Electrovaya Inc. · TSX:ELVA
Electrovaya — Investor Presentation (May 2026)
23 slides from Electrovaya's investor presentation, May 2026
Slide 1: Investor Presentation May 2026
Investor Presentation May 2026 (All figures in USD) NASDAQ : ELVA TSX : ELVA
Slide 2: Safe Harbor Statement
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 m
Slide 3: Electrovaya at a Glance
Electrovaya at a Glance Electrovaya at a Glance Infinity Technology – Safety & Longevity Domestic Manufacturing ✓ High performance battery systems for high and ✓ Existing Engineering & Systems manufacturing in low voltage applications Mississauga, Ontario ✓ New U.S Cell, Module & Systems manufacturi
Slide 4: Electrovaya is Critical for Addressing Battery Safety Requirements
Electrovaya is Critical for Addressing Battery Safety Electrovaya is Critical for Addressing Battery Safety Requirements Requirements Lithium Ion Fires Cycle Life × Lithium ion fires can last longer, cause extensive damage × Short cycle life increases replacement frequency and raises total disruptin
Slide 5: Infinity Technology – Safety is Our Top Priority
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 Risk
Slide 6: Product Differentiation
Product Differentiation Product Differentiation Ceramic Separator Technology Ceramic Separator Technology Coated PO Full Ceramic Heat Stability Advantage: Unlike competitors' ceramic coatings that can shrink or deform under high temperatures, Electrovaya's ceramic separators maintain their structura
Slide 7: Electrovaya's Batteries Outperform Standard Batteries
Electrovaya's Batteries Outperform Standard Batteries Electrovaya's Batteries Outperform Standard Batteries Safety Fully embedded ceramic separators reduce risks propagating fire One 14,000-cycle lifespan lasts 10–15 years of Longevity daily use. Outlasts typical batteries by 3–5x Jamestown, NY lith
Slide 8: Mission-Critical Applications Require Higher Cycle Technology
Mission-Critical Applications Require Higher Cycle Mission-Critical Applications Require Higher Cycle Technology Technology Longer Life Batteries Lower Cost of Ownership Longevity Initial Capacity (Cycles) Energy Storage 15,000 Robotics Forklift (MHE) EV E-Bike Consumer 6,000 Electronics 5,000 2,000
Slide 9: Electrovaya Occupies a Differentiated Position in Landscape
Electrovaya Occupies a Differentiated Position in Electrovaya Occupies a Differentiated Position in Landscape Landscape Traditional Li-Ion / Graphite Silicon Anode / Solid State ✓ The highest safety standards – × Prone to thermal runway × Highest energy density, but 30,000+ batteries deployed with n
Slide 10: $66B Market Opportunity
$66B Market Opportunity $66B Market Opportunity Material Handling • Infinity batteries are the safest NMC-based Li-ion option for high-risk $6B environments like busy warehouses • Over 70% of sales with Fortune 500 companies ESS • Infinity tech offers ultra-long cycle life reducing replacements by m
Slide 11: Customers and Partners – Infinity Batteries
Customers and Partners – Infinity Batteries Customers and Partners – Infinity Batteries Strategic Partnership Select OEM Customers End Users Example (not a full list) electrovaya.com NASDAQ : ELVA | TSX : ELVA 11
Slide 12: Electrovaya Powers Mission Critical Applications 24/7
Electrovaya Powers Mission Critical Applications 24/7 Electrovaya Powers Mission Critical Applications 24/7 30,000+ 300+ Enables mission- critical operations Infinity Battery systems deployed Warehouses & logistic centers powered by Electrovaya electrovaya.com NASDAQ : ELVA | TSX : ELVA 12
Slide 13: Electrovaya's Solid State Technology
Electrovaya's Solid State Technology Electrovaya's Solid State Technology Infinity Batteries provide industry leading longevity with the potential to expand its TAM with new product development in solid state leveraging its proprietary separator technology Proof-of-Concept Separator Scaling to > 100
Slide 14: Other Infinity Cell Technology Advancements
Other Infinity Cell Technology Advancements Ultra-Fast Charging Cell Development 5 Minutes ultra-fast charging -30°C performance Extra Long Cycle Life Superior Safety Q2 Q3 Q4 2026 Pre-Production Certifications Pilot Production electrovaya.com NASDAQ : ELVA | TSX : ELVA 14
Slide 15: Other Infinity Cell Technology Advancements: Enhanced Thermostability
Other Infinity Cell Technology Advancements Generation 2 Ceramic Separator Technology Launching in 2027 Enhanced Higher Performance Platform Ready Thermostability Design Designed to maintain performance Increased rate capabilities and energy Built for next-gen electronics, mobility, across wider ope
Slide 16: Leveraging Longevity Advantage
Leveraging Longevity Advantage Leveraging Longevity Advantage Recurring Revenue Growing Segments Approx. Target Margins Lease/Rentals • Lower upfront costs (with OEM-supported 0-5 yrs : 30% residual value) 6-10 yrs: 80% • Ability to participate in off-lease opportunities • Rentals are a small but gr
Slide 17: Product and Market Expansion Roadmap
Product and Market Expansion Roadmap Product and Market Expansion Roadmap Accelerating growth through innovative product rollouts and capturing new end market opportunities Solid State Battery Long- term Ultra-Fast Charging Mid- ESaaS Model term Scaling Mid- ESS Delivery term ESS Launch Robotics & G
Slide 18: Global Reach
Global Reach Global Reach Electrovaya Corp & Labs Mississauga, ON, CA Electrovaya Gigafactory Jamestown, NY, USA Electrovaya Japan Tokyo, Japan electrovaya.com NASDAQ : ELVA | TSX : ELVA 18
Slide 19: US Manufacturing Expansion
US Manufacturing Expansion US Manufacturing Expansion Jamestown Facility: Groundbreaking facility with no execution or financing risk Jamestown Facility: Groundbreaking facility with no execution or financing risk Provides reliable, domestic supply of lithium-ion cells (built in America) enabling fu
Slide 20: Achieved Financial Inflection Point
Achieved Financial Inflection Point Achieved Financial Inflection Point One of the only profitable advanced battery companies in North America Year-to-date Performance ($ in M) Quarterly Performance ($ in M) Key Stats $18.0 $33.6 $71M $11M $2.8 TTM TTM Adj. $4.8 Revenue EBITDA $22.5 5.77% 12 $2.6 $1
Slide 21: Financing Growth
Financing Growth Financing Growth Sources Uses Export-Import Bank U.S Gigafactory $51 million senior secured working $150-200m revenue capacity capital facility generation Working & Equipment Capital BMO Corp Banking Working Capital Management $25 million senior secured working Supporting $100m+ in
Slide 22: Summary Balance Sheets and Cap Table
Summary Balance Sheets and Cap Table Summary Balance Sheets and Cap Table Select Balance Sheet Items CapTable as of 05/26/26 (US$ in thousands) 03/31/2026 09/30/2025 Outstanding shares 49,935,480 Cash & Equivalents $23,537 $6,358 Outstanding warrants - Total Assets 106,037 63,931 Short-term Debt - -
Slide 23: Investor & Media Queries Please Contact
Investor & Media Queries Please Contact: Jason Roy VP, Investor Relations & Corporate Development Phone: 905-855-4618 Email: jroy@electrovaya.com Web: www.electrovaya.com