Slide 1: Corporate Overview
Corporate Overview August - 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 Domestic Manufacturing Industry leading Safety & Longevity validated by U.S Cell & Systems Manufacturing in Jamestown, third party & field data for High and Low Voltage New York Battery Systems Engineering & Systems manufacturing in Mult
Slide 4: Competitive Landscape - Unique Advantages
Competitive Landscape -Unique Advantages Electrovaya Competitors Safety Safety Safety Fully embedded ceramic separators reduce Lacks advanced safety features risks 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: Expansion Into New Verticals
Expansion Into New Verticals FY 2024 Applications FY 2025 Applications FY 2026+ Applications Material Material Defense Material Defense Airport Ground Handling Handling Handling Equipment Construction Energy Storage E-truck In-development In-development Defense Defense Construction Robotics Mining P
Slide 6: Addressable Markets
Addressable Markets Total Addressable Market Estimate (TAM) Select Sector Growth Estimates $80b Total $55b5 Energy Storage Systems (ESS) Electric Commercial $14b4 Vehicles $6b3 Material Handling $2b2 Defence $2b1 Autonomous Robots 1) Precedence Research 4) Research And Markets electrovaya.com NASDAQ
Slide 7: Key Tailwinds
Key Tailwinds Movement Towards Continued Expansion of Appetite For High A.I Brains Wanting Domestic E-Commerce Performance Batteries Batteries Manufacturers Imported lithium-ion batteries Warehouses need to operate for Customers are noticing the need A common topic as been may see significant tariffs
Slide 8: Battery Safety Technology Is Valuable
Battery Safety Technology Is Valuable Lithium-ion fires last longer E-commerce Warehouse Fire (UK, 2021) • Robot’s Lithium-ion battery caught fire and • Fires are difficult to extinguish halted operations for weeks • Fires often propagate within cells and battery systems due to separator failures A Pas
Slide 9: 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 10: Third Party Testing & Certifications
Third Party Testing & Certifications Proven technology supported by extensive 3rd party testing & validation Performance Safety Quality Cells, modules & packs Our production sites ✓ Cycle life adhere to the utmost ✓ Internal Resistance Cells passed all abuse tests at quality standards EUCAR Hazard Le
Slide 11: Product Differentiation – Ceramic Separator Technology
Product Differentiation – Ceramic Separator Technology Full Ceramic vs Coated PO Separator Thermal Stability Coated PO Full Ceramic Coated PO Full Ceramic 15 minutes at 130°C Ceramic-Coated PO Separator (Competitors) Fully Embedded Ceramic Separator (Electrovaya) ● Heat Stability Advantage: Unlike c
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 2,000 5,000 9,000 Longevity *CYCLE EQUIVALENT: 14,000 cycles is equivalent to 3,500,000 miles for a 250-mile range car1 3 2 1 ) Greencarreports electrovaya.com NASDAQ :
Slide 13: 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 13
Slide 14: 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 14
Slide 15: Leveraging Longevity Advantage – Recurring Revenue
Leveraging Longevity Advantage – Recurring Revenue Growing Segments Lease/Rentals Approx. Margins Capabilities • Lower upfront costs (with OEM supported residual value) 0-5 yrs : 30% • Ability to participate in off-lease opportunities 6-10 yrs: 80% • Rentals are a small but growing offering and in u
Slide 16: 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 16
Slide 17: 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 18: US Manufacturing Expansion – Jamestown
US Manufacturing Expansion – Jamestown STRATEGIC AND FINANCIAL FINANCIAL BENEFITS HIGHLIGHTS • Provides reliable, domestic supply of • ~$50 million capital expenditure lithium-ion cells (built in America) • Closed $50.8 million loan by EXIM Bank, Make • Meets growing customer demand More in America
Slide 19: Our Products: Technology Solutions
Our Products: Technology Solutions Complementary technologies targeting various EV applications Infinity Batteries provide industry leading longevity and SSBs provide industry-leading energy density Commercial Stage In-development Stage Superior safety & lowest total cost of Highest energy density ow
Slide 20: 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 Solid-State Batteries (SSBs) Proof-of-Concept Separator Scaling to > 100cm² SSB Pouch Cell Development Separator Manufactu
Slide 21: 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 annual capital fa
Slide 22: Financial Performance – Trailing 9 Months
Financial Performance – Trailing 9 Months Sales from 9 Months Ending June 30th ($000s) Operating Income 9 Months Ending June 30th ($000s) +31% 4% 6 ,57 +1 Adj. EBITDA 9 Months Ending June 30th ($000s) Adj. EBITDA Margin 9 Months Ending June 30th (p.p) % +61% +111 electrovaya.com NASDAQ : ELVA | TSX
Slide 23: Financial Performance – Trailing Twelve Months
Financial Performance – Trailing Twelve Months TTM Sales ($000s) TTM Operating Income ($000s) % 4% +11 +11 TTM Adj. EBITDA ($000s) TTM Adj. EBITDA Margin (p.p) +46% +32% electrovaya.com NASDAQ : ELVA | TSX : ELVA 23
Slide 24: Financial Performance – Profitability Inflection Achieved
Financial Performance – Profitability Inflection Achieved Reaching an inflection point…. Set to be one of the only profitable battery companies in North America ● Revenue and Adj. EBITDA have continued to improve due to increased orders driven by strong market demand with now 9 consecutive quarters of b
Slide 25: Summary Balance Sheets and Cap Table
Summary Balance Sheets and Cap Table Select Balance Sheet Items CapTable As of 06/30/2025 (US$ in thousands) 06/30/2025 06/30/2024 Outstanding 40,106,915 shares Cash & Equivalents $1,290 $534 Total Assets 53,871 37,810 Outstanding 1,420,000 Short-term Debt – 18,164 warrants Total Debt 18,834 18,164
Slide 26: Investor & Media Queries
Investor & Media Queries Please contact: Jason Roy VP, Corporate Development & Investor Relations Phone: 905-855-4618 Email: jroy@electrovaya.com Web: www.electrovaya.com