TORONTO, ONTARIO / ACCESS Newswire / February 5, 2026 / Electrovaya Inc. (Nasdaq:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, announces that it will file and release its first quarter ending December 31, 2025, following the market close on Thursday, February 12, 2026. This will be followed by a conference call and webcast at 5:00 p.m. EST on the same day, presented by CEO, Dr. Raj DasGupta and CFO, John Gibson to discuss the financial results and provide a business update.
To help ensure that the conference begins in a timely manner, please dial in 10 minutes prior to the start of the call.
For those unable to participate in the conference call, a replay will be available for two weeks beginning on February 12, 2026, through February 26, 2026. To access the replay, the dial-in number is 877-481-4010 and 919-882-2331. The replay passcode is 53605.
Investor and Media Contact:
Jason Roy VP, Corporate Development and Investor Relations Electrovaya Inc. jroy@electrovaya.com / 905-855-4618
About Electrovaya Inc.
Electrovaya Inc. (NASDAQ:ELVA)(TSX:ELVA) is a technology-driven lithium-ion battery company commercializing its proprietary Infinity Battery Technology, designed for superior safety, longevity, and performance in mission-critical industrial, robotics, defense and energy-storage applications. The Company leverages a strong intellectual-property portfolio and advanced materials expertise to deliver durable, high-value battery solutions to global OEMs and end users. To support growing demand and advancing energy-security and national-security objectives, Electrovaya is expanding U.S. manufacturing through its 52-acre Jamestown, New York site, which includes a 137,000-square-foot facility planned as its first gigafactory. Electrovaya also operates two Canadian sites focused on research, engineering, and product commercialization. For more information, please visit www.electrovaya.com.
TORONTO, ONTARIO / ACCESS Newswire / January 20, 2026 / Electrovaya Inc. (Nasdaq:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, announces that Dr. Sankar Das Gupta (the “Acquirer“), a director and Chairman of the Board of Directors of Electrovaya Inc. (“Electrovaya“) exercised 1,420,000 warrants (“Warrants“) to purchase common shares (each, a “Common Share“) at an exercise price of $0.90 per Common Share, acquiring an equivalent number of Common Shares on the exercise.
Immediately prior to the exercise, the Acquirer owned 10,270,751 Common Shares on a non-diluted basis, representing approximately 21.40% of the outstanding Common Shares, 605,000 options entitling the Acquirer to purchase an additional 605,000 Common Shares, and 1,420,000 Warrants entitling the Acquirer to purchase an additional 1,420,000 Common Shares. If the Acquirer were to have exercised all options and Warrants held, and assuming no other new issuances of Common Shares at or prior to such exercise, the Acquirer would have owned an aggregate of 12,295,751 Common Shares, representing approximately 24.58% of the then outstanding Common Shares.
Following the exercise, the Acquirer owns 11,690,751 Common Shares on a non-diluted basis, representing approximately 23.66% of the outstanding Common Shares, and 605,000 options to purchase Common Shares, entitling the Acquirer to purchase an additional 605,000 Common Shares. If the Acquirer were to exercise all his remaining options, and assuming no other new issuances of Common Shares at or prior to such exercise, the Acquirer would own an aggregate of 12,295,751 Common Shares, representing approximately 24.58% of the then outstanding Common Shares.
The Acquirer exercised the Warrants as an investment in the Company in consideration of the current market price of the Common Shares and the exercise price and expiry date of the Warrants. The Acquirer may, from time to time in the future, increase or decrease direct or indirect ownership, control or direction over the Common Shares, Warrants or other securities of Electrovaya through market transactions, private agreements, subscriptions from treasury or otherwise, subject to applicable securities laws. The Acquiror has no present plans or intentions which relate to or would result in any of the transactions or circumstances identified in Item 5 of Form 62-103F1 – Required Disclosure under the Early Warning Requirements.
Electrovaya’s head office is located at 6688 Kitimat Road, Mississauga, Ontario, L5N 1P8.
For further information, including with respect to obtaining a copy of the corresponding report filed with Canadian securities regulators, contact:
Investor and Media Contact:
Jason Roy VP, Corporate Development and Investor Relations Electrovaya Inc. jroy@electrovaya.com / 905-855-4618
About Electrovaya Inc.
Electrovaya Inc. (NASDAQ:ELVA)(TSX:ELVA) is a technology-driven lithium-ion battery company commercializing its proprietary Infinity Battery Technology, designed for superior safety, longevity, and performance in mission-critical industrial, robotics, defense and energy-storage applications. The Company leverages a strong intellectual-property portfolio and advanced materials expertise to deliver durable, high-value battery solutions to global OEMs and end users. To support growing demand and advancing energy-security and national-security objectives, Electrovaya is expanding U.S. manufacturing through its 52-acre Jamestown, New York site, which includes a 137,000-square-foot facility planned as its first gigafactory. Electrovaya also operates two Canadian sites focused on research, engineering, and product commercialization. For more information, please visit www.electrovaya.com.
First Profitable Year Achieved with Record Revenue of $63.8M up 43% YoY; Adjusted EBITDA 1 of $8.8M, Up 115% YoY, and Net Profit of $3.3M ($0.09/share)
Strengthened Balance Sheet Through Strong Operational Performance, Equity Issuances and Expanded Financial Flexibility via new $25M BMO and $51M EXIM Facilities
New Product Launches in Robotics, GSE and Energy Storage; Jamestown Manufacturing Buildout Advancing; Commercial Shipments Expanding
TORONTO, ON / ACCESS Newswire / December 10, 2025 / Electrovaya Inc. (“Electrovaya” or the “Company”) (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, today reported its financial results for the fourth quarter and fiscal year ended September 30, 2025 (“Q4 2025” & “FY 2025”, respectively). All dollar amounts are in U.S. dollars unless otherwise noted.
