Electrovaya Commences Drawdown on Export-Import Bank of the United States ("EXIM") Loan Facility and Provides a Business Update

Core Insights - Electrovaya Inc. has initiated drawdowns on its $50.8 million EXIM debt Facility, which is designated for capital and engineering expenses at its Jamestown, NY facility [1] Financial Developments - The company expects to conduct further drawdowns regularly over the next 12 months, indicating a planned approach to financing its operational needs [1]