Electrovaya receives C$2 million in funding for Canadian facility

Lithium-ion battery technology and manufacturing company Electrovaya has received a C$2 million ($1.45 million) investment from the Government of Canada through the Federal Economic Development Agency for Southern Ontario (FedDev Ontario) to make automation, artificial intelligence (AI) and capacity enhancements at its Mississauga, Ontario manufacturing facility.

“This funding will help assist the company in its goal to scale deployments of its Infinity lithium-ion battery technology in a wide range of applications that require industry-leading safety and longevity including robotics, material handling, locomotives and other mission-critical applications,” said Raj DasGupta, CEO of Electrovaya.

Source: Electrovaya