Electrovaya announces ‘continued progress’ on Jamestown manufacturing facility

The company said, “Electrovaya (ELVA) continues to make steady progress on the build-out of its state-of-the-art lithium-ion cell and battery manufacturing facility in Jamestown, New York. The Company has executed continued drawdowns under its previously announced direct loan facility from the Export-Import Bank of the United States, supporting equipment procurement, commissioning, and overall scale-up activities. The EXIM-supported funding remains a critical catalyst for advancing Electrovaya’s domestic manufacturing capabilities, enabling the Company to serve the rapidly expanding demand for high-durability lithium-ion batteries across material handling, robotics, heavy equipment, and stationary energy-storage markets. During the past week, Electrovaya’s CEO and CFO have executed open-market purchases of the Company’s common shares. These insider transactions underscore management’s confidence in Electrovaya’s growth trajectory, commercialization initiatives, and long-term shareholder value creation. Full details of the insider purchases have been filed through the appropriate securities regulatory reporting systems. Electrovaya will be utilizing proceeds from its November 6, 2025 equity offering for investments that strengthen the Company’s technology roadmap and expand its addressable markets. Key initiatives include: Rapid-Charging Enhancements to the Infinity Battery Platform: Investments to accelerate development of advanced fast-charge capabilities while maintaining the Infinity technology’s industry-leading cycle life and safety profile. These developments hold particular interest in robotic applications and data center applications that require rapid charging capabilities. Separator Technology Development: Funding directed toward next-generation separator architecture tailored for improved thermal performance and domestic supply chains. Solid-State Battery Development: Strategic R&D investment to advance Electrovaya’s solid-state program, focused on the Company’s proprietary high-safety, high-energy-density technology with the objective to bring it to a commercialization. Energy-as-a-Service Program Expansion: Capital deployment to scale the Company’s energy-as-a-service initiatives, supporting recurring-revenue models and enabling customer adoption of Electrovaya’s batteries with lower upfront capital requirements. The Company believes these investments will reinforce its technology leadership and support long-term revenue and margin expansion across multiple electrification verticals.”