Electrovaya Inc. ELVA

Company Overview

Electrovaya Inc. is a Canadian battery technology company focused on the design, development, and manufacturing of lithium-ion battery systems and battery technologies for industrial applications. The company operates primarily in the energy storage and electrified transportation industries, with a particular emphasis on heavy-duty material handling equipment, electric vehicles, and stationary energy storage systems. Its core revenue drivers include lithium-ion battery packs, battery management systems, proprietary cell technologies, and integrated energy storage solutions sold to industrial original equipment manufacturers (OEMs) and fleet operators.

The company is best known for its proprietary lithium-ion technologies marketed under the Infinity Battery Technology platform, which emphasizes long cycle life, enhanced safety characteristics, and reduced fire risk through ceramic separator technologies and advanced battery chemistry. Electrovaya serves customers across logistics, warehousing, manufacturing, and energy infrastructure sectors, particularly those transitioning from lead-acid battery systems to lithium-ion alternatives. Founded in 1996 and headquartered in Mississauga, Ontario, the company evolved from an early-stage battery research enterprise into a commercial supplier of industrial lithium-ion battery systems with manufacturing and technology development capabilities in North America.