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Electrovaya (ELVA)

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Recent press releases and 8-K filings for ELVA.

Electrovaya Director Exercises Warrants
ELVA
  • Sankar Das Gupta, a director and Chairman of Electrovaya Inc., exercised 1,420,000 warrants to acquire common shares at an exercise price of $0.90 per share on January 20, 2026.
  • This transaction increased his direct ownership from approximately 21.40% (10,270,751 Common Shares) to approximately 23.66% (11,690,751 Common Shares) of the outstanding Common Shares.
  • Following the exercise, he retains 605,000 options to purchase additional Common Shares.
  • The Acquirer stated the exercise was made as an investment in the Company.
Jan 21, 2026, 7:44 PM
Electrovaya Reports Strong Q4 and Full Year 2025 Results, Projects Over 30% Revenue Growth for 2026
ELVA
Earnings
Guidance Update
New Projects/Investments
  • Electrovaya reported a strong Q4 2025 revenue of $20.5 million, marking a 77% year-over-year increase, and achieved its first full year of profitability with a net profit of $3.4 million for fiscal year 2025.
  • For the full fiscal year 2025, revenue grew 43% to $63.8 million, and adjusted EBITDA increased by 115% to $8.8 million.
  • The company significantly strengthened its balance sheet, ending fiscal year 2025 with $38.5 million in positive net working capital and over $40 million in available liquidity as of the call date, supported by a new $25 million facility from Bank of Montreal, a $51 million Exim loan, and $68 million in equity issuances.
  • Electrovaya projects over 30% revenue growth for fiscal year 2026, with new verticals like robotics, airport ground equipment, stationary energy storage, and defense expected to contribute 10%-15% of total revenue.
  • Construction of the Jamestown lithium-ion cell manufacturing facility is advancing, with $15 million drawn from the Exim loan to date, which is central to the company's strategy for supply chain resilience and margin expansion.
Dec 10, 2025, 10:00 PM
Electrovaya Reports Record Q4 and First Profitable Full Year in Fiscal 2025, Projects Over 30% Revenue Growth for 2026
ELVA
Earnings
Revenue Acceleration/Inflection
New Projects/Investments
  • Electrovaya achieved its first full year of profitability in fiscal 2025, with revenue growing 43% year-over-year to $63.8 million and a net profit of $3.4 million. The fourth quarter of 2025 was the company's strongest ever, reporting $20.5 million in revenue and a net profit of $2 million.
  • The company significantly improved its financial foundation, ending fiscal 2025 with $38.5 million in positive net working capital and a current ratio of 4.82. As of December 10, 2025, Electrovaya has over $40 million in available liquidity, supported by a new $25 million facility from Bank of Montreal, a $51 million direct loan from Exim, and recent equity issuances.
  • Electrovaya is expanding into new market verticals such as robotics, airport ground equipment (GSE), stationary energy storage systems (ESS), and defense applications, which are projected to contribute 10%-15% of revenue in fiscal year 2026. The company expects to exceed 30% revenue growth in fiscal year 2026, with construction of its Jamestown manufacturing facility progressing to support future capacity.
Dec 10, 2025, 10:00 PM
Electrovaya Reports Strong Q4 and Full-Year 2025 Financial Results, Achieves First Full Year Profitability
ELVA
Earnings
Guidance Update
New Projects/Investments
  • Electrovaya reported strong financial results for Q4 and the full fiscal year 2025, with Q4 revenue increasing 77% year-over-year to $20.5 million and full-year revenue growing 43% to $63.8 million. The company achieved its first full year of profitability in its history, with a net profit of $3.4 million for FY 2025 and $2 million for Q4 2025.
  • The company significantly strengthened its financial position, ending FY 2025 with net working capital of $38.5 million and a current ratio of 4.82. It secured a new $25 million facility from Bank of Montreal and a $51 million direct loan from EXIM, with over $15 million drawn as of December 10, 2025, for the Jamestown facility.
  • Electrovaya is expanding into new market verticals such as robotics, airport ground equipment, stationary energy storage, and defense applications, which are projected to contribute 10%-15% of revenue in fiscal 2026. The company expects to exceed 30% revenue growth for fiscal 2026.
  • Construction of the Jamestown lithium-ion cell manufacturing facility is progressing, supporting supply chain resilience and margin expansion. The company is also investing in its technology roadmap, including rapid charging cell development and solid-state battery development.
Dec 10, 2025, 10:00 PM
Electrovaya Discusses Infinity Battery Technology, Financial Performance, and Expansion Plans
ELVA
New Projects/Investments
Revenue Acceleration/Inflection
Product Launch
  • Electrovaya (ELVA) specializes in Infinity battery technology for mission-critical applications, offering enhanced cycle life (up to 15,000 cycles) and safety through a full ceramic separator, currently powering 16 Fortune 100 companies across 300+ warehouse sites.
  • The company has achieved 10 consecutive quarters of positive EBITDA and expects net profit for the full year 2025, with gross margins consistently around 30%.
