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Electrovaya ranked 3rd in Canada's Enterprise-Industry Leaders winners in Deloitte's Technology Fast 50TM program

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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 / TSX:ELVA) si è classificata nella categoria Technology Fast 50 di Deloitte Canada tra gli Enterprise‑Industry Leaders il 24 ottobre 2025, riportando una crescita triennale del 383%.

La categoria Enterprise è riservata alle aziende con un fatturato minimo di 50 milioni di CAD nel 2024 (e almeno 10 milioni di CAD nel 2021); questa è la terza partecipazione consecutiva di Electrovaya al Fast 50 e il suo primo inserimento nella categoria Enterprise.

Secondo la direzione la crescita è attribuibile all'avvio precoce della commercializzazione e alla crescente adozione della sua Infinity Battery nei settori della logistica/movimentazione, robotica, difesa e infrastrutture di data center AI.

Electrovaya (NASDAQ:ELVA / TSX:ELVA) se ubicó en lugar en los Technology Fast 50 de Deloitte Canadá entre los líderes Enterprise‑Industry el 24 de octubre de 2025, reportando un crecimiento trienal del 383%.

La categoría Enterprise está limitada a empresas con ingresos mínimos de 50 millones de CAD en 2024 (y al menos 10 millones de CAD en 2021); este es el tercer año consecutivo de Electrovaya en el Fast 50 y su primera inclusión en la categoría Enterprise.

La dirección atribuye el crecimiento a la comercialización temprana y a la creciente adopción de su Infinity Battery en manejo de materiales, robótica, defensa y la infraestructura de centros de datos de IA.

Electrovaya (NASDAQ:ELVA / TSX:ELVA)는 2025년 10월 24일 Deloitte Canada의 Technology Fast 50Enterprise‑Industry Leaders 부문에서 3위를 차지했고, 3년 동안의 성장률 383%를 보고했습니다.

Enterprise 카테고리는 2024년 매출이 최소 5천만 CAD이고 2021년에는 최소 1천만 CAD를 충족하는 기업으로 한정되며; 이번이 Electrovaya의 Fast 50 세 번째 연속 진출이자 Enterprise 카테고리의 첫 진입입니다.

경영진은 초기 상용화와 Infinity Battery의 채택 증가가 물류·로보틱스·방위 및 AI 데이터 센터 인프라에 걸친 성장의 원인이라고 설명합니다.

Electrovaya (NASDAQ:ELVA / TSX:ELVA) s’est classée 3e dans les Technology Fast 50 de Deloitte Canada parmi les leaders Enterprise‑Industry le 24 octobre 2025, affichant une croissance triennale de 383%.

La catégorie Enterprise est limitée aux entreprises ayant un chiffre d’affaires minimum de 50 millions CAD en 2024 (et au moins 10 millions CAD en 2021); c’est la troisième année consécutive d’Electrovaya au Fast 50 et sa première inclusion dans la catégorie Enterprise.

La direction attribue cette croissance à une commercialisation précoce et à l’adoption croissante de sa Infinity Battery dans les domaines de la manutention, de la robotique, de la défense et des infrastructures AI des centres de données.

Electrovaya (NASDAQ:ELVA / TSX:ELVA) belegte am 24. Oktober 2025 den 3. Platz unter den Technology Fast 50 Enterprise‑Industry Leaders von Deloitte Canada und meldete ein dreijähriges Wachstum von 383%.

Die Enterprise-Kategorie ist auf Unternehmen mit einem Umsatz von mindestens 50 Millionen CAD im Jahr 2024 (und mindestens 10 Millionen CAD im Jahr 2021) beschränkt; dies ist Electrovayas drittes aufeinanderfolgendes Jahr in den Fast 50 und die erste Aufnahme in der Enterprise‑Kategorie.

Das Management führt das Wachstum auf eine frühzeitige Kommerzialisierung und eine zunehmende Akzeptanz der Infinity Battery in den Bereichen Materialumschlag, Robotik, Verteidigung und KI-Rechenzentrumsinfrastruktur zurück.

إلكتروڤيا (NASDAQ:ELVA / TSX:ELVA) رتبت في المركز 3 ضمن Technology Fast 50 لمكتب Deloitte Canada لقيادات Enterprise‑Industry في 24 أكتوبر 2025، مع الإبلاغ عن نمو على مدى 3 سنوات قدره 383%.

تقتصر فئة Enterprise على الشركات ذات إيرادات لا تقل عن 50 مليون دولار كندي في 2024 (وبحد أدنى 10 ملايين دولار كندي في 2021)؛ وهذه هي السنة الثالثة لشركة Electrovaya ضمن Fast 50 ومشاركتها الأولى في فئة Enterprise.

تُرجع الإدارة النمو إلى بدء التسويق المبكر وتزايد الاعتماد على بطارياتها Infinity Battery عبر مناولة المواد والروبوتات والدفاع وبنية مراكز البيانات الذكية.

