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.
Electrovaya Inc. develops and manufactures lithium-ion battery systems built around its proprietary Infinity Battery Technology for mission-critical industrial, robotics, defense and energy-storage applications. Recurring announcements cover battery systems for material-handling vehicles, including walkie pallet jacks and high-voltage platforms, as well as customer purchase orders through OEM channels and product safety certifications such as UL 2580.
The company also reports quarterly financial results, investor webcasts, annual meeting outcomes and technology-development work for energy-storage uses such as data centers. Its updates describe U.S. manufacturing expansion at its Jamestown, New York site and Canadian activities focused on research, engineering and product commercialization.
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.
Electrovaya (NASDAQ:ELVA), a lithium-ion battery technology and manufacturing company, will release its Q3 2025 financial results on Wednesday, August 13, 2025, after market close. The company will host a conference call at 5:00 PM EST the same day.
The conference call will feature CEO Dr. Raj DasGupta and CFO John Gibson, who will discuss financial results and provide a business update. A replay will be available for two weeks until August 27, 2025.
Electrovaya (NASDAQ:ELVA) has announced the launch of multiple battery system products for robotic vehicle platforms, developed in collaboration with three major OEM partners - two from the USA and one from Japan. The battery systems will serve various applications from material handling to surveillance systems.
The customized solutions feature long run times, extended life expectancy, and rapid wireless charging capabilities designed for 24/7 operations. Initial deliveries to all three OEMs will commence in the current quarter, with commercial deliveries expected to accelerate from FY 2026.
Electrovaya (NASDAQ:ELVA) has secured additional US$4.5 million in purchase orders from a Fortune 100 e-commerce company for its Infinity battery systems. The orders, placed through its OEM sales channel, bring the total demand from this customer to over US$20 million in fiscal 2025.
The Infinity battery systems will power material handling electric vehicles across multiple distribution centers. The customer has now deployed over 2,800 Infinity battery systems across more than 50 distribution centers in three countries spanning two continents. Additional orders are under consideration as part of the customer's continued electrification strategy.
Electrovaya (NASDAQ:ELVA) has achieved UL2580 certification for 448 distinct models of its next-generation lithium-ion battery systems. The certification covers 24V, 36V, and 48V batteries, including systems with their current 47Ah cell and new 54Ah cell, which will be manufactured at their Jamestown, New York facility in 2026.
The next-generation batteries feature improved charge rates, energy density, ergonomics, and overall performance. Notably, these models offer the highest energy densities in the material handling industry. The certification process included rigorous safety testing, including fire propagation, vibration, shock, and short circuit testing.