Electrovaya Inc. has entered a securities purchase agreement for a private placement, securing gross proceeds of approximately C$3.795 million. This agreement involves the issuance of up to 2,919,230 common shares and warrants at a price of C$1.30 per share. Each warrant allows purchase of one additional share at C$1.60, valid for three years post-closing, expected around September 29, 2021. The transaction requires customary regulatory approvals. Alliance Global Partners is acting as the financial advisor in the U.S.

Electrovaya Inc. (TSX:EFL, OTCQB:EFLVF) announced promising preliminary results from its proprietary solid state battery technology featuring lithium metal anodes and NMC cathodes. The tests displayed exceptional capacity retention after 80 cycles, indicating repeatable performance. Electrovaya aims to scale up production to larger pouch cells by Q1 CY2022 and commercialize this technology, which may enhance energy density and battery efficiency. The company has also filed patents for its innovative approach, emphasizing its commitment to advancing battery technology.

Electrovaya Inc. has launched EVISION, a proprietary cloud-based remote monitoring system for its lithium-ion batteries, aimed at enhancing battery efficiency in applications such as lift trucks and electric buses. This innovative system tracks battery health, charging, and utilization in real-time, thus enabling optimized fleet management. The subscription-based model for EVISION is expected to generate recurring revenue.

Positive customer feedback has been received since its launch, and compatibility with most existing Electrovaya batteries enhances its market penetration.

Electrovaya Inc. (TSX:EFL; OTCQB:EFLVF), a leading lithium-ion battery manufacturer, will present at the H.C. Wainwright 23rd Annual Global Investment Virtual Conference from September 13-15, 2021. Dr. Sankar DasGupta will provide insights into the company's operations during the event. Interested investors can register for the conference via the provided link. Electrovaya specializes in the design and production of advanced lithium-ion batteries for various applications, emphasizing safety and performance.

Electrovaya Inc. (TSX:EFL, OTCQB:EFLVF), a leader in lithium-ion battery manufacturing, will present at the Cowen's 14th Annual Global Transportation & Sustainable Mobility Conference on September 10, 2021, at 8:40 am ET. The conference spans from September 8 to September 10 and includes various discussions on transportation technologies and innovations. Electrovaya specializes in designing and manufacturing proprietary battery systems aimed at energy storage and clean transportation.

Electrovaya Inc. (EFLVF) reported Q3 FY2021 revenue of $1.9 million, down from $4.8 million in Q3 FY2020, attributed to reduced order volumes and supply chain disruptions. Year-to-date revenue is $7.4 million, slightly lower than $7.6 million in FY2020. However, the company secured significant orders late in the quarter, including $2 million from a major e-commerce client. Financially, current assets rose by 40% while current liabilities fell by 12%. Management maintains a strong outlook despite ongoing challenges from COVID-19 and will not provide a short-term financial outlook.

Electrovaya Inc. (TSX:EFL, OTCQB:EFLVF) has announced the release of its financial results for the quarter ended June 30, 2021, scheduled for August 9, 2021, after market close. CEO Dr. Sankar Das Gupta and CFO Richard Halka will host a conference call on August 10, 2021, at 8:00 a.m. ET to discuss the results and provide a business update. Electrovaya specializes in Lithium Ion Super Polymer batteries and is headquartered in Ontario, Canada, with a global customer base.

Electrovaya Inc. (TSX:EFL)(OTCQB:EFLVF) reported strong demand for its lithium-ion batteries, highlighting new orders totaling over US$4.5 million from major e-commerce and food manufacturing firms. These orders include a significant initial purchase from a leading e-commerce company valued at more than US$2 million and repeat orders worth approximately US$1.5 million. The company anticipates revenue of about C$2.3 million for the fiscal third quarter. Electrovaya's restructured OEM channel is beginning to attract large customers, indicating positive business development.