Craig Irwin

Amit Dayal

Eric Stine

Jeffrey Campbell

Aaron Martin

Daniel Magder

Jeffrey Grampp

Orin Hirschman

Sameer Joshi

- **Electrovaya Inc. (ELVA) commenced drawdowns on its $50.8 million Export-Import Bank of the United States (EXIM) debt Facility**, which will fund capital and engineering expenses for its Jamestown, NY manufacturing site.  **[1844450_0001654954-25-011473_elva_ex991.htm:0]** 
- The EXIM Facility has a **fixed interest rate of 4.90%** and a **6.5-year term**, with repayments structured to include an initial 6 months of no payments, followed by 12 months of interest-only payments, and then 60 months of interest and principal payments.  **[1844450_0001654954-25-011473_elva_ex991.htm:0]** 
- The company continues to advance its **Jamestown battery manufacturing site construction**, having completed design reviews of assembly processes and equipment, as well as initial engineering, site, and building planning stages.  **[1844450_0001654954-25-011473_elva_ex991.htm:0]** 
- In personnel updates, **Marvin Lee was appointed as a senior engineering lead** to support manufacturing setup in Jamestown, while **Prof. Donald Sadoway resigned from the Board of Directors** due to a potential conflict of interest.  **[1844450_0001654954-25-011473_elva_ex991.htm:0]**

Electrovaya Commences EXIM Loan Drawdown and Provides Business Update

- Electrovaya Inc. announced estimated preliminary unaudited revenue for **Q4 FY2025** exceeding **$20 million**, representing approximately **72% year-over-year growth**, and **Full Year FY2025** revenue of approximately **$64 million**, representing approximately **43% year-over-year growth**.  **[1844450_0001654954-25-011469_elva_ex991.htm:0]** 
- These preliminary results indicate **record quarterly and annual revenue**, surpassing internal guidance by **over 5%**.  **[1844450_0001654954-25-011469_elva_ex991.htm:0]** 
- Q4 FY2025 revenue was primarily derived from material handling battery systems, with initial deliveries of robotic battery products and battery modules for a major construction vehicle OEM also contributing.  **[1844450_0001654954-25-011469_elva_ex991.htm:0]** 
- The company anticipates releasing its full audited financial statements for fiscal 2025 in the **first half of December 2025**.  **[1844450_0001654954-25-011469_elva_ex991.htm:0]**

Electrovaya Announces Preliminary Unaudited Q4 and Full Year FY2025 Revenues

- Electrovaya (ELVA) has achieved **nine consecutive quarters of positive EBITDA** and recent net profitability, with growing revenue and profitability, exceeding its **$50 million trailing 12-month break-even rate**.  **[1844450_2162805_1]** **[1844450_2162805_5]** 
- The company differentiates itself with proprietary ceramic separator technology, offering **significantly improved safety** (demonstrated by a perfect safety record in over **30,000 battery systems**) and **exceptional longevity** through its Infinity technology, providing **8,000-10,000 cycles** compared to typical lithium-ion batteries.  **[1844450_2162805_1]** **[1844450_2162805_3]** 
- Electrovaya is expanding its manufacturing capacity by **tripling production** at its new 52-acre Jamestown, New York facility, which is funded by a direct loan from the Export-Import Bank of the United States and eligible for **45X production tax credits**.  **[1844450_2162805_1]** **[1844450_2162805_4]** 
- The company targets heavy-duty, mission-critical applications such as material handling, robotics, defense, and energy storage, leveraging partnerships with leading OEMs like **Toyota Material Handling** and **Sumitomo Corporation**.  **[1844450_2162805_1]** **[1844450_2162805_2]** **[1844450_2162805_4]**

Electrovaya Highlights Strong Financial Performance and Manufacturing Expansion at Investor Conference

- Electrovaya Inc. (ELVA) is a lithium-ion battery technology and manufacturing company that has achieved **two consecutive quarters of net profits** and **nine consecutive quarters of positive adjusted EBITDA**.  **[1844450_tx_375158_1]**  The company is growing at an annualized rate of approximately **40%** and expects to exceed **$60 million** in revenue for the fiscal year ending September 30.  **[1844450_tx_375158_1]** **[1844450_tx_375158_5]** 
- The company differentiates itself with its lithium-ion batteries that offer the **longest cycle life** (over **10,000 cycles**) and **best safety** in the industry, attributed to its **90% ceramic separator technology**.  **[1844450_tx_375158_1]** **[1844450_tx_375158_3]** **[1844450_tx_375158_4]**  This technology allows Electrovaya to achieve some of the strongest **gross margins** in the battery space.  **[1844450_tx_375158_2]** 
- Electrovaya is expanding its production footprint at its **Jamestown, New York** site, which will **triple its capacity** and begin manufacturing American-made lithium-ion cells next year.  **[1844450_tx_375158_1]** **[1844450_tx_375158_5]**  This expansion is supported by a **$51 million loan from Exim** and a **$25 million working capital facility from BMO Harris**.  **[1844450_tx_375158_5]** 
- While material handling remains its largest market, Electrovaya is expanding into new verticals such as **defense**, **robotics**, and **energy storage** for critical applications, leveraging its technology's performance differentiation.  **[1844450_tx_375158_2]**