Bullboard - Stock Discussion Forum Electrovaya Inc T.ELVA

Alternate Symbol(s): ELVA

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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... see more

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Electrovaya Inc > Refinancing and Jamestown Construction

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Post by Stockholder2008 on Mar 04, 2024 12:48pm

Refinancing and Jamestown Construction

It is my understanding that Electrovaya completed the refinancing of debt on Feb 15th. The government loan money is still waiting on final release paperwork.

In about 2015 Electrovaya bought a battery plant in Germany that used the old NMP (liquid) process. It was environmentally troubling and Hi cost of operation. Electrovaya was going to change out the process for the one they had invented (developed). Things did not go just right and Germany would not give Electrovaya the construction money. Also the customer discontinued the purchase of the hi cost cells. So no money and no customer the Plant went bankrupt. Electrovaya did get the ceramic seperator out of the deal.

So now we are here today with Jamestown being built with the Environmentally safe LOWER cost of production dry process. Watch the linked video and see how much lower the cost of manufacturing will be.

https://www.youtube.com/watch?v=kzz4NHwSXgI

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