  • Electrovaya is expanding its manufacturing capacity with a new plant in Jamestown, New York, anticipated to begin cell manufacturing around November 2026, supported by a direct loan from the Exim Bank and eligible for significant tax credits.
  • Recent financing includes a $28 million equity round and a $25 million working capital facility from BMO, bolstering the company's balance sheet.
  • The company is diversifying into new markets such as robotics, airport ground equipment, energy storage, and defense, with robotics expected to generate multimillion revenue in 2026. Q4 revenue was pre-announced at approximately $20 million.
Nov 19, 2025, 9:20 PM
Electrovaya Discusses Battery Technology, Financial Performance, and Growth Strategy
ELVA
Guidance Update
New Projects/Investments
Revenue Acceleration/Inflection
  • Electrovaya (ELVA) is a pioneer in lithium-ion battery technology, known for its Infinity Battery Technology which significantly enhances cycle life (10,000-15,000 cycles) and safety through a full ceramic separator technology. This technology is applied to mission-critical, heavy-use applications like forklifts and robotics.
  • The company has achieved 10 consecutive quarters of positive EBITDA and anticipates being net profitable for the full year 2025. Electrovaya's battery systems are sold at high margins, consistently around 30%, with further improvements expected from domestic manufacturing. The company pre-announced Q4 revenue of approximately $20 million.
  • Electrovaya is expanding its manufacturing footprint with a new plant in Jamestown, New York, anticipating cell manufacturing to start around November 2026. This expansion is supported by a direct loan from EXIM Bank and a recent $28 million equity round.
  • Beyond its core material handling market, Electrovaya is launching products and targeting new segments including robotics (expected multi-million revenue in 2026), airport ground equipment, defense, and energy storage.
Nov 19, 2025, 9:20 PM
Electrovaya Highlights Strong Financial Performance and Strategic Expansion Plans
ELVA
Earnings
New Projects/Investments
Revenue Acceleration/Inflection
  • Electrovaya (ELVA) reported 10 consecutive quarters of positive EBITDA and anticipates net profit for the full year 2025, with pre-announced Q4 revenue of approximately $20 million.
  • The company's Infinity Battery Technology, featuring a full ceramic separator, provides superior safety and extended cycle life (up to 15,000 cycles), targeting mission-critical applications in material handling, robotics, airport ground equipment, energy storage, and defense.
  • Electrovaya is expanding its manufacturing capacity with a new facility in Jamestown, New York, expected to begin cell manufacturing around November 2026, which will also qualify for significant production and investment tax credits.
  • The company maintains strong gross margins of approximately 30% by focusing on performance and technology rather than price, and recently completed a $28 million equity round to support future growth.
Nov 19, 2025, 9:20 PM
Electrovaya Highlights Battery Technology, Financial Performance, and Growth Strategy
ELVA
New Projects/Investments
Revenue Acceleration/Inflection
Product Launch
  • Electrovaya, a lithium-ion battery company, reported 10 consecutive quarters of positive EBITDA and anticipates being net profitable for the full year 2025. The company pre-announced Q4 revenue of approximately $20 million and consistently achieves gross margins around 30%.
  • The company is expanding its manufacturing footprint in Jamestown, New York, with cell manufacturing anticipated to begin around November 2026. This expansion is supported by a direct loan from the EXIM Bank and will be eligible for production tax credits and investment tax credits up to 40%.
  • Electrovaya's Infinity Battery Technology, featuring a full ceramic separator, provides enhanced cycle life (up to 15,000 cycles) and superior safety, targeting mission-critical applications such as material handling, robotics, airport ground equipment, energy storage, and defense.
  • Recent financing includes an equity raise of $28 million and a $25 million working capital facility from BMO, contributing to a healthy balance sheet.
Nov 19, 2025, 9:20 PM
Electrovaya announces closing of US$28.1 million public offering
ELVA
New Projects/Investments
  • Electrovaya Inc. announced the closing of an oversubscribed public offering of common shares on November 6, 2025.
  • The offering generated aggregate gross proceeds of approximately US$28.1 million.
  • A total of 4,700,000 common shares were issued at a price of US$5.20 per common share, which included the full exercise of the overallotment option for an additional 705,000 shares.
  • The company intends to use the net proceeds to invest in energy as a service, next-generation battery and separator research and development, and for working capital and general corporate purposes.
Nov 6, 2025, 4:42 PM
ELVA Announces Pricing of Public Offering
ELVA
New Projects/Investments
  • Electrovaya Inc. announced the pricing of an oversubscribed public offering of 4,700,000 common shares at US$5.20 per share.
  • The offering is expected to generate approximately US$24.4 million in gross proceeds, with the potential to reach US$28.1 million if the underwriters fully exercise their option to purchase an additional 705,000 common shares.
  • Net proceeds from the offering will be allocated to investments in energy as a service, next-generation battery and separator research and development, and for working capital and general corporate purposes.
  • Oppenheimer & Co. Inc. is acting as the sole book-running manager for the offering, which is anticipated to close around November 6, 2025.
Nov 5, 2025, 1:04 PM