Electrovaya Inc - Company Profile
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Business Description
Electrovaya Inc (Electrovaya) is an energy storage solutions company, which designs, develops and manufactures lithium -ion batteries, battery systems and battery-related products for energy storage, clean electric transportation and other specialized applications.
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R&D Overview
The company's R&D efforts focus on developing lithium-ion batteries and associated technologies with increased life, higher energy density and enhanced safety. It strives to provide innovative products in mechanical, thermal, electrical and control systems for specific power or energy requirements. The company has an innovation center in Mississauga, Canada. In FY2022, it spent US$3.89 million on R&D, which was 19.62% of its revenue and decreased 14.5% YoY.
Business Segments
Overview
Develops, manufactures and markets power technology products. Provides lithium-ion batteries and related systems for material handling electric vehicles, other electric transportation applications, and electric stationary storage and other battery markets. Product offerings: forklifts and automated guided vehicles; accessories such as battery chargers to charge the batteries; electromotive power products for electric trucks, electric buses and other transportation applications; and industrial products for energy storage.
Performance
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Overview
Provides smaller format batteries for various applications.
Performance
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Geographical Segments
Performance
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Performance
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Performance
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