Latest news with #RajDasGupta
Miami Herald
10-07-2025
- Automotive
- Miami Herald
Electrovaya Achieves UL2580 Certification for Over 400 Next-Generation Lithium-Ion Battery Models
Latest battery systems feature enhanced performance and include 54Ah ceramic cell to be mass produced in Jamestown, NY Passed the most stringent safety testing in the industry, including fire propagation testing Further strengthens the Company's leadership position in the market for industrial and heavy duty vehicles TORONTO, ON / ACCESS Newswire / July 10, 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 it has successfully completed UL2580 certification for 448 distinct models of its latest generation 24V, 36V, and 48V lithium-ion battery systems. The certification includes battery systems composed of its current 47Ah cell in addition to its 54Ah cell which will be mass produced at its facility in Jamestown, New York in 2026. The next generation models feature improved charge rates, energy density, ergonomics and overall performance. Notably, the new models also provide the highest energy densities of batteries used in the material handling industry, providing an additional competitive advantage. These next generation battery systems will start being made available to customers this year. The UL2580 certification involved some of the most stringent safety testing standards in the industry and included fire propagation testing, vibration, shock and short circuit testing amongst other destructive testing. "This is an important milestone as we prepare to launch our next generation of products for one of our key industrial markets," said Dr. Raj DasGupta, CEO of Electrovaya. "The UL2580 certification is one of the most trusted safety benchmarks in the battery industry and underscores the strength of the safety capabilities of our Infinity battery technology. The material handling industry represents a large portion of our revenue and with our significant advancements made for our next generation products, we expect to further strengthen our leadership position in the market." Investor and Media Contact: Jason RoyVP, Corporate Development and Investor RelationsElectrovaya Inc.905-855-4618 / jroy@ 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 Forward-Looking Statements This press release contains forward-looking statements relating to announcements regarding cell performance, cycle life, longevity, projected performance, extrapolated cycle life, energy density, relative performance compared to competitors, planned production in Jamestown New York, ability to start production in Jamestown in the expected timeframe, planned 54Ah lithium-ion ceramic cell in product lines in 2025 and 2026, use in commercial vehicle and energy storage applications, 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. SOURCE: Electrovaya, Inc.
Miami Herald
25-06-2025
- Business
- Miami Herald
Electrovaya to Participate at the ROTH 15th Annual - London, Conference
TORONTO, ON / ACCESS Newswire / June 25, 2025 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, today announced that Dr. Raj DasGupta, Electrovaya's CEO will be participating at the Roth 15th Annual-London Conference, held at the Four Seasons Park Lane in London, UK. The Company's participation underscores Electrovaya's ongoing commitment to active engagement with the global financial community. During the conference, CEO, Raj DasGupta will take part in one-on-one and small group meetings with leading European institutional investors to discuss the Company's strategic initiatives, technology roadmap, and long-term growth outlook. Event: ROTH - 15th Annual - London ConferenceDate: June 25-26, 2025Location: Four Seasons Park Lane, London, UKFormat: 1x1 small group meetings - by invitation only For more information on the ROTH - 15th Annual - London, UK Conference, or to schedule a one-on-one meeting with Electrovaya's management, please contact your ROTH representative. Investor and Media Contact:Jason RoyVP, Corporate Development and Investor RelationsElectrovaya Inc.905-855-4618 / jroy@ About 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 SOURCE: Electrovaya, Inc.
