Electrovaya Provides a Business Update

Core Insights - Electrovaya Inc. provided a business update highlighting insider stock purchases, progress on its Jamestown gigafactory, and capital deployment from a recent equity raise [1][4][5] Group 1: Business Developments - The company is making steady progress on its lithium-ion cell and battery manufacturing facility in Jamestown, New York, supported by drawdowns from a direct loan facility from the Export-Import Bank of the United States (EXIM) [2][3] - The EXIM-supported funding is crucial for enhancing Electrovaya's domestic manufacturing capabilities to meet the growing demand for high-durability lithium-ion batteries in various markets [3] Group 2: Insider Transactions - Recent open-market purchases of common shares by the CEO and CFO demonstrate management's confidence in the company's growth and long-term shareholder value creation [4] Group 3: Capital Deployment - Proceeds from the November 6, 2025 equity offering will be used for several key initiatives, including: - Enhancements to the Infinity Battery Platform for rapid-charging capabilities [5] - Development of next-generation separator technology for improved thermal performance [5] - Strategic R&D investment in solid-state battery technology [5] - Expansion of the Energy-as-a-Service (EaaS) program to support recurring revenue models [5][6] Group 4: Upcoming Financial Results - Electrovaya plans to provide further operational updates with the publication of its fiscal fourth-quarter financial results, expected during the week of December 8, 2025 [7]