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Electrovaya Inc. (TSX: EFL) is a developer and manufacturer of portable Lithium-ion battery power solutions for the automotive, power grid, medical and mobile device sectors. The company is based in Mississauga, Ontario, Canada.
Electrovaya designs and manufactures Lithium Ion SuperPolymer® batteries for the clean transportation, smart grid, consumer and healthcare markets. The Company’s mission is to accelerate the development of clean transportation such as zero-emission electric vehicles and plug-in hybrid electric vehicles.
The company claims to have over 150 patents (issued and pending) pertaining to its SuperPolymer 2.0 battery technology and various system architectures. Electrovaya technology has been used by NASA and in the Scribbler tablet computer and sold them under license.
It is a publicly traded company listed on the Toronto Stock Exchange under the symbol EFL. The founders of the company, Dr. Sankar Das Gupta and Dr. Jim Jacobs, began their research into battery technologies in 1983. The company went public in 2000.
Most recently, 2016, EFL has seen its share value jump by 300% and has signed multimillion dollar contracts with a number of companies in Europe and North America.
The company has done past work for NASA.
In the past, Electrovaya has partnered with Tata Motors and Miljø Grenland/Innovasjon to manufacture batteries and electric cars using Electrovaya’s Lithium Ion SuperPolymer battery technology. The Tata Indica EV was scheduled to be launched in Norway in 2009 and India in 2010. It was purported that Electrovaya’s batteries could deliver 120 of range.
The first all-electric car-sharing program in the U.S. debuted at Baltimore's Inner Harbor with Electrovaya offering its Maya-300 for rent at the Maryland Science Center. The car could go up to 120 miles (190 km) on one charge of its lithium-ion battery system.