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Electrovaya Inc. Announces Pricing of US$11.1 Million Public Offering ...
Electrovaya Inc. Announces Pricing of US$11.1 Million Public Offering of Common Shares TORONTO, Dec. 17, 2024 (GLOBE NEWSWIRE) -- Electrovaya Inc. (“Electrovaya” or the “Company”) (NASDAQ: ELVA; TSX: ELVA), a leading lithium-ion battery technology and manufacturing company, announced today the pricing of its previously announced public offering (the “Offering”) of 5,175,000 common shares in the capital of the Company (“Common Shares”) at a price to the public of US$2.15 per Common Share. Roth Capital Partners (“Roth”) is acting as sole book-running manager, Raymond James Ltd. and Craig-H...
- Shawn Severson
3Q23 Results: Revenue of $10.5 Million; Registers Positive EBITDA and ...
In 3Q23, Electrovaya achieved revenue of $10.5 million, a 160% Y/Y increase from $4.1 million in 3Q22. The increase in revenue was due to increased order volume and a ramp-up in production to meet demand. Guidance of $42 million for the year has been reiterated. Revenue was predominantly from the sale of batteries for materials handling electric vehicles (MHEVs), which accounted for $9.6 million (~91%) in 3Q23 versus $4.2 million (~98%) in 3Q22. The sale of engineering services, research grants,...
- Shawn Severson
Water Tower Hour Recap: CEO Reviews Focus on Profitable Growth and Sig...
In case you missed it, we recently hosted Electrovaya CEO Dr. Raj DasGupta for our Water Tower Hour podcast, covering several interesting topics, including: Key technological advantages and properties of the company’s proprietary Infinity Battery Platform. A review of the solid financial momentum and performance in 2023. A look at the recent successful uplisting to NASDAQ. Electrovaya’s strategy for continued growth into 2024 and beyond. The development of new applications in commercial vehicles...
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