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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

Post by onlygameon Mar 17, 2021 7:19am
210 Views
Post# 32814579

Electrovaya launches electric bus battery

Electrovaya launches electric bus battery

Electrovaya launches electric bus battery

2021-03-17 06:58 ET - News Release

Dr. Raj Das Gupta reports

ELECTROVAYA ANNOUNCES COMMERCIAL LAUNCH OF ITS ELECTRIC BUS BATTERY

Electrovaya Inc. has launched its electric bus lithium-ion battery systems with the delivery of a 700-volt, 300-kilowatt-hour battery. This product launch marks Electrovaya's entry into the rapidly growing electric bus market.

Electrovaya's solution leverages the fundamental advantages of its key battery technology:Safety: Provides industry-leading safety, as demonstrated in the e-car and e-materials handling sectors, including UL2580 listing for the latter;Long Cycle-Life and High Energy Density: Superior long-term performance standards;Cost of Ownership: Lowest overall cost of ownership to bus operators and OEMs due to superior cycle life;Proprietary Technology: Substantial intellectual property in cells, BMS and systems;Modular Design: 100-700 kWh battery systems for e-buses; andFossil-Free Future: Significant reduction in greenhouse gas emissions.

This development was supported by Sustainable Development Technology Canada (SDTC). In 2017, SDTC had signed a C$3.8 million R&D contract with Electrovaya to develop safe and long-lasting lithium ion ceramic batteries for electric buses.

"Electrovaya is a great example of how Canadian entrepreneurs are leading the way in developing solutions that Canada and the world needs," said SDTC President and CEO Leah Lawrence. "By expanding their offering of lithium ion battery solutions to the electric bus supply chain, the team at Electrovaya is helping to make our transportation systems more sustainable and reduce greenhouse gas emissions."

"We are delighted to enter this market with our strong and unique product offering," said Dr. Raj Das Gupta, Chief Operating Officer of Electrovaya. "Electrovaya has spent considerable time and effort to develop a solution that meets the demanding application requirements of electric buses. Our technology has a unique blend of cycle life, safety, energy, and power performance that are ideal for this application. We expect to replicate the success Electrovaya has achieved in the materials handling industry, in this emerging electric bus sector."

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