Electrovaya looks back on a year of 100% growth in the green energy market
Toronto
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May 15, 2023 11:56 AM Eastern Daylight Time
Electrovaya CEO Raj DasGupta joins Natalie Stoberman from the Proactive studio to discuss how the company has grown as a battery supplier for globally recognized corporations. DasGupta says the company has seen 100% rate of growth over the past year as a supplier in the material handling sector.
In the last quarter, DasGupta adds Electrovaya has achieved its first net profit with record revenue of $10.5 million and over $20 million in purchase orders. Electrovaya is a technology-focused company with extensive IP, designs, develops, and manufactures proprietary lithium-ion batteries, battery systems, and battery-related products for energy storage, clean electric transportation, and other specialized applications.
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