New

Electrovaya

The AI engine Fit Assessment

Beta

The company focuses on advanced battery chemistry and develops solutions for commercial fleets, particularly in heavy-duty applications.

Blurb

Electrovaya develops battery technologies designed for increased safety and longer life.

HQ Location

Mississauga (Canada)

Founded

1996

Employees

51 - 200

Total funding raised

$214.47M

Funding Status

Post-IPO Equity, $24.40M, November 5, 2025

Electrovaya Inc. (NASDAQ:ELVA) (TSX:ELVA) is a pioneering leader in the global energy transformation, focused on contributing to the prevention of climate change by supplying safe and long-lasting lithium-ion batteries. The Company has extensive IP and designs, develops and manufactures proprietary lithium-ion batteries and battery systems for energy storage and heavy duty electric vehicles based on its Infinity Battery Technology Platform. This technology offers enhanced safety and industry leading battery longevity. The Company is also developing next generation solid state battery technology at its Labs division. Headquartered in Ontario, Canada, Electrovaya has two operating sites in Canada and has acquired a 52-acre site with a 135,000 square foot manufacturing facility in New York state for its planned gigafactory. To learn more about Electrovaya, please explore www.electrovaya.com.