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Electrovaya Inc. (TSX: EFL) is a developer and manufacturer of portable power solutions[clarification needed], especially a Lithium-ion battery. They are active in the alternative energy field and recently secured a contract with Scottish and Southern for storage batteries. The batteries enable smoother use of the smart grid by enabling power companies to store power during periods of low demand and increase supply during peak demand times. Traditional power generation meant that excess electric power was just wasted, however with developments in battery technology, such as that from Electrovaya, it has been possible to store the electricity generated. Electrovaya technology has also been used by NASA in space. They also manufacture tablet computers. The company is based in Mississauga, Ontario, Canada.
Electrovaya designs, develops and manufactures proprietary Lithium Ion SuperPolymer® batteries, battery systems, and battery-related products for the clean transportation, smart grid power, consumer and healthcare markets. The Company’s mission is to accelerate clean transportation as a commercial reality with its advanced power system for all classes of zero-emission electric vehicles and plug-in hybrid electric vehicles.
Electrovaya has over 150 patents, issued and pending. These protect its proprietary: SuperPolymer battery technology; and Systems technologies (iBMS, packaging design, systems design)
It is a publicly traded company listed on the Toronto Stock Exchange under the symbol EFL. The founders of the company, Sankar Das Gupta (PhD Imperial College London) and Jim Jacobs, began their research into battery technologies in 1983. The company went public in 2000.
The U.S. nation's first all-electric car-sharing program has debuted at Baltimore's Inner Harbor, with manufacturer Electrovaya that is offering its Maya-300 for rent at the Maryland Science Center. The car can go up to 120 miles (190 km) on one charge of its lithium-ion battery system.