Electrovaya Stock Price, News & Analysis

Electrovaya (NASDAQ:ELVA, TSX:ELVA) announced a proposed underwritten public offering of common shares on November 4, 2025. The Company said it may grant underwriters a 30‑day option to purchase up to an additional 15% overallotment. The U.S. shelf registration was declared effective September 25, 2024 and the Canada base shelf is dated September 17, 2024; prospectus supplements will be available within two business days on SEC and SEDAR+.

The company intends to use net proceeds for energy-as-a-service, next‑generation battery and separator R&D, and working capital. Oppenheimer is sole book‑running manager and Raymond James is lead manager. Closing is subject to customary conditions, including TSX and NASDAQ listing approvals; final size and price will be set at pricing.

Electrovaya (NASDAQ:ELVA) announced the formation of a Japanese subsidiary, Electrovaya Japan, on October 31, 2025 to expand commercial activities and support a growing customer base and strategic partners in Japan.

The local entity will facilitate customer support, technical integration, and business development for Electrovaya's Infinity Battery Technology, and is positioned to deepen relationships with Japanese OEMs and target robotics, heavy industrial equipment, and energy-storage applications.

Electrovaya (NASDAQ:ELVA / TSX:ELVA) ranked 3rd in Deloitte Canada's Technology Fast 50 Enterprise‑Industry Leaders on October 24, 2025, reporting a 3‑year growth of 383%.

The Enterprise category is limited to companies with minimum revenue of C$50 million in 2024 (and at least C$10 million in 2021); this is Electrovaya's third consecutive year on the Fast 50 and its first inclusion in the Enterprise category.

Management attributes growth to early commercialization and rising adoption of its Infinity Battery across material handling, robotics, defense, and AI datacenter infrastructure.

Electrovaya (Nasdaq:ELVA) announced preliminary unaudited revenue estimates of >$20 million for Q4 FY2025 and ~$64 million for FY2025, both records. The company reported ~72% year‑over‑year growth for the quarter and ~43% annual growth versus the prior year. Q4 revenue was driven mainly by battery systems for material handling, plus battery module deliveries to a major construction vehicle OEM in Japan and robotic application customers. Electrovaya expects audited FY2025 financial statements in the first half of December 2025 and cautioned the preliminary results are subject to audit adjustments and may change.

Electrovaya (NASDAQ:ELVA) has initiated drawdowns on its $50.8 million EXIM debt facility for its Jamestown, NY battery manufacturing facility. The facility features a 4.90% fixed interest rate with a 6.5-year term, including 6 months without payments, followed by 12 months of interest-only payments.

The company reports progress in its Jamestown site construction, including completed design reviews of assembly processes and equipment customized for Electrovaya's Infinity lithium-ion technology. Additionally, Marvin Lee, a senior engineering executive with 25+ years of experience from GM, Renault, and LG Energy Solution, has joined to support manufacturing operations.

The company is expanding its engineering team in Jamestown, while Prof. Donald Sadoway has stepped down from the Board due to potential conflicts of interest.

Electrovaya (NASDAQ:ELVA) has announced the commercial launch of its next-generation Energy Storage Systems (ESS) featuring proprietary Infinity Technology. The systems will be manufactured at their vertically integrated facility in Jamestown, New York, offering over 2MWh of storage capacity in a 20' containerized format.

The ESS products deliver industry-leading cycle life, enhanced safety features, and lower lifecycle costs. Being manufactured in the USA, the systems are expected to qualify for 30-40% Investment Tax Credits under the One Big Beautiful Bill Act. Initial deployments are scheduled for 2026, with larger-scale deliveries planned for 2027.

Electrovaya (NASDAQ:ELVA) has successfully delivered its first custom battery modules to a Japanese construction equipment OEM. The new modules feature a 51Ah cell format with Electrovaya's proprietary Infinity technologies, designed to enhance safety and cycle life performance. The 1.5 kWh modules have received UN38.3 certification from TÜV SÜD.

The company's upcoming Jamestown, New York manufacturing facility will be equipped to produce both the new 51Ah cell format and their existing 54Ah format, responding to anticipated market demand. This development strengthens Electrovaya's position in the industrial and heavy-duty vehicle market, with further opportunities expected in Japan through Sumitomo Corporation Power and Mobility.

Electrovaya (NASDAQ:ELVA) reported strong Q3 FY2025 results with revenue increasing 67% year-over-year to $17.1M. The company achieved its ninth consecutive quarter of positive Adjusted EBITDA, which grew 387% to $2.9M, representing 17% of revenue. Net profit reached $0.9M with EPS of $0.02.

The company secured over $21M in new orders during Q3, bringing the nine-month total to $66M. Operational highlights include expanded manufacturing capacity with a second production shift in Mississauga and new assembly operations in Jamestown, NY. Electrovaya is diversifying into new markets including robotics, airport ground equipment, Class 8 trucks, and defense applications.

Management reaffirmed fiscal 2025 revenue guidance to exceed $60M, supported by strong order pipeline and maintained robust gross margins of 30.8%.

Electrovaya (NASDAQ:ELVA) has announced the launch of multiple battery system products for airport ground support equipment (GSE), with first deliveries scheduled for August 2025 to a major USA-based OEM supplier. The battery systems, featuring Electrovaya's proprietary Infinity lithium-ion technology, are designed for various GSE applications including airplane tuggers, baggage tractors, belt loaders, and cargo loaders.

The company's battery systems offer enhanced safety features, industry-leading cycle life, and robust performance in extreme weather conditions. Electrovaya will showcase these new GSE battery systems at the International GSE Expo in Las Vegas from September 16-18, 2025, at Booth #4103.