Financial Highlights:
Revenue for FY 2025 was $63.8 million, compared to $44.6 million in the fiscal year ended September 30, 2024 (“FY 2024”). An increase of $19.2 million or 43% year over year.
Revenue for Q4 2025 was $20.5 million compared to $11.6 million in Q4 2024, an increase of $8.9 million or 77.5%.
Gross margin was 30.8% in FY 2025, remaining in line with FY 2024. Battery system margins remained strong at 30.9% for the fiscal year.
Adjusted EBITDA1 was $8.8 million, a significant improvement of $4.7 million compared to $4.1 million in FY 2024, an increase of $4.7 million or 115%. Q4 2024 was the Company’s tenth consecutive quarter of positive Adjusted EBITDA1.
Net profit was $3.3 million for FY 2025, compared to a net loss of $1.5 million for FY 2024, an increase of $4.9 million. Earnings per share was $0.09 for FY 2025 compared to $(0.04) for FY 2024.
The Company generated positive cash from operations of $1.7 million for FY 2025, compared to cash generated from operations of $1.0 million in FY 2024. Cash generated from operating activities before net changes in working capital was $8.8 million for FY2025 compared to $3.3 million for FY 2024. A significant improvement in operating cash flow of $5.5 million.
The closing cash balance for FY 2025 was $6.4 million (non restricted) compared to $0.8 million for FY 2024, a significant increase of $5.6 million. Subsequent to the year end, the Company raised $28.1 million before fees, as a result of an equity issuance to support growth in new verticals, research and development initiatives, and expansion of our energy as a service offering.
Key Operational and Strategic Highlights- Q4 FY2025 & Subsequent Events:
Continued Commercial Momentum Across Core Verticals
Secured major purchase orders from Fortune 100/500 customers, global OEMs, and high-growth logistics operators across the U.S., Canada and Australia, including repeat deployments of Infinity Battery systems in material handling, cold-storage logistics, retail warehousing, and automated platforms.
Strong ongoing demand from the Company’s largest end users, with anticipated increased demand in 2026.
Secured new and expanded programs with three robotics OEM partners across the U.S. and Japan, including initial commercial orders ahead of expected scale-up beginning in fiscal 2026.
Advanced development of rapid-charging architectures tailored for robotics and AMR/AGV platforms, targeting sub-five-minute charging capability.
Entry Into Other Key Verticals
Advanced new OEM collaborations, including new initiatives with leading construction-equipment manufacturers through Sumitomo Corporation Power & Mobility.
Entered additional mission-critical markets including airport ground support equipment (GSE), defense applications, stationary energy storage systems and heavy-transport electrification-areas that align strongly with Electrovaya’s safety and longevity advantages.
Achieved new UL2580 certifications, including for the Infinity Series LFP cell.
Introduced next-generation Energy Storage System (ESS) platforms and new battery-system families for robotics, GSE, and other high-intensity applications; completed first commercial module shipments to Japan.
Advanced core technology initiatives-including rapid-charging development, next-generation ceramic-separator work, and solid-state research-supporting Electrovaya’s leadership position in long-life, high-safety lithium-ion technology.
Execution of U.S. Manufacturing Strategy
Initiated drawdowns on the $50.8 million EXIM “Make More in America” direct loan to fund the Jamestown, NY cell and module manufacturing facility.
Placed over $40 million in advanced equipment orders and began initial battery-system assembly operations.
On track for significant capacity expansion beginning late-2026, with eligibility for U.S. Production and Investment Tax Credits expected to support improved long-term margins and demand.
Strengthened Capital Structure to Support Growth
Completed two equity offerings (December 2024 and November 2025) with over $40 million in proceeds before fees and secured a new up-to-$25 million ABL facility with BMO, in addition to the $51 million EXIM direct loan.
Combined financing initiatives provide strong liquidity for advancing commercialization, technology development, and expansion of recurring-revenue programs including energy as a service, SaaS, and aftermarket services.
Management Commentary: “Fiscal 2025 marked a defining financial and strategic inflection point for Electrovaya,” stated Dr. Raj DasGupta, CEO of Electrovaya. “We achieved our first profitable year, characterized by record growth, major balance sheet improvements, and continued execution of our long-term technology roadmap. With over 10,000 Infinity Battery systems deployed in high-intensity material handling applications, all maintaining a perfect safety record, demonstrate that we have one of the most extensively field-proven battery platforms in the industry. This real-world validation continues to drive strong customer adoption.”
“Our Jamestown manufacturing facility is fully funded and advancing toward providing domestic cell and module production to support mission-critical applications requiring North American supply chains. Electrovaya is positioned as a technology driven leader in safe, long-life lithium-ion solutions. Combined with our ongoing investments in rapid-charging technology, next-generation ceramic separators, and solid-state development, we’re building sustained competitive advantages and multiple paths to continued profitable growth.”
“FY 2025 delivered record revenue of $63.8 million, Adjusted EBITDA 1 growth of 115%, and positive cash flow from operations. These fundamentals demonstrate our ability to scale profitably,” stated John Gibson, Electrovaya’s CFO. “Our strengthened balance sheet provides financial flexibility to support anticipated growth of more than 30% in FY2026 while simultaneously investing in technology development and recurring revenue expansion.”
