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Electrovaya Inc T.ELVA

Alternate Symbol(s):  ELVA

Electrovaya Inc. is a Canada-based lithium-ion battery technology and manufacturing company. The Company designs, develops and manufactures lithium-ion batteries and battery systems for energy storage, clean electric transportation, heavy duty electric vehicles and other specialized applications based on its Infinity Battery Technology Platform. The Company is focused on contributing to the prevention of climate change by supplying safe and long-lasting lithium-ion batteries. The Company is also developing next generation solid state battery technology at its Labs division. The Company has two operating sites in Canada and has a 52-acre site with approximately 135,000 square foot manufacturing facility in New York state. Its battery products are used across various applications, including material handling, e-mobility and energy storage.


TSX:ELVA - Post by User

Comment by Stockholder2008on Jul 06, 2021 11:05am
92 Views
Post# 33498806

RE:Ottowa moving forward with Electric Busses

RE:Ottowa moving forward with Electric Busses Ottowa Council endorses plan to make OC Transpo bus fleet fully electric by 2036 Council endorses plan to make OC Transpo bus fleet fully electric by 2036
City Council today approved a plan for OC Transpo to convert its bus fleet to zero-emission buses (link is external). The City will enter into a loan agreement with the Canada Infrastructure Bank and will seek funding from Infrastructure Canada to gradually convert the bus fleet in a way that is affordable under the City’s long-range financial plan for transit. All future bus purchases will be for zero-emission buses, provided they meet operational needs.
If funding is secured, OC Transpo will purchase 74 40-foot battery-electric buses and charging infrastructure as part of the City’s 2022 capital budget. The buses would be put into service in 2023, joining four zero-emission electric buses being put into service later this year. OC Transpo aims to phase in 450 zero-emission buses by 2027 and have a fully electric bus fleet by 2036.
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Well Electrovaya shipped one battery and this is the same government program Electrovaya is working with so I think it is a safe bet that Electrovaya has a horse in this race.  Four test busses = four different batteries being tested.  Will Electrovaya best the others?  If the Raymond response to the Electrovaya battery is taken into account, I think Electrovaya has a good chance!  JMHO

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