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. - Common Shares (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's condition precedents required to begin drawdowns on the loan. This financing will fund Electrovaya's battery manufacturing buildout in Jamestown, New York including equipment, engineering and setup costs for the facility. Electrovaya has rapidly in
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ELVA
News
- Electrovaya (TSX:ELVA) Is Up 23.1% After First Full Year of Profitability - What's Changed [Yahoo! Finance]Yahoo! Finance
- Electrovaya: Profits Are Here And A 2X Is More Realistic [Seeking Alpha]Seeking Alpha
- Electrovaya: Expanding Market Opportunity Can Continue Strong Growth Trend [Seeking Alpha]Seeking Alpha
- Electrovaya (NASDAQ:ELVA) had its "strong-buy" rating reaffirmed by analysts at Raymond James Financial, Inc..MarketBeat
- Electrovaya (NASDAQ:ELVA) was given a new $7.00 price target on by analysts at Roth Capital.MarketBeat
ELVA
Analyst Actions
- 12/11/25 - Raymond James Financial, Inc.
ELVA
Sec Filings
- 11/12/25 - Form 6-K
- 11/10/25 - Form SCHEDULE
- 11/6/25 - Form 6-K
- ELVA's page on the SEC website