“The year-end cash balance plus funds raised through a subsequent equity offering, combined with our new $25 million BMO facility and $51 million EXIM loan, significantly strengthens our financial position. This diversified capital base supports organic growth, our expanding recurring revenue programs including energy-as-a-service and aftermarket services, and our U.S. manufacturing ramp-up which is expected to expand our market footprint within the material handling sector.
Positive Financial Outlook & Fiscal 2025 Guidance : The Company anticipates continued strong growth into FY2026 with estimated revenue growth to exceed 30% over FY 2025 (in excess of $83 million) driven by sustained demand from the Company’s largest end users of material handling batteries and our entry into additional market verticals. This guidance reflects existing purchase orders, and anticipated pipeline of key customers. This guidance also takes into consideration a percentage of anticipated revenue that may be deferred to FY 2027. This guidance is subject to change and is made barring any unforeseen circumstances. See “Forward-Looking Statements”.
Selected Annual Financial Information for the Years ended September 30, 2025, 2024 and 2023:
Results of Operations (Expressed in thousands of U.S. dollars)
Summary Financial Position (Expressed in thousands of U.S. dollars)
Cash flow statement (Expressed in thousands of U.S. dollars)
Quarterly Results of Operations (Expressed in thousands of US dollars)
1 Non-IFRS Measure: Adjusted EBITDA is defined as income/(loss) from operations, plus stock-based compensation costs and depreciation and amortization costs. Adjusted EBITDA does not have a standardized meaning under IFRS. Therefore it is unlikely to be comparable to similar measures presented by other issuers. Management believes that certain investors and analysts use adjusted EBITDA to measure the performance of the business and is an accepted measure of financial performance in our industry. It is not a measure of financial performance under IFRS, and may not be defined and calculated in the same manner by other companies and should not be considered in isolation or as an alternative to IFRS measures. The most directly comparable measure to Adjusted EBITDA calculated in accordance with IFRS is income (loss) from operations.
The Company’s complete Financial Statements and Management Discussion and Analysis for the fourth quarter and fiscal year ended September 30, 2025 are available on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov, as well as on the Company’s website at www.electrovaya.com.
To help ensure that the conference begins in a timely manner, please dial-in 10 minutes prior to the start of the call.
For those unable to participate in the conference call, a replay will be available for two weeks beginning on December 10, 2025 through December 24, 2025. To access the replay, the dial-in number is 877-481-4010 and 919-882-2331. The replay access ID is 53306.
Investor and Media Contact : Jason Roy VP, Corporate Development and Investor Relations Electrovaya Inc. jroy@electrovaya.com 905-855-4618
About Electrovaya Inc. Electrovaya Inc. (NASDAQ:ELVA)(TSX:ELVA) is a technology-driven lithium-ion battery company commercializing its proprietary Infinity Battery Technology, designed for superior safety, longevity, and performance in mission-critical industrial, robotics, defense and energy-storage applications. The Company leverages a strong intellectual-property portfolio and advanced materials expertise to deliver durable, high-value battery solutions to global OEMs and end users. To support growing demand and advancing energy-security and national-security objectives, Electrovaya is expanding U.S. manufacturing through its 52-acre Jamestown, New York site, which includes a 137,000-square-foot facility planned as its first gigafactory. Electrovaya also operates two Canadian sites focused on research, engineering, and product commercialization. For more information, please visit www.electrovaya.com.
Forward-Looking Statements This press release contains forward-looking statements, including statements that relate to, among other things, revenue, purchase orders, revenue guidance of more than 30% revenue growth (exceeding $83 million) over FY 2025 in FY 2026, order growth and customer demand in FY 2026, mass production schedules, , the Company’s ability to start production of cells at the Jamestown, New York facility by end of CY 2026, future business opportunities, use of proceeds, ability to deliver to customer requirements and revenue growth forecasts for the fiscal year ending September 30, 2026. Forward-looking statements can generally, but not always, be identified by the use of words such as “may”, “will”, “could”, “should”, “would”, “likely”, “possible”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “plan”, “objective” and “continue” (or the negative thereof) and words and expressions of similar import. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, assumptions and analyses made by the Company in light of the experience and perception of historical trends, current conditions and expected future developments and other factors it believes are appropriate are necessarily applied in making forward looking statements and such statements are subject to risks and uncertainties, therefore actual results may differ materially from those expressed or implied in such statements and undue reliance should not be placed on such statements. Material assumptions made in disclosing the forward-looking statements included in the news release include, but are not limited to assumptions that the Company’s customers will deploy its products in accordance with communicated timing and volumes, that the Company’s customers will complete new distribution centers in accordance with communicated expectations, intentions and plans, the sum of anticipated new orders in FY 2026 based on customers’ historical patterns and additional demand communicated to the Company and its partners but not yet provided as a purchase order with the Company’s current firm purchase order backlog totaling approximately $100-125 million, a discount of approximately 25% used in the revenue modeling applied to the overall expected order pipeline to account for potential delays in customer orders, expected decreases in input and material costs combined with stable selling prices in FY 2026, and a stable political climate with respect to exports from Canada to the United States, the start up time for manufacturing in Jamestown NY is estimated towards the end of FY 2026 or first quarter of FY 2027, the ability to leverage IRA45X credits, the ability to receive incentives from the state of New York, the ability to improve margins from domestic manufacturing, and the ability to attract additional customers through domestic manufacturing. Factors that could cause actual results to differ materially from expectations include but are not limited to customers not placing orders roughly in accordance with historical ordering patterns and communicated intentions resulting in annual revenue growth in FY 2026 of more than 30% over FY 2025 (exceeding $83 million), the predictability of sales and success of the Company’s products in verticals other than material handling, the imposition of a tariff regime on Canadian exports by the United States, macroeconomic effects on the Company and its business and on the lithium battery industry generally, the Company’s liquidity and cash availability in excess of its operational requirements, and the ability to generate and sustain sales orders. Additional information about material factors that could cause actual results to differ materially from expectations and about material factors or assumptions applied in making forward-looking statements may be found in the Company’s Annual Information Form for the year ended September 30, 2025 under “Risk Factors”, in the Company’s base shelf prospectus dated September 17, 2024, and in the Company’s most recent annual and interim Management’s Discussion and Analysis under “Qualitative And Quantitative Disclosures about Risk and Uncertainties” as well as in other public disclosure documents filed with Canadian securities regulatory authorities. The Company does not undertake any obligation to update publicly or to revise any of the forward-looking statements contained in this document, whether as a result of new information, future events or otherwise, except as required by law.
