Electrovaya Inc. (TSX: EFL) develops and manufactures advanced lithium-ion batteries for energy storage and industrial applications. The company offers high-power lithium-ion batteries under its proprietary Dominions and Supremacy brands; solid-state battery prototypes; and battery management systems for electric vehicles, material handling equipment, and uninterruptible power supplies. Electrovaya serves industrial customers in electric forklifts, drones, and grid storage, with manufacturing facilities in Canada and operations spanning North America, Europe, and Asia; founded in 1996 and headquartered in Mississauga, Ontario.
In the past two years, Electrovaya expanded its production capacity through a new Supremacy battery gigafactory in Ontario; secured strategic partnerships with material handling leaders like Hyster-Yale for next-generation electric forklifts; and launched solid-state battery technology initiatives targeting electric aviation and heavy-duty vehicles. The company raised capital via public offerings and convertible debentures to fund these expansions, positioning it for growth in the EV and renewable energy sectors without major acquisitions or name changes reported.