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Electrovaya Inc T.ELVA

Alternate Symbol(s):  ELVA

Industrials
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

Electrovaya Inc
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Comment by GerritEtmanson May 05, 2015 12:27pm
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Post# 23695422

RE:RE:RE:RE:Do of us, EFL will never raise the capital

RE:RE:RE:RE:Do of us, EFL will never raise the capitalI believe that your assumptions about the $30Million contract are correct.  There was the LG-Chem news release (2015-Mar-29) that they would supply all cells for the 2016 Smart.  $30 Million for cells amounts to about 120,000 kWh.  Each Smart has a 16.6kWh battery, so that would be an annual production of 7200 Smart-EVs.  That sounds about right...
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Dealroom for high-potential pre-IPO opportunities