The revenue for the periods described herein constitute future‐oriented financial information and financial outlooks (collectively, “FOFI”), and generally, is, without limitation, based on the assumptions and subject to the risks set out above under “Forward‐Looking Statements”. Although management believes such assumptions to be reasonable, a number of such assumptions are beyond the Company’s control and there can be no assurance that the assumptions made in preparing the FOFI will prove accurate. FOFI is provided for the purpose of providing information about management’s current expectations and plans relating to the Company’s future performance and may not be appropriate for other purposes.
The FOFI does not purport to present the Company’s financial condition in accordance with IFRS, and it is expected that there may be differences between audited results and preliminary results, and the differences may be material. The inclusion of the FOFI in this news release disclosure should not be regarded as an indication that the Company considers the FOFI to be a reliable prediction of future events, and the FOFI should not be relied upon as such.
TORONTO, ON / ACCESS Newswire / November 25, 2025 / Electrovaya Inc. (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, announces that it will file and release its fourth quarter and fiscal year ending September 30, 2025, following the market close on Wednesday, December 10, 2025. This will be followed by a conference call and webcast at 5:00 p.m. EST on the same day, presented by CEO, Dr. Raj DasGupta and CFO, John Gibson to discuss the financial results and provide a business update.
To help ensure that the conference begins in a timely manner, please dial in 10 minutes prior to the start of the call.
For those unable to participate in the conference call, a replay will be available for two weeks beginning on December 10, 2025 through December 24, 2025. To access the replay, the dial-in number is 877-481-4010 and 919-882-2331. The replay passcode is 52770.
Investor and Media Contact: Jason Roy VP, Corporate Development and Investor Relations Electrovaya Inc. jroy@electrovaya.com / 905-855-4618
About Electrovaya Inc. Electrovaya Inc. (NASDAQ:ELVA)(TSX:ELVA) is a technology-driven lithium-ion battery company commercializing its proprietary Infinity Battery Technology, designed for superior safety, longevity, and performance in mission-critical industrial, robotics, defense and energy-storage applications. The Company leverages a strong intellectual-property portfolio and advanced materials expertise to deliver durable, high-value battery solutions to global OEMs and end users. To support growing demand and advancing energy-security and national-security objectives, Electrovaya is expanding U.S. manufacturing through its 52-acre Jamestown, New York site, which includes a 137,000-square-foot facility planned as its first gigafactory. Electrovaya also operates two Canadian sites focused on research, engineering, and product commercialization. For more information, please visit www.electrovaya.com.
Updates regarding Continued EXIM Direct Loan Drawdowns, Insider Open Market Stock Purchases, Proceeds of Recent Equity Raise
TORONTO, ONTARIO / ACCESS Newswire / November 19, 2025 / Electrovaya Inc. (“Electrovaya” or the “Company”) (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, today provided a business update highlighting recent insider share purchases, continued progress on its Jamestown gigafactory build-out and EXIM loan drawdowns, and planned deployment of capital from its recently completed equity financing.
Continued Progress on U.S. EXIM-Supported Jamestown Manufacturing Facility
Electrovaya continues to make steady progress on the build-out of its state-of-the-art lithium-ion cell and battery manufacturing facility in Jamestown, New York. The Company has executed continued drawdowns under its previously announced direct loan facility from the Export-Import Bank of the United States (“EXIM”), supporting equipment procurement, commissioning, and overall scale-up activities.
The EXIM-supported funding remains a critical catalyst for advancing Electrovaya’s domestic manufacturing capabilities, enabling the Company to serve the rapidly expanding demand for high-durability lithium-ion batteries across material handling, robotics, heavy equipment, and stationary energy-storage markets.
During the past week, Electrovaya’s Chief Executive Officer and Chief Financial Officer have executed open-market purchases of the Company’s common shares. These insider transactions underscore management’s confidence in Electrovaya’s growth trajectory, commercialization initiatives, and long-term shareholder value creation. Full details of the insider purchases have been filed through the appropriate securities regulatory reporting systems.
Deployment of Proceeds from November 6th Equity Financing
Electrovaya will be utilizing proceeds from its November 6, 2025 equity offering for investments that strengthen the Company’s technology roadmap and expand its addressable markets. Key initiatives include:
Rapid-Charging Enhancements to the Infinity Battery Platform: Investments to accelerate development of advanced fast-charge capabilities while maintaining the Infinity technology’s industry-leading cycle life and safety profile. These developments hold particular interest in robotic applications and data center applications that require rapid charging capabilities.
Separator Technology Development: Funding directed toward next-generation separator architecture tailored for improved thermal performance and domestic supply chains.
Solid-State Battery Development: Strategic R&D investment to advance Electrovaya’s solid-state program, focused on the Company’s proprietary high-safety, high-energy-density technology with the objective to bring it to a commercialization.