Associated Press
25-06-2025
- Business
- Associated Press
Electrovaya to Participate at the ROTH 15th Annual - London, Conference
TORONTO, ON / ACCESS Newswire / June 25, 2025 / Electrovaya Inc. ('Electrovaya' or the 'Company') (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, today announced that Dr. Raj DasGupta, Electrovaya's CEO will be participating at the Roth 15th Annual-London Conference, held at the Four Seasons Park Lane in London, UK. The Company's participation underscores Electrovaya's ongoing commitment to active engagement with the global financial community. During the conference, CEO, Raj DasGupta will take part in one-on-one and small group meetings with leading European institutional investors to discuss the Company's strategic initiatives, technology roadmap, and long-term growth outlook. Event: ROTH - 15th Annual - London Conference Date: June 25-26, 2025 Location: Four Seasons Park Lane, London, UK Format: 1x1 small group meetings - by invitation only For more information on the ROTH - 15th Annual - London, UK Conference, or to schedule a one-on-one meeting with Electrovaya's management, please contact your ROTH representative. Investor and Media Contact: Jason Roy VP, Corporate Development and Investor Relations Electrovaya Inc. 905-855-4618 / [email protected] 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 SOURCE: Electrovaya, Inc. press release
The Market Online
07-05-2025
- Business
- The Market Online
Electrovaya kicks off battery manufacturing in New York
Electrovaya (TSX:ELVA), a lithium-ion battery technology stock, has begun battery system assembly operations at its facility in Jamestown, New York The company is focused on designing and supplying lithium-ion batteries for energy storage and heavy duty electric vehicles Electrovaya stock has given back 11.29 per cent year-over-year but remains up by 285 per cent since 2020 Electrovaya (TSX:ELVA), a lithium-ion battery technology stock, has begun battery system assembly operations at its facility in Jamestown, New York. According to Wednesday's news release, operations will ramp up as commercial lithium-ion cell and module production gets underway in mid 2026 in line with expected growth in demand for the company's products. Electrovaya has ordered $40 million in equipment for cell and module manufacturing, expected for delivery in late 2025, funded through its over $50 million loan from the Export Import Bank of the United States under the Make More In America program. From an income statement perspective, Electrovaya has grown revenue since 2021 while significantly reducing net losses since 2023, suggesting continued progress towards profitability as production begin to scale. Leadership insights 'We are excited to begin manufacturing operations for Electrovaya's Infinity Battery Systems here in Jamestown,' Lee Gilmore, general manager of Electrovaya's Jamestown operations, said in a statement. 'Our team continues to grow and gain experience in lithium-ion battery system manufacturing and support the investments being made at this facility.' 'Through these initial operations in Jamestown, Electrovaya will be well-positioned to support continuing demand growth,' added Raj DasGupta, Electrovaya's chief executive officer. 'Furthermore, by building a strong team now, we will be able to hit the ground running when it comes time to commence our lithium-ion cell manufacturing operations next year and support our strategic plan to become a leading domestic lithium-ion battery manufacturer in the United States.' About Electrovaya Electrovaya is dedicated to designing and supplying lithium-ion batteries for energy storage and heavy duty electric vehicles. Electrovaya stock (TSX:ELVA) opened with a gain of 1.58 per cent trading at C$3.85. The stock has given back 11.29 per cent year-over-year but remains up by 285 per cent since 2020. Join the discussion: Find out what everybody's saying about this lithium battery technology stock on the Electrovaya Inc. Bullboard and check out the rest of Stockhouse's stock forums and message boards. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
Miami Herald
07-05-2025
- Business
- Miami Herald
Electrovaya Announces Start of Battery System Manufacturing in Jamestown, NY
Press Releases Electrovaya Announces Start of Battery System Manufacturing in Jamestown, NY Key Milestone as part of Electrovaya's Manufacturing Investment in Jamestown, New York Electrovaya Inc. (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, announces that it has commenced battery system assembly operations at its Jamestown, New York facility. These operations will continue to expand with growth in demand for Electrovaya's battery systems and as the Company gets closer to starting its lithium ion cell and module production which is estimated to begin in mid 2026. In preparation for the cell and module manufacturing plans, Electrovaya has thus far placed over $40 million worth of capital equipment orders. The capital for this investment will be drawn from a recently closed $51 million direct loan from the Export Import Bank of the United States ("EXIM") under their Make More In America program. Delivery of the capital equipment will begin late in calendar year 2025 with the full lithium ion cell and module commercial production set to commence in mid 2026. "We are excited to begin manufacturing operations for Electrovaya's Infinity Battery systems here in Jamestown." said Lee Gilmore, General Manager of Electrovaya's Jamestown Operations. "Our team continues to grow and gain experience in lithium ion battery system manufacturing and support the investments being made at this facility." "Through these initial operations in Jamestown, Electrovaya will be well positioned to support continuing demand growth" said Raj DasGupta, CEO at Electrovaya. "Furthermore, by building a strong team now, we will be able to hit the ground running when it comes time to commence our lithium ion cell manufacturing operations next year and support our strategic plan to become a leading domestic lithium ion battery manufacturer in the United States." Investor and Media Contact: Jason Roy VP, Corporate Development and Investor Relations Electrovaya Inc. jroy@ / 905-855-4618 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 a 52-acre site with a 135,000 square foot manufacturing facility in New York State. To learn more about Electrovaya, please explore . Forward-Looking Statements This press release contains forward-looking statements, including statements that relate to, among other things, revenue, purchase orders, anticipated growth in demand, order growth and customer demand in FY 2025, future business opportunities, startup of Jamestown cell and module manufacturing operations in 2026 and the ability to deliver to customer requirements. 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", "planned", "objective", "estimated" 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 this 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, and stable political climate with respect to exports from Canada to the United. Factors that could cause actual results to differ materially from expectations include but are not limited to customers not placing roughly in accordance with historical ordering patterns and communicated intentions, the fact that the expected additional sales from the described customer are expressions of interest and not yet purchase orders, the uncertain effects of the imposition of a new 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, 2024 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, SOURCE: Electrovaya, Inc. This story was originally published May 7, 2025 at 7:02 AM.
