Electrovaya (TSE:ELVA) has released an update.
Electrovaya Inc. has reported encouraging financial results for the third quarter of FY2024, with a revenue of $10.3 million and a positive adjusted EBITDA. The company is advancing its strategic financing goals, including negotiations for a U.S. federal agency-backed financing for a new lithium-ion battery plant in Jamestown, New York, and shows optimism for future revenue growth despite current order delays.
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