Electrovaya Stock Price, News & Analysis

Electrovaya Inc. (Nasdaq:ELVA)(TSX:ELVA), a lithium-ion battery technology and manufacturing company, has announced an upcoming investor webcast scheduled for June 3, 2025, at 2:00 PM EDT. The presentation will be led by CEO Dr. Raj DasGupta and CFO John Gibson, who will discuss key aspects of Electrovaya's business, including corporate strategy, business model, and industry-leading technology. The event will include an interactive Q&A session where investors can ask questions through a dedicated portal.

Electrovaya (NASDAQ:ELVA) reported strong Q2 FY2025 financial results with revenue increasing 40% year-over-year to $15.0 million. The company achieved a net profit of $0.8 million ($0.02 EPS) compared to a loss in the prior year, marking its eighth consecutive quarter of positive Adjusted EBITDA at $2.0 million. Gross margins remained robust at 31.1%.

Key developments include securing a $51 million direct loan from EXIM and a $20 million working capital facility from BMO. The company has commenced battery system assembly at its Jamestown facility and placed over $40 million in capital equipment orders. Electrovaya received more than $25 million in orders during the quarter and reaffirmed its FY2025 revenue guidance exceeding $60 million.

Electrovaya Inc. (NASDAQ:ELVA) has initiated battery system assembly operations at its Jamestown, New York facility. The company has ordered over $40 million in capital equipment, funded through a $51 million direct loan from the Export Import Bank of the United States, to prepare for lithium ion cell and module production starting in mid-2026.

Equipment delivery will begin in late 2025, with full commercial production of lithium ion cells and modules scheduled for mid-2026. The company aims to establish itself as a leading domestic lithium ion battery manufacturer in the United States, with the Jamestown facility playing a crucial role in meeting growing demand for Electrovaya's battery systems.

Electrovaya has been awarded the Make More in America Deal of the Year Award at the Export-Import Bank of the United States' (EXIM) 2025 Annual Conference. The recognition comes for their commitment to bringing lithium-ion battery manufacturing to the U.S.

The company received a $51 million direct loan from EXIM in November 2024 to support their Jamestown, New York facility's construction and equipment procurement. This expansion will:

• Support approximately 290 U.S. jobs
• Reshore critical production from overseas competitors
• Enable battery cell and module production previously made in China

CEO Raj DasGupta highlighted strong interest in U.S.-manufactured products and plans for rapid production scaling. The project aligns with EXIM's China and Transformational Exports Program, supporting domestic manufacturing and economic security.

Electrovaya Inc. (NASDAQ/TSX: ELVA), a lithium-ion battery technology and manufacturing company, will release its second quarter financial results for the period ending March 31, 2025, after market close on May 14, 2025.

The company will host a conference call at 5:00 p.m. EST on the same day, featuring CEO Dr. Raj DasGupta and CFO John Gibson, who will discuss financial results and provide a business update. A replay of the call will be available for two weeks from May 14 through May 28, 2025.

Electrovaya Inc. (NASDAQ/TSX: ELVA), a lithium-ion battery technology and manufacturing company, will exhibit at the Advanced Clean Transportation (ACT) Expo 2025 from April 28-30 at the Anaheim Convention Center. At Booth #3421, the company will showcase its latest battery cells, modules, and systems that will be manufactured at its gigafactory in Jamestown, New York.

The company's battery products focus on mission-critical and heavy-duty applications, leveraging proprietary technology advantages in longevity and safety. Dr. Trevor Grant from Electrovaya will participate in the Battery Tech Workshop, discussing performance, lifespan, and cost-effectiveness in electric vehicles (EVs), including various battery chemistries used in EVs.

Electrovaya Inc. (NASDAQ/TSX: ELVA), a lithium-ion battery technology and manufacturing company, has appointed Prof. Donald R. Sadoway to its Board of Directors. Sadoway, Professor of Materials Chemistry Emeritus at MIT's Department of Materials Science and Engineering, brings extensive expertise in battery technology and materials science.

Prof. Sadoway, named one of Time magazine's 100 Most Influential People in 2012, has authored over 180 scientific papers and holds 42 U.S. patents. His research focuses on batteries for grid-scale storage and electric vehicles, as well as environmentally sound metals extraction technologies. He is a co-founder of six companies including Ambri, Boston Metal, and Pure Lithium.

Electrovaya (NASDAQ/TSX: ELVA) announced its CEO Dr. Raj DasGupta will participate in a panel discussion on Strengthening Domestic Manufacturing at the Export-Import Bank of the United States (EXIM) 2025 Annual Conference in Washington DC on April 29-30.

The company recently secured a US$50.8 million direct loan from EXIM under the 'Make More in America' initiative to fund its battery manufacturing expansion in Jamestown, New York. The facility will produce Electrovaya's proprietary Infinity lithium-ion ceramic cells, known for their longevity and safety, responding to rapidly increasing demand from heavy duty and mission critical electrified applications.

Electrovaya (NASDAQ:ELVA) has secured a new US$8.7 million purchase order from a Fortune 500 retailer for lithium-ion batteries to power material handling electric vehicles across three warehouse sites. This follows a US$4.1 million order received in December 2024 for two distribution centers from the same customer.

The Fortune 500 retailer has been one of Electrovaya's largest battery users since 2022, with nearly 1,500 batteries currently in operation. The customer plans to continue its fleet conversion strategy with additional distribution centers scheduled for battery replacement in 2025 and 2026.