Energy-as-a-Service (“EaaS”) Program Expansion: Capital deployment to scale the Company’s energy-as-a-service initiatives, supporting recurring-revenue models and enabling customer adoption of Electrovaya’s batteries with lower upfront capital requirements.
The Company believes these investments will reinforce its technology leadership and support long-term revenue and margin expansion across multiple electrification verticals.
Upcoming FYQ4 Results
Electrovaya expects to provide further operational updates when it publishes financial results for its fiscal fourth quarter, anticipated during the week of December 8, 2025. The specific details will be provided in a separate release.
Investor and Media Contact:
Jason Roy VP, Corporate Development and Investor Relations Electrovaya Inc. 905-855-4618 / jroy@electrovaya.com
About Electrovaya Inc.
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.
Forward-Looking Statements
This press release contains forward-looking statements relating to announcements regarding establishing, development of new battery designs, future battery products with rapid charge capabilities, next generations separator performance, ability to produce separators with domestic supply chains, solid state battery development, potential commercialization of its solid state battery technology, use of proceeds from the November 6th equity raise, longevity, projected performance, extrapolated cycle life, energy density, relative performance compared to competitors, use in commercial vehicle and energy storage applications, use in robotics and construction applications, heavy duty applications, deliveries of energy storage systems, energy density, cell performance, safety, cost of ownership, life cycle cost, and can generally be identified by the use of words such as “may”, “will”, “could”, “should”, “would”, “likely”, “possible”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “plan”, “objective”, “seed”, “growing” and “continue” (or the negative thereof) and words and expressions of similar import. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, such statements involve risks and uncertainties, and undue reliance should not be placed on such statements. Certain material factors and assumptions are applied in making forward-looking statements, and actual results may differ materially from those expressed or implied in such statements. Statements with respect to solid state batteries, battery technologies and production roadmaps, are based on an assumption that the Company’s customers and users will deploy its products in accordance with communicated intentions, and the Company has investment capital to deploy. Important factors that could cause actual results to differ materially from expectations include but are not limited to macroeconomic effects on the Company and its business and on the Company’s customers, including inflation and tightening credit availability due to systemic bank risk, economic conditions generally and their effect on consumer demand and capital availability, labour shortages, supply chain constraints, the potential effect of health based restrictions in Canada, the US and internationally on the Company’s ability to produce and deliver products, and on its customers’ and end users’ demand for and use of products, which effects are not predictable and may be affected by additional regional outbreaks and variants, and other factors which may cause disruptions in the Company’s supply chain and Company’s capability to deliver and develop its products. Additional information about material factors that could cause actual results to differ materially from expectations and about material factors or assumptions applied in making forward-looking statements may be found in the Company’s Annual Information Form for the year ended September 30, 2024 under “Risk Factors”, and in the Company’s most recent annual Management’s Discussion and Analysis under “Qualitative And Quantitative Disclosures about Risk and Uncertainties” as well as in other public disclosure documents filed with Canadian securities regulatory authorities. The Company does not undertake any obligation to update publicly or to revise any of the forward-looking statements contained in this document, whether as a result of new information, future events or otherwise, except as required by law.
TORONTO, ON / ACCESS Newswire / November 12, 2025 / Electrovaya Inc. (“Electrovaya” or the “Company”) (NASDAQ:ELVA)(TSX:ELVA), a lithium ion battery technology and manufacturing company, today announced that Electrovaya’s CEO, Dr. Raj DasGupta, will be participating in the following upcoming conferences:
Event: 15th Annual Craig-Hallum Alpha Select Conference Date: November 18, 2025 Location: Sheraton NY Times Square Hotel, New York, NY
Event: 17th Annual Southwest IDEAS Conference Date: November 19, 2025 Location: The Westin Irving Convention Center Las Colinas, Irving, TX
Event: 13th Annual UBS Global Industrials & Transportation Conference Date: December 1-4, 2025 Location: Eau Palm Beach Resort and Spa, Manalapan, FL
Investor and Media Contact: Jason Roy VP, Corporate Development and Investor Relations Electrovaya Inc. 905-855-4618 / jroy@electrovaya.com
About Electrovaya Inc. 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.
Forward-Looking Statement This press release contains forward-looking statements, including statements regarding the anticipated use of proceeds from the Offering. Forward-looking statements can generally, but not always, be identified by the use of words such as “may”, “will”, “could”, “should”, “would”, “likely”, “possible”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “plan”, “objective” and “continue” (or the negative thereof) and words and expressions of similar import. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, such statements are necessarily based on assumptions, and involve risks and uncertainties, therefore undue reliance should not be placed on such statements. Material assumptions on which forward-looking statements in this news release include assumptions about the expected use of proceeds based on the Company’s ongoing business. Material risks and other factors that could cause actual results to differ from any forward-looking statement market conditions and other risks that may be found in the prospectus supplement and base shelf prospectus filed in connection with the Offering, including those risks described under the heading “Risk Factors”, and the documents incorporated by referenced therein. The Company does not undertake any obligation to update publicly or to revise any of the forward looking statements contained in this document, whether as a result of new information, future events or otherwise, except as required by law.
BASE SHELF PROSPECTUSES ARE ACCESSIBLE, AND PROSPECTUS SUPPLEMENTS WILL BE ACCESSIBLE WITHIN TWO BUSINESS DAYS, ON SEDAR+ AND ON EDGAR
TORONTO, ON / ACCESS Newswire / November 4, 2025 / Electrovaya Inc. (“Electrovaya” or the “Company“) (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, is pleased to announce that the Company is commencing an underwritten public offering (the “Offering“) of its common shares (the “Common Shares“). The Company expects to grant the underwriters a 30-day option to purchase up to an additional 15% of Common Shares at the public offering price. All of the Common Shares are being offered by the Company.
