Electrovaya Inc. (TSX: EFL) (OTCQB: EFLVF): Lithium-ion Battery Technology and Manufacturer for Material Handling Electric Vehicles

My guest on the show today is Dr. Raj DasGupta, CEO of Electrovaya Inc. (TSX: EFL) (OTCQB: EFLVF). Electrovaya is a technology-focused company with extensive IP, designs, develops, and manufactures proprietary lithium-ion batteries, battery systems, and battery-related products for energy storage, clean electric transportation, and other specialized applications. The Company has acquired a 52-acre site with a 135,000 sq.foot manufacturing building in NY State for its planned Gigafactory, in addition to its two operating locations in Canada.

 

Electrovaya has been in the battery space for over two decades and has had many "lives" and Raj explains. In 2009, when Raj joined the company, it was in the automotive space and that was their main focus as a battery supplier. What's fascinating about Electrovaya's story to me is how they had make the difficult choice to pivot their business strategy, which we discuss at length, as well as:

• Why the company pivoted away from delivering batteries for the automotive industry to focusing specifically on the material handling vehicles space
• How Electrovaya has performed since the 2018 pivot
• Where he would like to see the company in 3-5 years

With that, please enjoy my conversation with Dr. Raj DasGupta, CEO of Electrovaya Inc. For more information about Electrovaya, please visit: www.electrovaya.com

Today's episode is sponsored by:

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