Electrovaya Inc.
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in mil. unless spec.Company Description
- CEO
- Rajshekar Das Gupta
- Full Time Employees
- 123
- Sector
- Producer manufacturing
- Industry
- Electrical products
- Address
- 6688 Kitimat Road Mississauga ON Canada L5N 1P8
- IPO Date
- Nov 1, 2000
- Website
- electrovaya.com
- Similar Companies
- Business
- Electrovaya Inc. designs, develops, manufactures, and sells proprietary lithium-ion batteries, battery management systems, and battery-related products primarily for energy storage, clean electric transportation, and specialized heavy-duty applications. Its product portfolio includes Infinity Battery Cells featuring lithium-ion ceramic technology, low voltage battery systems (24V, 36V, 48V) for material handling equipment and automated guided vehicles, high voltage battery systems (400V, 800V) for electric buses, trucks, mining vehicles, and defense applications, as well as airport ground support equipment battery systems and battery energy storage systems. The company operates the Infinity Battery Technology Platform and is advancing solid-state battery technology. Electrovaya serves customers across North America, with operations in Mississauga, Ontario, Canada, and a manufacturing facility in Jamestown, New York, planned as a gigafactory. Founded in 1996 and headquartered in Mississauga, Electrovaya maintains a strong focus on innovation with over 100 patents related to battery architecture, materials, management systems, and manufacturing processes. Recent major company developments include a significant equity financing in November 2025 aimed at accelerating rapid-charging enhancements to the Infinity Battery Platform, targeting markets such as robotics and data centers. The company launched multiple battery system products for new robotic vehicle platforms from three distinct OEM customers in 2025. Electrovaya is also expanding its collaboration with a global defense contractor for various electrification projects and advancing its Jamestown cell manufacturing facility with production expected to start mid-2026, where the facility benefits from tax incentives under the Inflation Reduction Act. Electrovaya reaffirmed its fiscal 2025 revenue guidance to exceed $60 million, driven by strong order pipelines in material handling and other verticals. The company reports consecutive positive adjusted EBITDA and net profits in recent quarters, supported by a second operational shift in Canada and ramp-up of assembly operations in Jamestown. Its strategic focus includes expanding addressable markets through enhanced battery performance, safety, and lifecycle advantages, capitalizing on growth in sectors such as e-commerce, robotics, defense, and electric heavy vehicles. Electrovaya operates within the electrical equipment and parts industry under the industrials sector, targeting commercial and industrial customers that require heavy-duty, long-lasting, and safe lithium-ion battery solutions for demanding applications. The company employs advanced cell and battery system technologies to serve markets including material handling, autonomous guided vehicles, electric buses, mining, defense, and energy storage. Its corporate strategy emphasizes innovation, manufacturing scale-up, and market expansion within North America. Overall, Electrovaya stands as a leading lithium-ion battery technology and manufacturing company with a comprehensive suite of battery products and ongoing initiatives to enhance rapid-charging capabilities and electrification solutions for heavy-duty and specialized markets. The company balances strong operational momentum with strategic investments to support growth in new and existing verticals.
Company News
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