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Electrovaya
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Developer of lithium-ion batteries and battery systems for electric vehicle, energy storage, industrial, consumer and marine markets

Founded in 1996
Founded in

Company type Public Public (ELVA)
Company type

Industry Group energy & power

Sector energy storage

TRL Range 9
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
TRL Range

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Headquarters Mississauga, ON Mississauga, Canada
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Updated by Anthony Tran at Electrovaya on 07/26/2023

Edited by Cleantech Group on 05/15/2025

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Date Company
11/12/2014

Toronto Hydro Toronto Hydro

Electrovaya has received a $1.3 million grant award to deliver multiple Intelligent Energy Storage Systems (IESS) at various locations with Toronto Hydro and London Hydro. This project is supported by the Ontario Ministry of Energy's Smart Grid Fund.

Confirmed by Toronto Hydro
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Date Partner Type
03/18/2014
Canadian Solar Canadian Solar
Electrovaya and Canadian Solar have partnered on a micro-grid project, funded by the Ontario Smart Grid Fund.
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Confirmed by Canadian Solar
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IPO INFORMATION

Date

01/01/2000

IPO status

Listed

IPO Type

IPO

Amount

Initial shares

Ticker symbol

ELVA

Exchange listed

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Date Investors Type Amount
03/13/2025 Export Import Bank of the United States (EXIM) Export Import Bank of the United States (EXIM) (1)
Post-money valuation of
Funding will be used for a battery manufacturing buildout in Jamestown, New York.
 Loan $50,800,000
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