Electrovaya Inc - Company Profile
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Electrovaya Inc (Electrovaya) designs, develops, and manufactures lithium-ion batteries and battery systems, either directly or through outsourced manufacturing. The company's main activities include producing battery systems for heavy-duty applications such as Material Handling Electric Vehicles, robotics, construction and mining vehicles, and energy storage systems. Electrovaya's major products include lithium-ion battery systems for forklifts, robotic applications, high voltage systems for electric buses and trucks, and industrial energy storage products. The company's products are primarily used by customers in industries requiring heavy-duty and mission-critical battery applications. 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. It operates production and R&D facilities in Canada. Electrovaya is headquartered in Mississauga, Ontario, Canada.
Headquarters
Canada
Address
6688 Kitimat Road, Mississauga, Ontario, L5N1P8
Website
electrovaya.com
Telephone
1 905 8554610
No of Employees
123
Industry
Clean Technology
Ticker Symbol & Exchange
ELVA (TSE)
Revenue (2025)
$44.6M
43.1%
(2025 vs 2024)
EPS
XYZ
Net Income (2025)
XYZ
326.5%
(2025 vs 2024)
Market Cap*
$520.7M
Net Profit Margin (2025)
XYZ
258.3%
(2025 vs 2024)
* As of and is in US$
Products and Services
| Products | Brands |
|---|---|
| Lithium Ion Batteries | SuperPolymer |
| Battery Systems | |
| Cells | |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2025 | Commercial Operation | In May, the company announced the start of battery system manufacturing in Jamestown. |
| 2025 | Contracts/Agreements | In April, the company received purchase order for batteries to power existing distribution centers. |
| 2025 | Contracts/Agreements | In March, the company won an order for a high voltage battery system. |
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 | Seoul | Pennsylvania | Ile-de-France | Indiana |
| No. of Employees | 123 | 14,280 | 10,858 | 4,300 | - |
| 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 | - | - |
| Rajshekar Das Gupta | Chief Executive Officer | Executive Board | - | - |
| John Gibson | Chief Financial Officer | Senior Management | - | - |
| Jason Roy | Vice President - Corporate Development and Investor Relations | Senior Management | - | - |
| Elmira Memarzadeh | Vice President - Cell Operations | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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