Electrovaya Inc. · TSX:ELVA
Electrovaya — Investor Presentation (November 2025)
26 slides from Electrovaya's investor presentation, Nov 4, 2025
Slide 1: Investor Presentation November 4, 2025
STRICTLY PRIVATE AND CONFIDENTIAL (All figures in USD) NASDAQ : ELVA TSX : ELVA Investor Presentation November 4, 2025 A final base shelf prospectus containing important information relating to the securities described in this document has been fi led with the securities regulatory authorities in ea
Slide 2: Cautionary Note Regarding Forward-Looking Statements
210 219 230 028 087 153 130 202 235 232 239 244 192 228 245 136 136 136 177 192 206 37 53 113 240 75 37 Click to edit Master text styles electrovaya.com NASDAQ : ELVA | TSX : ELVA 2 Cautionary Note Regarding Forward - Looking Statements : This presentation contains forward - looking statements and f
Slide 3: Offering Summary
210 219 230 028 087 153 130 202 235 232 239 244 192 228 245 136 136 136 177 192 206 37 53 113 240 75 37 Click to edit Master text styles electrovaya.com NASDAQ : ELVA | TSX : ELVA 1 Offering Summary Issuer Electrovaya Inc. Symbol / Exchange ELVA / NASDAQ CM Offering Type Registered Common Shares (10
Slide 4: Trusted Public Company Leadership with Proven Track Record
210 219 230 028 087 153 130 202 235 232 239 244 192 228 245 136 136 136 177 192 206 37 53 113 240 75 37 Click to edit Master text styles electrovaya.com NASDAQ : ELVA | TSX : ELVA 4 Trusted Public Company Leadership with Proven Track Record Dr. Rajshekar DasGupta John Gibson Dr. Sankar Das Gupta Dr.
Slide 5: Electrovaya at a Glance
210 219 230 028 087 153 130 202 235 232 239 244 192 228 245 136 136 136 177 192 206 37 53 113 240 75 37 Click to edit Master text styles electrovaya.com NASDAQ : ELVA | TSX : ELVA 5 Electrovaya at a Glance x 16 Fortune 100 clients across critical operations - selecting Electrovaya on Performance & S
Slide 6: Electrovaya is Addressing Critical Battery Safety Requirements
210 219 230 028 087 153 130 202 235 232 239 244 192 228 245 136 136 136 177 192 206 37 53 113 240 75 37 Click to edit Master text styles electrovaya.com NASDAQ : ELVA | TSX : ELVA 6 × Lithium ion fires can last longer, cause extensive damage disrupting operations × Fires are difficult to extinguish
Slide 7: Electrovaya's Batteries Outperform Standard Batteries
210 219 230 028 087 153 130 202 235 232 239 244 192 228 245 136 136 136 177 192 206 37 53 113 240 75 37 Click to edit Master text styles electrovaya.com NASDAQ : ELVA | TSX : ELVA 7 Electrovaya's Batteries Outperform Standard Batteries Fully embedded ceramic separators reduce risks propagating fire
Slide 8: Electrovaya Batteries Last 3x Longer than Industry Benchmarks
210 219 230 028 087 153 130 202 235 232 239 244 192 228 245 136 136 136 177 192 206 37 53 113 240 75 37 Click to edit Master text styles electrovaya.com NASDAQ : ELVA | TSX : ELVA 8 Mission - Critical Applications Require Higher Cycle Technology Longer Life Batteries Lower Cost of Ownership 500 1000
Slide 9: Electrovaya Occupies a Differentiated Position in Landscape
210 219 230 028 087 153 130 202 235 232 239 244 192 228 245 136 136 136 177 192 206 37 53 113 240 75 37 Click to edit Master text styles electrovaya.com NASDAQ : ELVA | TSX : ELVA 9 Electrovaya Occupies a Differentiated Position in Landscape Traditional Li - Ion / Graphite × Prone to thermal runaway
Slide 10: ~$85B Market Opportunity
210 219 230 028 087 153 130 202 235 232 239 244 192 228 245 136 136 136 177 192 206 37 53 113 240 75 37 Click to edit Master text styles electrovaya.com NASDAQ : ELVA | TSX : ELVA 10 ~$85B Market Opportunity Sources: (1) The Insight Partners; (2) Verified Market Research; (3) Grand View Horizon; (4)
Slide 11: Customers and Partners – Infinity Batteries
210 219 230 028 087 153 130 202 235 232 239 244 192 228 245 136 136 136 177 192 206 37 53 113 240 75 37 Click to edit Master text styles electrovaya.com NASDAQ : ELVA | TSX : ELVA 11 Customers and Partners – Infinity Batteries Strategic Partnership Select OEM Customers Select End Users Example (not
Slide 12: Electrovaya Powers Mission Critical Applications 24/7
210 219 230 028 087 153 130 202 235 232 239 244 192 228 245 136 136 136 177 192 206 37 53 113 240 75 37 Click to edit Master text styles electrovaya.com NASDAQ : ELVA | TSX : ELVA 12 Electrovaya Powers Mission Critical Applications 24/7 Enables mission - critical operations 30,000+ Infinity Battery
Slide 13: Infinity Technology – Safety is Our Top Priority
