Summary
4EV0 Chart
Electrovaya: Profits Don't Lie, Ample Upside Expected
Electrovaya finally delivers on its promises, reporting back-to-back profitable quarters with record sales and expanding margins. Early wins in warehouse automation, robotics, and defense confirm real commercial traction beyond forklifts. With EBITDA rising fast and a lean balance sheet, valuation implies room for a 100% upside if execution continues.
Electrovaya: Gathering Momentum And Pull Through Demand
Electrovaya is experiencing accelerating momentum, with rising revenue, profitability, and strong pull-through demand from Fortune 100/500 customers driving expansion into new verticals. Proprietary ceramic separator technology delivers industry-leading battery safety and cycle life, securing premium pricing and a wide moat versus competitors. Manufacturing expansion in North America, robust financials, and guaranteed customer-funded R&D support multi-year growth and a new $14 price target.
Electrovaya: Entering A Period Of Explosive Growth
Electrovaya delivered strong Q3 FY2025 results, with 69.54% YoY revenue growth and industry-leading 30% gross margins, confirming self-sustaining profitability. Vertical integration at the Jamestown facility by 2026 will unlock economies of scale, reduce costs, and enhance supply chain resilience. Proprietary Infinity Battery Systems offer unmatched cycle life and safety, driving adoption among Fortune 500 customers and supporting recurring revenue growth.
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Electrovaya Inc. Profile
| Electrical Equipment Industry | Industrials Sector | Rajshekar Das Gupta CEO | XSTU Exchange | CA28617B6061 ISIN |
| CA Country | 97 Employees | - Last Dividend | 16 Jun 2023 Last Split | 8 Jan 2016 IPO Date |
Overview
Electrovaya Inc. is at the forefront of advanced energy solutions, specializing in the design, development, manufacturing, and sale of lithium-ion batteries, battery management systems, and related products for energy storage and clean electric transportation. The company's reach extends across North America, catering to a variety of specialized applications. Initially founded as Electrofuel Inc. in 1996, the entity rebranded to Electrovaya Inc. in March 2002, marking a significant evolution in its operational focus. Headquartered in Mississauga, Canada, Electrovaya has positioned itself as a key player in the shift towards environmentally friendly and efficient electric power technologies.
Products and Services
- Lithium-Ion Batteries and Systems for Materials Handling Electric Vehicles:
Electrovaya produces high-quality lithium-ion batteries and systems specifically designed for electric material handling vehicles. These include forklifts and automated guided vehicles (AGVs). The company's solutions offer substantial advantages in terms of energy efficiency, reliability, and operational lifespan over traditional power sources for industrial vehicles.
- Battery Chargers:
To complement its range of lithium-ion batteries, Electrovaya provides specialized battery chargers. These chargers are engineered to efficiently and safely charge the company's advanced battery systems, ensuring they are optimally maintained and ready for prolonged use in various industrial and transportation settings.
- Electromotive Power Products for Electric Trucks and Buses:
Electrovaya's portfolio extends to electromotive power products tailored for heavier transportation applications, including electric trucks and buses. These innovations cater to the growing demand for more sustainable public and freight transportation options by providing durable, high-capacity power solutions.
- Industrial Products for Energy Storage:
The need for reliable and efficient energy storage solutions in industrial settings is met with Electrovaya's cutting-edge products. Catering to applications such as grid energy storage and backup power systems, the company offers versatile and robust solutions that support the integration of renewable energy sources and enhance energy security.
- Power Solutions and System Building:
Electrovaya demonstrates its broad technical competencies by offering power solutions that include the development and construction of systems for third parties. This service underscores the company's flexibility and expertise in tailoring its technological innovations to meet the specific needs of clients across different sectors.
Contact Information
