Electrovaya Inc. · TSX:ELVA
Electrovaya — Investor Presentation (May 2025)
22 slides from Electrovaya's investor presentation, May 2025
Slide 1: Investor Presentation May 2025
Investor Presentation May - 2025 (All figures in USD) NASDAQ : ELVA TSX : ELVA
Slide 2: Safe Harbor Statement
Safe Harbor Statement Forward-looking statements: This presentation contains forward-looking statements and forward looking information (collectively, "forward-looking statements"), including statements that relate to, among other things, the size of the Company's addressable market and target verti
Slide 3: Electrovaya at a Glance
Electrovaya at a Glance Infinity Technology - Safety & Longevity Industry leading Safety & Longevity validated by third party & field data High and Low Voltage Battery Systems Proprietary Ceramic Separator Technology - 30+ patents Domestic Manufacturing Perfect Safety Record - 30,000+ batteries deploy
Slide 4: Competitive Landscape - Unique Advantages
Competitive Landscape -Unique Advantages Electrovaya Competitors Safety Safety Safety Fully embedded ceramic separators reduce risks Lacks advanced safety features propagating fire Longevity Safety Longevity One battery lasts 10–15 years of daily use Requires 2–5 replacements over 10-15 years Outlast
Slide 5: Addressable Markets are Extensive
Addressable Markets are Extensive MARKET SIZE TARGET APPLICATIONS Total: $113.5 Billion Addressable Market in 2024* Train E-truck Material Handling Mining $1.5 billion $7.8 billion $33.3 billion Defense Energy Storage Locomotive Construction $70.9 billion Electric commercial vehicle Material handlin
Slide 6: Electrovaya Powered - Mission Critical & 24/7
Electrovaya Powered - Mission Critical & 24/7 Total 30,000+ Infinity Battery systems deployed Powering over 200 warehouses & logistic centers Empowering mission-critical operations electrovaya.com NASDAQ : ELVA | TSX : ELVA 6
Slide 7: Customers and Partners - Infinity Batteries
Customers and Partners - Infinity Batteries Strategic Partnership Example OEM Customers End Users Example (not a full list) electrovaya.com NASDAQ : ELVA | TSX : ELVA 7
Slide 8: Opportunities - New Target Verticals
Opportunities - New Target Verticals With a strong foundation built in the Materials Handling space, we are beginning a transition to new vertical industries in 2025 and beyond Mining & Construction Defense • Near continuous operation • High use applications • Highest cycle-life demand in EV industr
Slide 9: Infinity Technology - Safety is our Top Priority
Infinity Technology - Safety is our Top Priority Fires are a common risk with typical lithium-ion batteries electrovaya.com NASDAQ : ELVA | TSX : ELVA 9
Slide 10: Infinity Technology - Safety is our Top Priority
Infinity Technology - Safety is our Top Priority INFINITY BATTERIES PROVIDE ADDITIONAL TYPICAL BATTERIES PROPAGATE FIRE PREVENTION TO FIRE PROPAGATION No fire Nail Penetration Test Nail Penetration Test Fire Propagation Test No flames escaped the Risks costly damage battery enclosure and downtime No in
Slide 11: Product Differentiation - Ceramic Separator
Product Differentiation - Ceramic Separator Full Ceramic vs Coated PO Separator Thermal Stability Coated PO Full Ceramic Coated PO Full Ceramic 15 min at 130°C Ceramic-Coated PO Separator (Competitors) Fully Embedded Ceramic Separator (Electrovaya) ● Heat Stability Advantage: Unlike competitors' cer
Slide 12: Multi-Million-Mile Batteries - Lowest Cost of Ownership
Multi-Million-Mile Batteries - Lowest Cost of Ownership Consumer Electronics E-Bike EV Forklift (MHE) E-Bus Energy storage 500 1000 2000 5000 9000 Longevity *CYCLE EQUIVALENT: 1 14,000 cycles is equivalent to 3,500,000 miles for 250-mile range car 3 2 1 ) Greencarreports electrovaya.com NASDAQ : ELV
Slide 13: Third Party Testing & Certifications
Third Party Testing & Certifications Proven technology supported by extensive 3rd party testing & validation Performance Safety Quality ✓ Cycle life Cells, modules & packs Our production sites adhere to the utmost ✓ Internal Resistance Cells passed all abuse tests at EUCAR Hazard Level 2 quality stan
Slide 14: Leveraging Longevity Advantage - Recurring Revenue
Leveraging Longevity Advantage - Recurring Revenue Growing Segments Approx. Margins Lease/Rentals • Lower upfront costs (with OEM supported residual value) Capabilities • Ability to participate in off-lease opportunities 0-5 yrs : 30% • Rentals are a small but growing offering and in use with 6-10 yrs
Slide 15: Global Reach
Global Reach Electrovaya Corp & Labs Mississauga, ON, CA Electrovaya Gigafactory Jamestown, NY, USA Electrovaya Japan coming soon electrovaya.com NASDAQ : ELVA | TSX : ELVA 15
Slide 16: US Manufacturing Expansion - Jamestown
US Manufacturing Expansion - Jamestown MADE IN USA Improves profitability, domestic supply chains and opens more market opportunities FUNDED Fully funded expansion plan with a $50.8 million direct loan from Export Import Bank of the United States (EXIM) ‘Make More in America’ initiative OWNED 137,000
Slide 17: US Manufacturing Expansion - Jamestown
US Manufacturing Expansion - Jamestown STRATEGIC AND FINANCIAL FINANCIAL BENEFITS HIGHLIGHTS • Provides reliable, domestic supply of lithium-ion • ~$50 million capital expenditure cells (built in America) • Closed $50.8 million loan by EXIM Bank, Make • Meets growing customer demand More in America
Slide 18: Our Products: Technology Solutions
Our Products: Technology Solutions Complementary technologies targeting a number of EV applications Infinity Batteries provide industry leading longevity and SSBs provide industry leading energy density Commercial today In development stage Global partners & users Superior safety & lowest cost of Hig
Slide 19: ELVA SSBs - Unparalleled Ceramic Separator Experience
ELVA SSBs - Unparalleled Ceramic Separator Experience Electrovaya has developed a scalable manufacturing approach for the preparation of flexible ceramic composite separators for SSBs Proof-of-Concept Separator Scaling to > 100cm² SSB Pouch Cell Development Separator Manufacturing Prototyping electro
Slide 20: Financial Performance - Profitability Inflection Achieved
Financial Performance - Profitability Inflection Achieved Reaching an inflection point…. Set to be one of the only profitable battery companies in North America • Revenue and Adj. EBITDA have continued to improve due to increased orders driven by strong market demand with now 8 consecutive quarters of b
Slide 21: Summary Balance Sheets and Cap Table
Summary Balance Sheets and Cap Table Select Balance Sheet Items CapTable As of 03/31/2025 (US$ in thousands) 03/31/2025 03/31/2024 Outstanding shares 40,106,915 Cash $283 $1,116 Trade and other receivables 18,073 8,875 Outstanding warrants 1,420,000 Inventories 7,980 11,261 Other current assets 8,96
Slide 22: Investor & Media queries, please contact
Investor & Media queries, please contact: Jason Roy VP, Corporate Development & Investor Relations Phone: 905-855-4618 Email: jroy@electrovaya.com Web: www.electrovaya.com