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. (NASDAQ: ELVA, TSX: ELVA) generates frequent news as a lithium-ion battery technology and manufacturing company focused on its proprietary Infinity Battery Technology. News coverage for ELVA often highlights developments in energy storage, clean electric transportation, heavy duty electric vehicles, industrial equipment, robotics, defense and other mission-critical applications that use the company’s batteries and systems.
On this page, readers can follow Electrovaya news related to financial performance, technology milestones and strategic initiatives. Recent press releases have included record fiscal-year results with the company’s first reported profitable year, updates on revenue growth, and details about equity offerings and credit facilities used to support manufacturing expansion, research and development, and recurring-revenue programs such as energy-as-a-service and aftermarket services.
ELVA news also covers technology and product updates, such as new battery solutions for robotics, airport ground support equipment, stationary energy storage systems and heavy industrial equipment. The company has reported progress on rapid-charging architectures, next-generation ceramic separators and solid-state battery development at its Labs division, as well as certifications and new product platforms for high-intensity applications.
Investors and followers of Electrovaya can also find announcements about the build-out of its Jamestown, New York manufacturing facility, the establishment of Electrovaya Japan to support customers and partners in Japan, and participation in industry and investor conferences. This news feed provides a centralized view of company announcements, allowing users to track how Electrovaya is executing on its manufacturing, commercialization and technology roadmap over time.
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.
Electrovaya (NASDAQ/TSX: ELVA), a lithium-ion battery technology and manufacturing company, held its 2024 Annual General Meeting on March 28th, 2025 in Toronto. All proposed resolutions received shareholder approval.
The shareholders elected six directors to the board with overwhelming support, each receiving over 97% approval votes with less than 3% withheld. The elected directors are Dr. Sankar Das Gupta, Dr. Raj Das Gupta, Dr. James Jacobs, Dr. Carolyn Hansson, Mr. Kartick Kumar, and Mr. Steven Berkenfeld. Additionally, MNP LLP was re-appointed as the company's auditors.
Electrovaya (NASDAQ/TSX: ELVA) has secured a new US$7.3 million purchase order through its OEM sales channel for lithium-ion batteries. The order comes from a Fortune 100 e-commerce company for powering material handling electric vehicles in multiple distribution centers across the United States and Canada.
This follows a previous US$3.5 million order from November 2024, with additional site orders expected later in 2025. The end customer will have over 2,000 Infinity batteries deployed across more than 40 distribution centers in three countries spanning two continents.
Electrovaya (NASDAQ/TSX: ELVA) has secured a US$20 million credit facility from Bank of Montreal (BMO) Corporate Finance, featuring a three-year term and a US$5 million expansion option. The senior secured asset-based lending facility includes:
- Lower interest rates and fees, reducing capital costs
- Support for both US and Canadian operations
- Ancillary credit products for foreign currency hedging and credit cards
- Access to United States Export-Import Bank (EXIM) financing for Jamestown manufacturing investments
The facility aims to strengthen Electrovaya's financial position and support its growth plans in lithium-ion battery technology and manufacturing. According to CEO Dr. Raj Das Gupta, this agreement will improve working capital access while enabling vertical integration of battery manufacturing in the United States.