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Electrovaya Inc. (ELVA) is a manufacturing and production company in the standard commercial power equipment industry, based in Mississauga, Canada.
It reported revenue of $63.58 million for fiscal year 2025, up 42.6% from fiscal year 2024, and net income of $3.36 million. In Q1 2026 (the quarter ended December 31, 2025) revenue was $15.55 million, up 39.3% from a year before. United States was its largest region in fiscal year 2025, with 95% of revenue. Its market capitalization was $284.67 million as of October 9, 2026.
Figures from company filings and market data; latest fiscal year ended September 30, 2025; market data as of October 9, 2026.
Electrovaya Inc. engages in the design, development, manufacture, and sale of lithium-ion batteries, battery management systems, and battery-related products for energy storage, clean electric transportation, and other specialized applications in North America. It operates infinity battery systems comprising of low and high voltage systems.
Electrovaya reported $63.58 million in revenue for fiscal year 2025, up 42.6% from $44.59 million in fiscal year 2024. In Q1 2026 revenue was $15.55 million.
United States: 95% of revenue by region in fiscal year 2025, followed by Canada (4%).
$284.67 million as of October 9, 2026.
Listed companies of a similar size in the same industry (standard commercial power equipment) include Energy Vault Holdings, Inc. (NRGV), Methode Electronics, Inc. (MEI), Solid Power, Inc. (SLDP), Microvast Holdings, Inc. (MVST).