A shaking outIt appears that manufacturers of ev's, whether they be trucks, buses, autos or whatever, that are not producing at scale are having a lot of difficulty staying in business.
Big time investors do not seem to be in any hurry to come to the rescue.
There's a big shakout going on.
Electrovaya's customer base may or may not be immune to exposure of this nature.
It's becoming a jungle out there. It will probably come down to survival of the fittest.
I hope ELVA fits in to that category.
I also hope that they don't have any iffy receivables.