Electrovaya Inc.

Company Overview

Electrovaya Inc. and its subsidiaries design, develop, manufacture and market lithium-ion batteries, battery systems and battery-related products for the transportation, smart grid power, consumer, healthcare, aerospace and defense markets. It develops portable power technology products using its Lithium Ion SuperPolymer technology.Electrovaya produces lithium-ion batteries for electric vehicles and grid storage.

The company offers battery systems for plug-in hybrid electric vehicles, electric vehicles and two-wheel vehicles, and for commercial truck and off-road applications, the PowerPad series of batteries for mobile computing and communication applications and Scribble Tablet PC products for the healthcare industry. It also provides cells and battery modules; intelligent battery management systems for automotive, utility-scale and other integrated systems and Separion, a ceramic composite separator for ultra-safe lithium-ion battery applications. One strong selling point of Electrovayais is its non-toxic manufacturing process. The company was formerly known as Electrofuel Inc. and changed its name to Electrovaya Inc. in March 2002. Electrovaya Inc. was founded in 1996 and is headquartered in Mississauga, Canada.

Financial Highlights (FY 2024)

Company's Business Segments

• Large Format Batteries : This segment includes Extensive IP, Designs, Develops, Manufactures proprietary Lithium-ion Batteries, Battery Systems for Energy Storage, Heavy Duty Electric Vehicles based on its Infinity Battery Technology Platform.
• Other : This segment includes the remaining smaller product line categorized as Other.