ELECTROVAYA

Electrovaya Inc. (NASDAQ:ELVA)(TSX:ELVA) is a pioneering leader in the global energy transformation, focused on contributing to the prevention of climate change by supplying safe and long-lasting lithium-ion batteries. Electrovaya is a Lithium ion battery market leader with over 25 years of expertise in designing, developing and manufacturing proprietary Lithium-ion battery systems and battery-related products for clean electric transportation. The company is technology focused with extensive IP (for components and manufacturing processes) focusing on providing superior battery quality as a technology differentiator through its Infinity Battery Technology Platform.

The Company launched its advanced Infinity Battery platform in 2018 for demanding and mission-critical applications where longevity and fire safety are critical metrics . This technology offers superior battery quality allowing for an outstanding combination of performance, safety, and longevity. With the premium performance, Electrovaya is focusing on supplying niche markets with two product lines: the low voltage line (Infinity-LV) targeting Material handling equipment & Autonomous Guided vehicles, and the High Voltage line (Infinity-HV) for electric trucks, Electric buses and Heavy Duty Mining/Construction equipment.

While fire safety is a critical concern in passenger vehicles, the potential damage of fires is drastically compounded in vehicles which hold many passengers, carry out critical functions, or operate in the vicinity of large capital assets. Electrovaya’s Infinity batteries currently leverage key safety technologies across the battery system design which allow for remarkable stability when subject to extreme thermal stress, mechanical shock, and electrical abuse while using high energy batteries.

The long cycle life of the infinity batteries was achieved through years of research and development, extending the battery’s lifetime and setting the industry standards (End of Life (EOL) ~14000 cycles, equivalent to 3.5 million miles for a 250-mile range). The outstanding longevity of infinity batteries provides the lowest cost of ownership compared to other lithium ion batteries, fuel cells and lead acid batteries.

The Company has consistently invested heavily in research and development for the entire company’s existence and plans to continue to do so in the years to come. Electrovaya is also developing next generation solid state battery technology at its Labs division. Headquartered in Ontario, Canada, Electrovaya has two operating sites in Canada and has acquired a 52-acre site with a 135,000 square foot manufacturing facility in New York state for its planned gigafactory. To learn more about Electrovaya, please explore www.electrovaya.com.