The Common Shares will be offered in the United States pursuant to a shelf registration statement (including a prospectus supplement thereto) previously filed with and declared effective by the Securities and Exchange Commission (the “SEC“) on September 25, 2024 (the “U.S. Base Shelf Prospectus“) in accordance with the Multijurisdictional Disclosure System established between Canada and the United States, and will be qualified for distribution in the provinces and territories of Canada by way of a prospectus supplement to the Company’s base shelf prospectus dated September 17, 2024 (the “Canada Base Shelf Prospectus“), provided that no securities will be sold in the Province of Québec.
Oppenheimer & Co. Inc. is acting as sole book-running manager for the proposed Offering. Raymond James Ltd. is acting as the lead manager for the proposed Offering.
The Company intends to use the net proceeds from the Offering to invest in energy as a service, investment in next generation battery and separator research and development and for working capital and general corporate purposes.
The Offering is expected to be priced in the context of the market, with the final terms of the Offering to be determined at the time of pricing. There can be no assurance as to whether or when the Offering may be completed, or as to the actual size or terms of the Offering. The closing of the Offering will be subject to customary closing conditions, including the listing of the Common Shares on the Toronto Stock Exchange (“TSX“) and the Nasdaq Capital Market (“NASDAQ“) and any required approvals of TSX and NASDAQ.
Access to the U.S. Base Shelf Prospectus, the Canada Base Shelf Prospectus, the preliminary prospectus supplement and accompanying prospectus related to the Offering, and any amendments to the documents will be provided in accordance with securities legislation relating to procedures for providing access to a shelf prospectus supplement, a base shelf prospectus and any amendments. A preliminary prospectus supplement and accompanying prospectus relating to the offering will be filed with the SEC and will be available (within two business days of the date hereof) for free on the SEC’s website at www.sec.gov and the prospectus supplement filed in Canada will be available (within two business days of the date hereof) on the Company’s profile on the SEDAR+ website at www.sedarplus.ca. The Common Shares are offered under the prospectus supplements relating to the offering. An electronic or paper copy of the preliminary prospectus supplement and accompanying prospectus relating to the Offering, when filed, and any amendment to the documents may be obtained without charge from Oppenheimer & Co. Inc., Attention: Syndicate Prospectus Department, 85 Broad Street, 26th Floor, New York, NY 10004, or by telephone at (212) 667-8055, or by email at EquityProspectus@opco.com and from Raymond James Ltd., Scotia Plaza, 40 King St. W., 54th Floor, Toronto, Ontario M5H 3Y2, Canada, or by telephone at 416-777-7000 or by email at ECM-Syndication@raymondjames.ca. The U.S. Base Shelf Prospectus, the Canada Base Shelf Prospectus and the preliminary prospectus supplement and accompanying prospectus relating to the Offering contain important, detailed information about the Company and the proposed Offering. Prospective investors should read the preliminary prospectus supplement and accompanying prospectus relating to the Offering, and the base shelf prospectus and the other documents the Company has filed before making an investment decision. The final terms of the Offering will be disclosed in a final prospectus supplement to be filed with the SEC and SEDAR+.
This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any province, state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such province, state or jurisdiction.
Investor and Media Contact: Jason Roy VP, Corporate Development and Investor Relations Electrovaya Inc. 905-855-4618 / jroy@electrovaya.com
About Electrovaya Inc.= 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 without compromising energy and power. The Company designs, develops and manufactures proprietary lithium-ion batteries, battery systems, and battery- related products for energy storage, clean electric transportation, and other specialized applications. Electrovaya has two operating sites in Canada and a 52-acre site with a 135,000 square foot manufacturing facility in Jamestown New York state for its planned gigafactory. To learn more about how Electrovaya is powering mobility and energy storage, please explore www.electrovaya.com.
Forward-Looking Statements This press release contains forward-looking statements, including statements regarding the intention to complete the Offering and the anticipated use of proceeds from the Offering. Forward-looking statements can generally, but not always, be identified by the use of words such as “may”, “will”, “could”, “should”, “would”, “likely”, “possible”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “plan”, “objective” and “continue” (or the negative thereof) and words and expressions of similar import. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, such statements are necessarily based on assumptions, and involve risks and uncertainties, therefore undue reliance should not be placed on such statements. Material assumptions on which forward-looking statements in this news release include assumptions about the ability to profitably market the Common Shares. Material risks and other factors that could cause actual results to differ from any forward-looking statement market conditions and other risks that may be found in the prospectus supplement and base shelf prospectus filed in connection with the Offering, including those risks described under the heading “Risk Factors”, and the documents incorporated by referenced therein. The Company does not undertake any obligation to update publicly or to revise any of the forward looking statements contained in this document, whether as a result of new information, future events or otherwise, except as required by law.
BASE SHELF PROSPECTUS IS ACCESSIBLE, AND FINAL PROSPECTUS SUPPLEMENT WILL BE ACCESSIBLE WITHIN TWO BUSINESS DAYS, ON SEDAR+ AND ON EDGAR
TORONTO, ONTARIO / ACCESS Newswire / November 5, 2025 / Electrovaya Inc. (“Electrovaya” or the “Company“) (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, announced today the pricing of its previously announced public offering (the “Offering“) of 4,700,000 common shares of the Company (“Common Shares“) at a price to the public of US$5.20 per Common Share. The Company has granted the underwriters a 30-day option to purchase up to an additional 705,000 Common Shares at the public offering price, less underwriting discounts and commissions.