210 219 230 028 087 153 130 202 235 232 239 244 192 228 245 136 136 136 177 192 206 37 53 113 240 75 37 Click to edit Master text styles electrovaya.com NASDAQ : ELVA | TSX : ELVA 13 Infinity Technology – Safety is Our Top Priority Toyota Production System No internal propagation, the fire was conta
Slide 14: Product Differentiation Ceramic Separator Technology
210 219 230 028 087 153 130 202 235 232 239 244 192 228 245 136 136 136 177 192 206 37 53 113 240 75 37 Click to edit Master text styles electrovaya.com NASDAQ : ELVA | TSX : ELVA 14 Product Differentiation Ceramic Separator Technology Heat Stability Advantage: Unlike competitors' ceramic coatings t
Slide 15: Electrovaya's Solid State Technology
210 219 230 028 087 153 130 202 235 232 239 244 192 228 245 136 136 136 177 192 206 37 53 113 240 75 37 Click to edit Master text styles electrovaya.com NASDAQ : ELVA | TSX : ELVA 15 Electrovaya's Solid State Technology Infinity Batteries provide industry leading longevity with the potential to expa
Slide 16: Leveraging Longevity Advantage Recurring Revenue
210 219 230 028 087 153 130 202 235 232 239 244 192 228 245 136 136 136 177 192 206 37 53 113 240 75 37 Click to edit Master text styles electrovaya.com NASDAQ : ELVA | TSX : ELVA 16 Leveraging Longevity Advantage Recurring Revenue Recurring Revenue Lease/Rentals • Lower upfront costs (with OEM - su
Slide 17: Product and Market Expansion Roadmap
210 219 230 028 087 153 130 202 235 232 239 244 192 228 245 136 136 136 177 192 206 37 53 113 240 75 37 Click to edit Master text styles electrovaya.com NASDAQ : ELVA | TSX : ELVA 17 Product and Market Expansion Roadmap Accelerating growth through innovative product rollouts and capturing new end ma
Slide 18: Global Reach
210 219 230 028 087 153 130 202 235 232 239 244 192 228 245 136 136 136 177 192 206 37 53 113 240 75 37 Click to edit Master text styles electrovaya.com NASDAQ : ELVA | TSX : ELVA 18 Global Reach Electrovaya Gigafactory Jamestown, NY, USA Electrovaya Corp & Labs Mississauga, ON, CA Electrovaya Japan
Slide 19: US Manufacturing Expansion
210 219 230 028 087 153 130 202 235 232 239 244 192 228 245 136 136 136 177 192 206 37 53 113 240 75 37 Click to edit Master text styles electrovaya.com NASDAQ : ELVA | TSX : ELVA 19 US Manufacturing Expansion Jamestown Facility: Groundbreaking facility with no execution or financing risk 137,000 sq
Slide 20: Achieved Financial Inflection Point
210 219 230 028 087 153 130 202 235 232 239 244 192 228 245 136 136 136 177 192 206 37 53 113 240 75 37 Click to edit Master text styles electrovaya.com NASDAQ : ELVA | TSX : ELVA 20 Achieved Financial Inflection Point One of the only profitable advanced battery companies in North America (1) Non -
Slide 21: Financing Growth
210 219 230 028 087 153 130 202 235 232 239 244 192 228 245 136 136 136 177 192 206 37 53 113 240 75 37 Click to edit Master text styles electrovaya.com NASDAQ : ELVA | TSX : ELVA 21 Financing Growth 45X Tax Credits Incentives for domestic manufacturing Sources Uses Working & Equipment Capital Opera
Slide 22: Capitalization Summary
210 219 230 028 087 153 130 202 235 232 239 244 192 228 245 136 136 136 177 192 206 37 53 113 240 75 37 Click to edit Master text styles electrovaya.com NASDAQ : ELVA | TSX : ELVA 22 Capitalization Summary Assets (as of June 30, 2025) (US$ in thousands, except share counts) Cash & Equivalents $1,290
Slide 23: Electrovaya
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Slide 24: LTM Financial Summary
210 219 230 028 087 153 130 202 235 232 239 244 192 228 245 136 136 136 177 192 206 37 53 113 240 75 37 Click to edit Master text styles electrovaya.com NASDAQ : ELVA | TSX : ELVA 24 LTM Financial Summary TTM Sales ($000s) TTM Adj. EBITDA (1) ($000s) 49,490 54,859 Q3 2024 Q3 2025 4,724 6,904 Q3 2024
Slide 25: LTM Financial Summary (9 Months)
210 219 230 028 087 153 130 202 235 232 239 244 192 228 245 136 136 136 177 192 206 37 53 113 240 75 37 Click to edit Master text styles electrovaya.com NASDAQ : ELVA | TSX : ELVA 25 LTM Financial Summary Sales from 9 Months Ending June 30th ($000s) Adj. EBITDA (1) 9 Months Ending June 30th ($000s)
Slide 26: Reconciliation of Non-IFRS Measures
210 219 230 028 087 153 130 202 235 232 239 244 192 228 245 136 136 136 177 192 206 37 53 113 240 75 37 Click to edit Master text styles electrovaya.com NASDAQ : ELVA | TSX : ELVA 26 Reconciliation of Non - IFRS Measures (US$ in thousands) Q4 2024 Q1 2025 Q2 2025 Q3 2025 Gain (Loss) from Operations