Business
Electrovaya Announces Appointment of Kartick Kumar to its Board of Directors
A seasoned climate change and sustainability investor with extensive emerging market finance...
About this update from Electrovaya Inc.
[{"type":"text","content":"Electrovaya Announces Appointment of Kartick Kumar to its Board of DirectorsA seasoned climate change and sustainability investor with extensive emerging market finance experienceTORONTO, ON / ACCESSWIRE / February 7, 2022 / Electrovaya Inc. (TSX:EFL)(OTCQB:EFLVF), a lithium-ion battery manufacturer with differentiated intellectual property that allows heightened safety and improved longevity enabling industry-leading performance, is pleased to announce the appointment of Kartick Kumar to its Board of Directors, effective immediately.Mr. Kumar is a highly skilled executive and dealmaker with more than two decades of investment and operations experience in frontier markets across Europe, Asia, Latin America, Africa and the Middle East. He has held a range of senior roles within the World Bank Group, the International Finance Corporation (IFC), the private sector (private equity/venture capital), and the multilateral engagement sphere (United Nations, G20).Mr. Kumar brings particular expertise on decarbonization and energy transition issues. Over his career, he has led investments and mobilized more than $2.5 billion of capital for growth-oriented companies active in wind, solar, hydropower and other renewable energies. He has also worked with governments and international financial institutions to set carbon pricing and green banking standards, expanding the range of financial instruments in these areas and channeling global capital flows to renewable energy opportunities in key emerging markets.Mr. Kumar holds degrees in international relations, economics and law from the University of Toronto, Columbia University and Cambridge University.\"We are thrilled to welcome Kartick to the Electrovaya Board,\" said Alexander McLean, Chairman of Electrovaya's Board of Directors. \"Kartick is a highly-valued strategist and long-term impact investor with an impressive track record of supporting high-growth companies across the energy transition space. We believe that his expertise in corporate finance, strategic planning and business development will bring tremendous benefits to Electrovaya.\"\"Climate change is an urgent threat to humanity. As we shift towards a low-carbon, climate-resilient economy, lithium ion batteries have become a crucial element of climate mitigation and energy transformation,\" Mr. Kumar commented. \"Electrovaya is...