Oppenheimer & Co. Inc. is acting as sole book-running manager for the Offering. Raymond James Ltd. is acting as the lead manager for the Offering. H.C. Wainwright & Co. and Roth Capital Partners are acting as co-managers for the Offering.
The gross proceeds from the Offering to the Company, before deducting underwriting discounts and commissions and other offering expenses and excluding any proceeds that may be received upon exercise of the underwriters’ option to purchase additional Common Shares, are expected to be approximately US$24.4 million, or approximately US$28.1 million if the underwriters exercise their over-allotment option in full. The Company intends to use the net proceeds from the Offering to invest in energy as a service, investment in next generation battery and separator research and development and for working capital and general corporate purposes.
The Offering is expected to close on or about November 6, 2025 (the “Closing Date“), subject to the satisfaction of customary closing conditions, including the listing of the Common Shares to be issued under the Offering on the Toronto Stock Exchange and the Nasdaq Capital Market.
The Offering is being made in the United States pursuant to a shelf registration statement (including a prospectus supplement thereto) previously filed with and declared effective by the Securities and Exchange Commission (the “SEC“) on September 25, 2024 in accordance with the Multijurisdictional Disclosure System established between Canada and the United States, and will be qualified for distribution in the provinces and territories of Canada by way of a prospectus supplement to the Company’s base shelf prospectus dated September 17, 2024 provided that no securities will be sold in the Province of Québec.
Access to the base shelf prospectus, the final prospectus supplement, and any amendments to the documents will be provided in accordance with securities legislation relating to procedures for providing access to a shelf prospectus supplement, a base shelf prospectus and any amendments. The base shelf prospectus is, and the final prospectus supplement will be (within two business days of the date hereof), accessible on SEDAR+ at www.sedarplus.com and on EDGAR at www.sec.gov. The Common Shares are offered under the Final Prospectus Supplement. +. An electronic or paper copy of the final prospectus supplement and accompanying prospectus relating to the Offering, when filed, may be obtained without charge from Oppenheimer & Co. Inc., Attention: Syndicate Prospectus Department, 85 Broad Street, 26th Floor, New York, NY 10004, or by telephone at (212) 667-8055, or by email at EquityProspectus@opco.com and from Raymond James Ltd., Scotia Plaza, 40 King St. W., 54th Floor, Toronto, Ontario M5H 3Y2, Canada, or by telephone at 416-777-7000 or by email at ECM-Syndication@raymondjames.ca. The U.S. Base Shelf Prospectus, the Canada Base Shelf Prospectus and the final prospectus supplement and accompanying prospectus relating to the Offering contain important, detailed information about the Company and the proposed Offering. Prospective investors should read the prospectus supplement and the base shelf prospectus and the other documents the Company has filed before making an investment decision.
This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any province, state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such province, state or jurisdiction.
Investor and Media Contact:
Jason Roy VP, Corporate Development and Investor Relations Electrovaya Inc. 905-855-4618 / jroy@electrovaya.com
About Electrovaya Inc.
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 without compromising energy and power. The Company designs, develops and manufactures proprietary lithium-ion batteries, battery systems, and battery- related products for energy storage, clean electric transportation, and other specialized applications. Electrovaya has two operating sites in Canada and a 52-acre site with a 135,000 square foot manufacturing facility in Jamestown New York state for its planned gigafactory. To learn more about how Electrovaya is powering mobility and energy storage, please explore www.electrovaya.com.
Forward-Looking Statements
This press release contains forward-looking statements, including statements regarding the intention to complete the Offering, whether and when the Offering may close, and the anticipated use of proceeds from the Offering. Forward-looking statements can generally, but not always, be identified by the use of words such as “may”, “will”, “could”, “should”, “would”, “likely”, “possible”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “plan”, “objective” and “continue” (or the negative thereof) and words and expressions of similar import. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, such statements are necessarily based on assumptions, and involve risks and uncertainties, therefore undue reliance should not be placed on such statements. Material assumptions on which forward-looking statements in this news release include assumptions about the ability to close the Offering and obtain stock exchange approval therefor by the expected closing date, and the expected use of proceeds based on the Company’s ongoing business. Material risks and other factors that could cause actual results to differ from any forward-looking statement market conditions and other risks that may be found in the prospectus supplement and base shelf prospectus filed in connection with the Offering, including those risks described under the heading “Risk Factors”, and the documents incorporated by referenced therein. The Company does not undertake any obligation to update publicly or to revise any of the forward looking statements contained in this document, whether as a result of new information, future events or otherwise, except as required by law.
TORONTO, ON / ACCESS Newswire / October 31, 2025 / Electrovaya Inc. (“Electrovaya” or the “Company”) (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, today announced the establishment of a subsidiary in Japan. The new entity, Electrovaya Japan, will serve as a local platform to expand the Company’s commercial activities and to support its growing customer base and strategic relationships across the Japanese market.
Over the past few years, Electrovaya has developed strong partnerships and has successfully sold advanced battery products to customers in Japan for both the local and global markets. The creation of a local subsidiary marks the next phase in the Company’s international growth strategy, enabling closer collaboration with Japanese OEMs, business and technology partners.
“Japan has been an important and growing market for Electrovaya” said Dr. Raj DasGupta, CEO of Electrovaya. “We have already achieved success with customers in Japan, and establishing a local subsidiary positions us to deepen those relationships and expand into new high-growth areas including robotics, heavy industrial equipment, and energy-storage applications.”
