Electrovaya Inc - Company Profile
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Electrovaya Inc (Electrovaya) is an energy storage solutions company. It designs, develops, manufactures, and markets power technology products. The company’s offerings include lithium- ion batteries, battery systems and battery-related products such as battery chargers and electric buses and other transportation applications. Electrovaya serves stationary energy storage, transportation applications, specialty applications, electro-motive applications, industrial and residential, logistics and materials handling and other battery markets. It markets its products in Canada, the US, and other countries. Electrovaya's lithium- ion batteries are being used to power electric forklifts in North America. The company has production and R&D facilities in Canada. Electrovaya is headquartered in Mississauga, Ontario, Canada.
Headquarters
Canada
Address
2645 Royal Windsor Drive, Mississauga, Ontario, L5J1K9
Website
www.electrovaya.com
Telephone
1 905 8554610
No of Employees
77
Industry
Clean Technology
Ticker Symbol & Exchange
ELVA (TSE)
Revenue (2022)
$19.8M
71.1%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
13.1%
(2022 vs 2021)
Market Cap*
$102.3M
Net Profit Margin (2022)
XYZ
49.2%
(2022 vs 2021)
* As of and is in US$
Products and Services
| Products | Brands |
|---|---|
| Lithium Ion Batteries | SuperPolymer |
| Battery Systems | |
| Electrodes | |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Contracts/Agreements | In November, the company entered into an agreement with OEM partners for material handling vehicles and other affiliates for the supply of battery systems. |
| 2022 | Contracts/Agreements | In June, the company was awarded a new US patent for a unique battery electrode microstructure with superior distribution of active and non-active materials. |
| 2021 | Contracts/Agreements | In October, the company signed a strategic supply agreement with Vicinity Motor Corp for the supply of lithium battery systems for Vicinity. |
Competitor Comparison
| Key Parameters | Electrovaya Inc | LG Chem Ltd | EnerSys | Saft Groupe SA | EnerDel Inc |
|---|---|---|---|---|---|
| Headquarters | Canada | South Korea | United States of America | France | United States of America |
| City | Mississauga | Seoul | Reading | Levallois-Perret | Anderson |
| State/Province | Ontario | - | Pennsylvania | Ile-de-France | Indiana |
| No. of Employees | 77 | 14,280 | 11,350 | 4,000 | - |
| Entity Type | Public | Public | Public | Private | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Sankar Das Gupta | Chairman | Executive Board | 2022 | - |
| Rajshekar Das Gupta | Chief Executive Officer | Senior Management | 2022 | - |
| John Gibson | Chief Financial Officer | Senior Management | 2022 | - |
| Jason Roy | Director - Investor Relations and Communications | Senior Management | 2018 | - |
| Jeremy Dang | Director - Business and Project Development | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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