Electrovaya Inc T.ELVA

Could this be it?

[MaterialsMan]

Is this the moment we longs have all been waiting for?
Sounds like a real big deal. Could be a specialty niche. Very curious to know why Electrovaya was chosen.
Hopefully there will be some substantial spin applied during the conference call within a few days.
I don't think the exact date and time has been released.
There should be some good questions asked during the Q&A session.

[Stockholder2008]

First I think Electrovaya was chosen because the batteries are intended to go into heavy duty construction equipment and mining equipment. Second this could be a very big deal as Electrovaya will be supplying multiple MULTIPLE OEMs.  For example:  Kubota and Sumitomo Construction Machinery Initiate Talks on the Specifics of OEM Supply https://www.kubota.com/news/2023/20231031.html

[Stockholder2008]

Just one day after the Electrovaya Sumitomo"s  contract we see this: Today, Gogoro announced signing an MOU to form a new partnership with Japanese giants Sumitomo Corporation and Sumitomo Mitsui Finance and Leasing Co., Ltd. (SMFL) to accelerate Gogoro’s global business expansion. The agreement is set to provide Sumitomo and SMFL access to Gogoro’s Smart Batteries and battery-swapping

[Stockholder2008]

I do not think Gogoro will be using Electrovaya's batteries.  What I think is that Sumitomo has a prospective OEM customer that wants to use battery swapping.  It will probably be another quarter before we learn who........or longer as this technology is adapted with the infinity celled battery.

[MaterialsMan]

I wasn't familiar with battery swapping applications, even though I do it all the time with my assortment of ego lawn care appliances. It seems particularly suitable for forklift applications.  Beats sideliniing a forklift while it recharges. Apparently Tesla tried to intro the concept for its EV's but dropped the idea for lack of interest. They had even built a network of swapping

[Stockholder2008]

The Electrovaya infinity battery has eliminated the need for swapping like the old liquid lead acid batteries in forklifts.  That is one of their advantages, increased operating time.  It looks like Sumitomo is contemplating battery swapping for large construction equipment or mining equipment.  Mining equipment would be my guess.  I believe that would be something new