Water Tower Research (WTR) is soliciting investor interest in 1x1 meetings with Dr. Raj DasGupta, CEO of Electrovaya, Inc. (OTC: EFLVF) in New York on Wednesday, December 7th. Virtual meetings are also available. Electrovaya is a pure play North American lithium-ion battery technology and manufacturing company on track for rapid growth.  The company has recently announced a new gigafactory to expand capacity in the US.

Please click here or reply to this email to indicate your interest. WTR will contact you to coordinate. 

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 Why Meet with Electrovaya? 

• On Track for Rapid Growth.  Electrovaya recently provided revenue guidance for 4Q of $9.7 million, + 131% Y/Y and compared to $4.3 million in 3Q.  Revenues increased to $19.5 million, +68% for the full year F22. For FY23, the company reiterated its revenue guidance of $42 million.
• Global Commercial EV Market is projected to grow at a CAGR 2021-2027 of 20.9% with North America representing over half the market.
• US Expansion improves capacity and gross margins. The recently announced new gigafactory plant in Jamestown, NY will allow Electrovaya to onshore manufacturing and streamline supply chains to support projected battery demands. It will lower costs, increase margins, and give the company access to US incentives.
• Premium Performance and Next Gen SSB technologies. Electrovaya offers two complementary technologies targeting various EV applications. Infinity batteries currently available lead the industry in longevity; and Solid-State batteries (SSBs) in late-stage production will offer industry leading densities. Infinity batteries also offer superior safety features and the lowest cost of ownership based on proprietary separator and electrolyte technology.  Electrovaya has over 100 patents and applications including some of the most important areas of lithium-ion battery technology from separators to electrode processing and lithium-ion cell design.
• Leading Partners. Electrovaya has strong OEM relationships with some of the leading industrial vehicle manufacturers and numerous Fortune 100 and blue-chip customers. OEMS: Raymond, Jabil.  End Users: Walmart, Toyota, Unilever, Mondelez, P&G, among others.