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Electrovaya - ELVA STOCK NEWS

Welcome to our dedicated page for Electrovaya news (Ticker: ELVA), a resource for investors and traders seeking the latest updates and insights on Electrovaya stock.

Overview

Electrovaya Inc. (ELVA) is a technology-driven enterprise specializing in the design, development, and manufacture of proprietary lithium-ion batteries and battery systems. The company’s advanced battery solutions are engineered for energy storage, clean electric transportation, and a variety of specialized, mission-critical applications. Leveraging a strong portfolio of intellectual property, Electrovaya’s products are known for their enhanced safety features and industry leading longevity, positioning the firm as a reliable provider in a competitive energy transformation arena.

Core Business Areas and Technology

At the heart of Electrovaya’s operations is its proprietary battery technology platform, which is developed to meet strict safety and performance standards. The company’s technologically advanced products are specifically designed to cater to high-demand applications that require robust, long-lasting power solutions. By prioritizing innovation and rigorous testing, Electrovaya ensures that its batteries meet the rigorous requirements of sectors such as industrial automation, defense, and heavy-duty electric transportation.

Operational Footprint and Manufacturing

Electrovaya operates from multiple strategic sites, including established facilities in Canada and an upcoming manufacturing gigafactory in Jamestown, New York. This planned expansion underscores the company’s commitment to domestic manufacturing and enhanced supply chain resilience in North America. The integration of state-of-the-art manufacturing processes and capital investments in new assembly technologies helps Electrovaya stay ahead, ensuring a consistent supply of high-quality battery systems to meet growing demand.

Market Position and Revenue Streams

The company generates revenue primarily through the sale of its innovatively engineered battery systems and related products, serving a diverse customer base that includes global OEMs and major industrial operators. Electrovaya’s products are integral to various sectors—from material handling and logistics to defense and construction—where reliability and long battery life are paramount. Its focus on high performance and repeat orders from key customers further solidifies its niche in the market.

Competitive Advantages and Industry Positioning

Electrovaya distinguishes itself through its proprietary Infinity Battery Technology Platform, which offers a unique combination of safety, cycle life, and performance. This differentiated approach to lithium-ion battery design enables the company to excel even in mission-critical applications where reliability is non-negotiable. The company’s deep technological expertise, bolstered by extensive intellectual property, provides a robust competitive advantage in an increasingly competitive landscape where quality and durability are essential.

Innovation and Future-Ready Solutions

Innovation remains a core pillar of Electrovaya’s strategy. The company is continuously investing in research and development to explore next-generation battery technologies, including advances in solid state battery research. This not only enhances the performance of their current products but also paves the way for future developments that could transform energy storage and electric vehicle applications. By staying at the forefront of battery technology, Electrovaya is able to respond effectively to evolving market needs and technological trends.

Strategic Execution and Industry Relevance

Electrovaya’s strategic investments in expanding its manufacturing capacity—particularly with its planned gigafactory in the United States—underscore its commitment to meeting increasing demand from domestic and global markets. The company’s operational strategy is built on a robust business model focused on volume growth through strategic partnerships and repeat business with major customers. This approach not only strengthens its market presence but also reinforces its relevance within the broader energy transformation and clean technology sectors.

Conclusion

In summary, Electrovaya Inc. stands as a pivotal player in the energy storage and clean electrification landscape. Through its innovative lithium-ion battery systems, strong operational footprint, and commitment to advanced technology, the company delivers reliable, safe, and long-lasting solutions for a wide array of industrial and transportation sectors. Its comprehensive strategy, built on deep expertise and continuous innovation, ensures that Electrovaya remains a critical contributor to the evolving global energy ecosystem.

