About Electrovaya
Electrovaya is a company based in Mississauga (Canada) founded in 1997 by Sankar Das Gupta.. The company has 97 employees as of September 30, 2024. Electrovaya has completed 1 acquisition, including Miljobil Grenland. Electrovaya offers products and services including Infinity Battery Cells and Infinity Battery Systems. Electrovaya operates in a competitive market with competitors including QuantumScape, Factorial Energy, Solid Power, VARTA and Cuberg, among others.
- Headquarter Mississauga, Canada
- Employees 97 as on 30 Sep, 2024
- Founders Sankar Das Gupta
- Stage Public
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Social
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- Legal Name Electrovaya Inc.
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Annual Revenue
$64.1 M (USD)46.98as on Sep 30, 2025
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Net Profit
$3.38 M (USD)0as on Sep 30, 2025
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EBITDA
$7.01 M (USD)342.01as on Sep 30, 2025
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Latest Funding Round
$1.45 M (USD), Grant
Oct 17, 2024
- Investors
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Employee Count
97
as on Sep 30, 2024
- Investments & Acquisitions
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IPO & Listings of Electrovaya
Electrovaya is a publicly listed company on the TSX with ticker symbol ELVA in Canada, operating in the Producer manufacturing sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Electrovaya
Electrovaya offers a comprehensive portfolio of products and services, including Infinity Battery Cells and Infinity Battery Systems. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Delivers safe NMC-based lithium-ion cells for energy storage applications.
Provides high cycle life batteries for low and high voltage industrial uses.
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Funding Insights of Electrovaya
- Total Funding Total Funding
- Total Rounds 7
- Last Round Grant — $1.5M
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First Round
First Round
(01 Mar 2017)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2024 | Amount | Grant - Electrovaya | Valuation |
investors |
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| Nov, 2022 | Amount | Post-IPO - Electrovaya | Valuation |
investors |
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| Sep, 2019 | Amount | Debt – Conventional - Electrovaya | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Electrovaya
Electrovaya has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Government of Canada. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Online platform providing access to a wide range of government services and information
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Electrovaya
Electrovaya has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Miljobil Grenland. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Energy storage, electric vehicles, and proprietary battery systems are developed.
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1997 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Electrovaya
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Electrovaya Comparisons
Competitors of Electrovaya
Electrovaya operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as QuantumScape, Factorial Energy, Solid Power, VARTA and Cuberg, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Solid-state lithium-metal batteries are manufactured with anode-less cell design.
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| domain | founded_year | HQ Location |
Sustainable solid-state batteries are developed for vehicles and infrastructure.
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| domain | founded_year | HQ Location |
Solid-state lithium-ion batteries are developed with solid electrolyte layers.
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| domain | founded_year | HQ Location |
Lithium-ion batteries and storage systems are manufactured for diverse applications.
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| domain | founded_year | HQ Location |
Lithium-ion batteries are developed using a patented solid electrolyte.
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| domain | founded_year | HQ Location |
Manufacturer of thin and flexible lithium-ion batteries
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Electrovaya
Frequently Asked Questions about Electrovaya
When was Electrovaya founded?
Electrovaya was founded in 1997 and raised its 1st funding round 20 years after it was founded.
Where is Electrovaya located?
Electrovaya is headquartered in Mississauga, Canada. It is registered at Mississauga, Ontario, Canada.
Who is the current CEO of Electrovaya?
Sankar Das Gupta is the current CEO of Electrovaya. They have also founded this company.
How many employees does Electrovaya have?
As of Sep 30, 2024, the latest employee count at Electrovaya is 97.
What is the annual revenue of Electrovaya?
Annual revenue of Electrovaya is $64.1M as on Sep 30, 2025.
What does Electrovaya do?
Electrovaya was established in 1997 in Mississauga, Canada, within the energy storage sector. Lithium-ion batteries and battery management systems are developed and produced for applications in automotive, power grid, medical, and mobile device fields. Operations emphasize integration of these components to support diverse industrial needs, with a focus on reliability and efficiency in power delivery.
Who are the top competitors of Electrovaya?
Electrovaya's top competitors include Ion Storage Systems, Solid Power and QuantumScape.
What products or services does Electrovaya offer?
Electrovaya offers Infinity Battery Cells and Infinity Battery Systems.
Is Electrovaya publicly traded?
Yes, Electrovaya is publicly traded on TSX under the ticker symbol ELVA.
How many acquisitions has Electrovaya made?
Electrovaya has made 1 acquisition, including Miljobil Grenland.
Who are Electrovaya's investors?
Electrovaya has 1 investor. Key investors include Government of Canada.
What is Electrovaya's ticker symbol?
The ticker symbol of Electrovaya is ELVA on TSX.