Electrovaya Closes $50.8 Million Direct Loan with Export-Import Bank of the United States (“EXIM”) to Expand U.S. Battery Manufacturing [Yahoo! Finance]
Electrovaya Inc. (ELVA)
Company Research
Source: Yahoo! Finance
Combination of EXIM Funding with $20 million BMO Credit Facility and $12 Million Equity Capital from December 2024 Provides Electrovaya with Over $80 million for Aggressive U.S. Expansion Electrovaya has Met Substantially All Condition Precedent Requirements to Drawdown on the EXIM Facility JAMESTOWN, NEW YORK / ACCESS Newswire / March 10, 2025 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, is pleased to announce that it has closed a direct loan in the amount of US$50.8 million from the Export-Import Bank of the United States ("EXIM") under the bank's ‘Make More in America' initiative. The Company has also met substantially all of EXIM'
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ELVA
News
- Analysts Expect Electrovaya Inc. (TSE:ELVA) To Breakeven Soon [Yahoo! Finance]Yahoo! Finance
- Contract Win Sends Shares Of Battery Technology Company Higher [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Electrovaya Inc (ELVA) Q1 2025 Earnings Call Highlights: Navigating Challenges with Strategic Growth [Yahoo! Finance]Yahoo! Finance
- Electrovaya First Quarter 2025 Earnings: EPS Beats Expectations, Revenues Lag [Yahoo! Finance]Yahoo! Finance
- Electrovaya Inc. (NASDAQ: ELVA) had its "buy" rating re-affirmed by analysts at Roth Mkm. They now have a $5.00 price target on the stock, up previously from $4.00.MarketBeat
ELVA
Sec Filings
- 3/10/25 - Form 6-K
- 3/10/25 - Form 6-K
- 3/6/25 - Form 6-K
- ELVA's page on the SEC website