Electrovaya, Inc. (EFLVF) Stock Price, Financials & Summary

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SummaryUpdated Jun 1, 2026

Electrovaya Inc. (NASDAQ:ELVA) is a Canadian lithium-ion battery manufacturer founded in 1996 and headquartered in Mississauga, Ontario. Originally incorporated as Electrofuel Inc., the company changed its name to Electrovaya in March 2002 and went public in 2010. The company has evolved from a research-focused battery technology developer into a commercial manufacturer specializing in advanced lithium-ion battery systems for industrial applications. Electrovaya has experienced significant growth in recent years, with revenues increasing from $15.6 million in fiscal 2022 to $44.6 million in fiscal 2024, while achieving consistent profitability improvements and securing major financing for U.S. manufacturing expansion.

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Financials snapshotView financials →

Revenue (TTM)

70.87M

Net Income (TTM)

4.39M

Op. CF (TTM)

−8.88M

Latest newsMore news →

Electrovaya presented at the 17th Annual Midwest IDEAS Conference, outlining its expansion beyond forklift batteries into data centers, robotics, airport equipment, and defense, with commercial production at its Jamestown, New York facility expected in 2027.25d ago

Latest newsMore news →

Electrovaya and Amazon entered into a new commercial agreement with an associated warrant transaction, expanding their existing relationship and establishing a framework for broader collaboration.22d ago Electrovaya presented at the 17th Annual Midwest IDEAS Conference, outlining its expansion beyond forklift batteries into data centers, robotics, airport equipment, and defense, with commercial production at its Jamestown, New York facility expected in 2027.25d ago Electrovaya commenced Factory Acceptance Testing of its automated lithium-ion cell assembly and formation equipment at the equipment manufacturing site for its Jamestown cell manufacturing facility.27d ago