Craig Irwin

Amit Dayal

Eric Stine

Jeffrey Campbell

Aaron Martin

Daniel Magder

Jeffrey Grampp

Orin Hirschman

Sameer Joshi

- 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]**

Electrovaya Highlights Strong Financial Performance and Capacity Expansion Plans

Electrovaya (ELVA)