Electrovaya Secures Government Funding to Boost Production
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Electrovaya Secures Government Funding to Boost Production

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Electrovaya (TSE:ELVA) has released an update.

Electrovaya has secured a C$2 million investment from the Government of Canada to enhance automation and capacity at its Mississauga facility. This funding aims to boost the deployment of its innovative lithium-ion battery technology across various critical applications. This move supports Canada’s ambition to advance its electric vehicle sector and achieve net-zero emissions.

For further insights into TSE:ELVA stock, check out TipRanks’ Stock Analysis page.

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