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Electrovaya Ranks Fourth Among Canada's Enterprise - Industry Leaders in Deloitte's Technology Fast 50(TM) Program

  • Electrovaya Inc. secured the fourth rank among Enterprise-Industry Leaders winners in Deloitte's Technology Fast 50 program.
  • The company achieved a 354% four-year revenue growth, marking its fourth consecutive appearance on the ranking.
  • Eligibility for this category required a minimum revenue of $10 million in 2021 & $50 million in 2025.
  • Winners are automatically eligible for the broader Deloitte North American Technology Fast 500 ranking.
  • CEO Dr. Raj Das Gupta attributed the recognition to the adoption of Electrovaya's Infinity Battery Technology, which enhances safety & longevity.
  • The company is seeing increased demand from material handling, robotics, defense, & AI data center infrastructure sectors.
  • Electrovaya plans to expand manufacturing capacity at its 52-acre site in Jamestown, New York, to meet growing demand.
  • The Jamestown facility includes a 135,000 square foot manufacturing space intended to operate as a gigafactory.
  • The company holds extensive IP & designs for proprietary lithium-ion batteries used in energy storage & clean electric transportation.
  • Forward-looking statements include expectations regarding the Jamestown operations, potential 45X Production Tax Credits, & customer adoption by entities like Amazon.