Electrovaya (NASDAQ:ELVA / TSX:ELVA)在多伦多德勤加拿大的 Technology Fast 50 企业‑行业领袖榜中于 第3位 排名,日期为 2025 年 10 月 24 日,报告的 三年增长率为383%

企业类目仅限于在 2024 年实现最低 5,000 万加元收入(且在 2021 年至少 1,000 万加元)的公司;这是 Electrovaya 连续第三年入围 Fast 50,也是首次进入企业类目。

管理层将增长归因于早期商业化和其 Infinity Battery 在物料搬运、机器人、国防以及 AI 数据中心基础设施中的日益采用。

Positive
  • 3‑year growth of 383% (ranked 3rd)
  • First inclusion in Deloitte's Enterprise category
  • Recognized for third consecutive year on Technology Fast 50
  • Commercial traction for Infinity Battery across 4 sectors
Negative
  • Infinity Battery is still in early stages of commercialization

Electrovaya's 3 year growth percentage of 383%, ranking 3rd in the Enterprise-Industry Leaders category that is limited to enterprise-level companies with a minimum of C$50 million in revenue

TORONTO, ON / ACCESS Newswire / October 24, 2025 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, is honored to be the Enterprise Industry Leaders winners in Deloitte's Technology Fast 50TM program. The award recognizes the fastest-growing enterprise-level technology, media, and telecommunications companies by revenue growth percentage over their last four years of operation. This category is open to companies that recorded a minimum revenue of $10 million in 2021 and $50 million in 2024.

"We are honored to be recognized by Deloitte for the third consecutive year, and pleased to mark our first inclusion in the Enterprise category. This recognition reflects our strong growth, driven by increasing adoption of Electrovaya's Infinity Battery technology - an industry-leading innovation that delivers substantial improvements in safety and longevity, two key performance metrics for mission-critical electrified applications. Still in the early stages of commercialization, this technology is garnering growing interest from sectors including material handling, robotics, defense, and AI datacenter infrastructure," said Dr. Raj DasGupta, CEO of Electrovaya.

The Enterprise-Industry Leaders exemplify the enduring strength and proven success of Canada's business landscape," said Amanda Perran, National Technology Fast 50 program co-leader at Deloitte Canada. "With a longstanding track record of achievement and resilience, they continue to set the standard for excellence, driving sustainable growth and inspiring progress across Canadian technology enterprise."

"These distinguished companies have consistently demonstrated leadership and innovation at the highest level within their industries," added Brendan Cooper, National Technology Fast 50 program co-leader at Deloitte Canada. "Their sustained commitment to excellence and their ability to adapt in an evolving market are driving meaningful change, both within their organizations and across Canada's technology sector. Their achievements serve as inspiring examples of how established Canadian businesses are shaping a successful and dynamic future."

About the Deloitte Technology Fast 50 program

The Technology Fast 50 program is Canada's pre-eminent technology awards program. It recognizes business growth, innovation, and entrepreneurship in three distinct categories: Technology Fast 50, Enterprise-Industry Leaders, and Companies-to-Watch. The program also recognizes thriving technology companies in the United States and Canada in partnership with the North American Technology Fast 500 program Program sponsors for 2025 include RBC, Osler, EDC, CCI, TMX, Lafond and The Globe and Mail. For more information, visit www.fast50.ca.

Investor and Media Contact :         

Jason Roy
VP, Corporate Development and Investor Relations
Electrovaya Inc.
905-855-4618 / jroy@electrovaya.com

About Electrovaya Inc.

Electrovaya Inc. (NASDAQ:ELVA)(TSX:ELVA) is a pioneering leader in the global energy transformation, focused on contributing to the prevention of climate change by supplying safe and long-lasting lithium-ion batteries. The Company has extensive IP and designs, develops and manufactures proprietary lithium-ion batteries and battery systems for energy storage and heavy duty electric vehicles based on its Infinity Battery Technology Platform. This technology offers enhanced safety and industry leading battery longevity. The Company is also developing next generation solid state battery technology at its Labs division. Headquartered in Ontario, Canada, Electrovaya has two operating sites in Canada and has acquired a 52-acre site with a 135,000 square foot manufacturing facility in New York state for its planned gigafactory. To learn more about Electrovaya, please explore www.electrovaya.com.

SOURCE: Electrovaya, Inc.



View the original press release on ACCESS Newswire

FAQ

What did Electrovaya (ELVA) announce on October 24, 2025?

Electrovaya announced it ranked 3rd in Deloitte Canada's Technology Fast 50 Enterprise‑Industry Leaders with 3‑year growth of 383%.

What growth metric earned ELVA a top ranking in Deloitte's Fast 50?

Electrovaya reported a 3‑year revenue growth of 383%, which placed it 3rd in the Enterprise category.

Why is Electrovaya listed in Deloitte's Enterprise category for ELVA?

The Enterprise category requires at least C$10M revenue in 2021 and C$50M in 2024, criteria Electrovaya met for inclusion.

How does Electrovaya say the Infinity Battery is being adopted for ELVA investors?

Management cites growing adoption of the Infinity Battery in material handling, robotics, defense, and AI datacenter infrastructure.

Does the Deloitte recognition indicate full commercialization for ELVA's products?

No; the company notes the Infinity Battery is still in the early stages of commercialization despite growing interest.
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