Electrovaya (TSE:ELVA) has released an update.
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Electrovaya Inc., a leader in lithium-ion battery technology, has successfully closed a public offering, raising approximately $11.1 million. The company plans to use the funds to meet conditions related to a loan from the Export-Import Bank of the United States and to repay existing financial obligations.
For further insights into TSE:ELVA stock, check out TipRanks’ Stock Analysis page.