The Japanese subsidiary is expected to facilitate customer support, technical integration, and business development efforts for Electrovaya’s Infinity Battery Technology, which delivers exceptional cycle life, safety, and energy efficiency for mission-critical applications such as material handling, robotics, and energy storage.
Electrovaya continues to evaluate additional strategic initiatives to further accelerate its global expansion and strengthen its presence in key international markets.
Investor and Media Contact : Jason Roy VP, Corporate Development and Investor Relations Electrovaya Inc. 905-855-4618 / jroy@electrovaya.com
About Electrovaya Inc. 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.
Forward-Looking Statements This press release contains forward-looking statements relating to announcements regarding establishing a subsidiary in Japan, sales and strategic activities with Japanese companies, longevity, projected performance, extrapolated cycle life, energy density, relative performance compared to competitors, planned activities in Japan, prior success with the Japanese market, future potential with the Japanese market, potential demand in Japan, ability to successfully operate in Japan, use in commercial vehicle and energy storage applications, use in robotics and construction applications, heavy duty applications, deliveries of energy storage systems, energy density, cell performance, safety, cost of ownership, life cycle cost, and can generally be identified by the use of words such as “may”, “will”, “could”, “should”, “would”, “likely”, “possible”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “plan”, “objective”, “seed”, “growing” and “continue” (or the negative thereof) and words and expressions of similar import. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, such statements involve risks and uncertainties, and undue reliance should not be placed on such statements. Certain material factors and assumptions are applied in making forward-looking statements, and actual results may differ materially from those expressed or implied in such statements. Statements with respect to solid state batteries, battery technologies and production roadmaps, are based on an assumption that the Company’s customers and users will deploy its products in accordance with communicated intentions, and the Company has investment capital to deploy. Important factors that could cause actual results to differ materially from expectations include but are not limited to macroeconomic effects on the Company and its business and on the Company’s customers, including inflation and tightening credit availability due to systemic bank risk, economic conditions generally and their effect on consumer demand and capital availability, labour shortages, supply chain constraints, the potential effect of health based restrictions in Canada, the US and internationally on the Company’s ability to produce and deliver products, and on its customers’ and end users’ demand for and use of products, which effects are not predictable and may be affected by additional regional outbreaks and variants, and other factors which may cause disruptions in the Company’s supply chain and Company’s capability to deliver and develop its products. Additional information about material factors that could cause actual results to differ materially from expectations and about material factors or assumptions applied in making forward-looking statements may be found in the Company’s Annual Information Form for the year ended September 30, 2024 under “Risk Factors”, and in the Company’s most recent annual Management’s Discussion and Analysis under “Qualitative And Quantitative Disclosures about Risk and Uncertainties” as well as in other public disclosure documents filed with Canadian securities regulatory authorities. The Company does not undertake any obligation to update publicly or to revise any of the forward-looking statements contained in this document, whether as a result of new information, future events or otherwise, except as required by law.
Electrovaya’s 3 year growth percentage of 383%, ranking 3rd in the Enterprise-Industry Leaders category that is limited to enterprise-level companies with a minimum of C$50 million in revenue
TORONTO, ON / ACCESS Newswire / October 24, 2025 / Electrovaya Inc. (“Electrovaya” or the “Company”) (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, is honored to be the Enterprise Industry Leaders winners in Deloitte’s Technology Fast 50TM program. The award recognizes the fastest-growing enterprise-level technology, media, and telecommunications companies by revenue growth percentage over their last four years of operation. This category is open to companies that recorded a minimum revenue of $10 million in 2021 and $50 million in 2024.
“We are honored to be recognized by Deloitte for the third consecutive year, and pleased to mark our first inclusion in the Enterprise category. This recognition reflects our strong growth, driven by increasing adoption of Electrovaya’s Infinity Battery technology – an industry-leading innovation that delivers substantial improvements in safety and longevity, two key performance metrics for mission-critical electrified applications. Still in the early stages of commercialization, this technology is garnering growing interest from sectors including material handling, robotics, defense, and AI datacenter infrastructure,” said Dr. Raj DasGupta, CEO of Electrovaya.
The Enterprise-Industry Leaders exemplify the enduring strength and proven success of Canada’s business landscape,” said Amanda Perran, National Technology Fast 50 program co-leader at Deloitte Canada. “With a longstanding track record of achievement and resilience, they continue to set the standard for excellence, driving sustainable growth and inspiring progress across Canadian technology enterprise.”
“These distinguished companies have consistently demonstrated leadership and innovation at the highest level within their industries,” added Brendan Cooper, National Technology Fast 50 program co-leader at Deloitte Canada. “Their sustained commitment to excellence and their ability to adapt in an evolving market are driving meaningful change, both within their organizations and across Canada’s technology sector. Their achievements serve as inspiring examples of how established Canadian businesses are shaping a successful and dynamic future.”
About the Deloitte Technology Fast 50 program
The Technology Fast 50 program is Canada’s pre-eminent technology awards program. It recognizes business growth, innovation, and entrepreneurship in three distinct categories: Technology Fast 50, Enterprise-Industry Leaders, and Companies-to-Watch. The program also recognizes thriving technology companies in the United States and Canada in partnership with the North American Technology Fast 500 program Program sponsors for 2025 include RBC, Osler, EDC, CCI, TMX, Lafond and The Globe and Mail. For more information, visit www.fast50.ca.
Investor and Media Contact :
Jason Roy VP, Corporate Development and Investor Relations Electrovaya Inc. 905-855-4618 / jroy@electrovaya.com
About Electrovaya Inc.
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.