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Electrovaya successfully integrates and tests its latest battery systems with wireless chargers, achieving performance metrics similar to wired chargers. The technology is being implemented for material handling battery products up to 60kWh capacity, enhancing integration with autonomous vehicles. The Company plans to showcase its products at MODEX 2024 and ACT Expo.
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Electrovaya Inc. announced that Dr. Raj DasGupta, CEO, will attend investor conferences in March 2024, including the 36th Annual Roth Conference and Piper Sandler 24th Annual Energy Conference.
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Electrovaya Inc. announces UL recognition for its latest GEN V Battery Management System (BMS) technology, meeting safety standards. The BMS platform offers remote monitoring and advanced analytics, enhancing fleet and warehouse management. CEO Dr. Raj DasGupta highlights the significance of UL approvals for the new high voltage battery system products. The Company plans to showcase its latest products at upcoming expos, MODEX 2024 and ACT 2024.
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Electrovaya Inc. increases its credit facility by C$6 million to C$22 million, with potential to expand to C$26 million, to support working capital needs for sales and production growth. The term has been extended to July 29, 2025, aiming to meet revenue targets and address purchase order backlog.
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Electrovaya Inc. reported $0.6 million in Adjusted EBITDA, with improved gross margins and reaffirmed fiscal 2024 guidance of $65 to $75 million. Revenue for Q1 FY2024 was $12.1 million, a 41% increase from Q1 FY2023. The company is making progress in reaching a new debt facility and project financing goals for its gigafactory build out.
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Electrovaya Inc. (ELVA) will release its first quarter financial results on February 12, 2024, followed by a conference call to discuss the results and provide a business update. The call will be presented by CEO, Dr. Raj DasGupta and CFO, John Gibson. Investors and media can access the replay for two weeks after the call.
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Electrovaya Inc. (ELVA) announces CEO's participation in iAccess Alpha Tax Loss Recovery Summit Virtual Conference. Dr. Raj DasGupta to deliver a company presentation and host one-on-one meetings on January 9th and 10th, 2024.
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Electrovaya Inc. (ELVA) reports over $3.2 million in Adjusted EBITDA and an Operating Profit of $1.2 million for Fiscal 2023, with a Two-year Revenue CAGR of 100%. The company expects continued strong growth into Fiscal 2025 and beyond supported by new high voltage battery system product lines and anticipated capacity expansion.
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Electrovaya Inc. (ELVA) to Release Q4 and FY2023 Financial Results and Host Conference Call with CEO and CFO
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Electrovaya Inc. (NASDAQ: ELVA) (TSX: ELVA) announces the first shipment of its Infinity-HV battery systems to a global aerospace company, targeting heavy-duty, high-voltage applications. The new products offer industry-leading safety and longevity, with plans for mass production at the Company's facility in Jamestown, NY.
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FAQ

What is the current stock price of Electrovaya (ELVA)?

The current stock price of Electrovaya (ELVA) is $2.48 as of April 11, 2025.

What is the market cap of Electrovaya (ELVA)?

The market cap of Electrovaya (ELVA) is approximately 92.6M.

What does Electrovaya Inc. specialize in?

Electrovaya specializes in designing, developing, and manufacturing proprietary lithium-ion batteries and battery systems for energy storage, clean electric transportation, and specialized applications.

What sets Electrovaya's battery technology apart?

The company’s proprietary Infinity Battery Technology Platform is engineered for enhanced safety and longevity, making it ideal for mission-critical applications across various industries.

Where are Electrovaya's primary operations located?

Electrovaya operates from established sites in Canada and is expanding its manufacturing footprint with a planned gigafactory in Jamestown, New York.

How does Electrovaya generate revenue?

Revenue is generated through the direct sale of high-performance lithium-ion batteries and battery systems to a diversified customer base including global OEMs and industrial operators.

Who are Electrovaya’s key customers?

The company serves a broad range of customers, including major OEMs, material handling operators, logistics companies, and various industrial sectors that demand reliable power solutions.

What competitive advantages does Electrovaya have?

Electrovaya’s competitive edge stems from its unique battery technology, strong intellectual property portfolio, and a commitment to rigorous performance and safety standards, setting it apart in a competitive market.

What are the key areas of innovation at Electrovaya?

The company continuously invests in advanced research, including developments in solid state battery technology and enhanced battery system designs, to meet evolving market demands.

What strategic investments is Electrovaya making?

Electrovaya is expanding its manufacturing capacity domestically with a planned gigafactory in the United States, reinforcing its supply chain resilience and ability to meet increasing demand.
Electrovaya

Nasdaq:ELVA

ELVA Rankings

ELVA Stock Data

92.61M
24.69M
39.66%
21.17%
0.22%
Electrical Equipment & Parts
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Canada
Mississauga