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Posted by
Two Blokes Jul 8 -
Filed in
Stock
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Electrovaya Inc. is executing on growth, expanding beyond forklifts into transportation, industrial, mining, and defense markets, supported by new partnerships and a U.S. manufacturing facility. Electrovaya recently secured a supply agreement with Janus Electric for swappable battery packs for the transport industry, potentially driving recurring growth in the coming years. Financially, Electrovaya is targeting a recurring revenue model and has a healthy balance sheet, with order momentum supporting a path to consistent profitability.
