Thank you in advance to provide me the information above.
Norwood
Please also see this answer from last week. Electrovaya Inc. (ELVA) designs, develops, and manufactures proprietary lithium-ion batteries and energy storage systems using its Infinity Battery Technology Platform, focusing on high-safety and long-lasting performance for heavy-duty electric vehicles and industrial applications. The company generates primary revenue through sales of battery packs and systems via OEM strategic supply agreements and a direct sales force, targeting sectors like material handling (80-85% of near-term revenue), robotics, defense, airport ground support equipment, and energy storage. Electrovaya is expanding into recurring revenue via energy-as-a-service (EaaS), software-based solutions like AI-driven demand response and battery analytics subscriptions, aftermarket services, and maintenance contracts to enhance long-term profitability as its installed base grows. These initiatives, set for fiscal 2026 scaling, support customer adoption with lower upfront costs and leverage the company's IP in design, production, and management for a competitive moat. Consensus calls for $124M in sales next year and $15M in profit. Analysts expect more than $200M in sales in 2029.