Electrovaya Inc. is a North American manufacturer of lithium-ion battery technology, specializing in advanced energy storage solutions. Founded in 1996, the company has established itself as an industry leader through its innovative battery designs and manufacturing processes. Listed on both NASDAQ and Toronto Stock Exchange under the symbol ELVA, Electrovaya creates sustainable energy solutions for various sectors, including industrial vehicles, energy storage systems, and transportation. The company’s commitment to safety and efficiency is demonstrated through its proprietary Infinity Battery Technology, which has been validated for over 3 million miles of potential life.
Battery Technology
Electrovaya’s primary innovation is the Infinity Battery Technology Platform, which combines advanced materials and sophisticated design principles to deliver exceptional performance and longevity. Their batteries incorporate ceramic composite cell separator materials, enhancing both safety features and operational efficiency. The company’s technology portfolio includes solid-state battery development, utilizing lithium metal anodes and high-performance NMC cathodes.
The manufacturing process integrates proprietary techniques that optimize cell production for high-temperature operations. Their battery systems are UL certified and designed specifically for demanding applications. Electrovaya’s research and development efforts have resulted in over 100 patents, demonstrating their technical expertise in energy storage solutions.
The company’s battery management systems are engineered to maximize performance while maintaining strict safety standards. Each battery system undergoes rigorous testing protocols to ensure reliability in various environmental conditions, making them suitable for industrial and commercial applications where consistent performance is essential.
Recent Projects
In 2024, Electrovaya initiated development of its Jamestown, NY gigafactory, scheduled to begin battery assembly operations by Q2 2025. The facility represents a significant expansion of North American manufacturing capabilities and is expected to create over 250 jobs.
The company secured a $50.8 million loan from the Export-Import Bank of the United States to fund equipment and engineering setup at the Ellicott gigafactory. This facility will produce proprietary Infinity lithium-ion ceramic cells, strengthening Electrovaya’s position in the domestic battery market.
Investors
Electrovaya maintains public listings on both the NASDAQ and Toronto Stock Exchange (Symbol: ELVA). The Export-Import Bank of the United States has provided significant financial backing through their “Make More in America” initiative. The company has also received support from state and local incentives for its manufacturing expansion in New York.
Business Details
Location: Mississauga, Ontario, Canada
Website: https://electrovaya.com
LinkedIn: https://www.linkedin.com/company/51674