Electrovaya designs and manufactures lithium-ion battery systems for industrial and mission-critical applications. The company's core product is built on its proprietary "Infinity Battery Technology," which uses a ceramic-enhanced cell construction that Electrovaya argues delivers exceptional cycle life and a strong safety record. Material handling accounts for the vast majority of revenue — battery systems for forklifts and automated guided vehicles used in warehouses and distribution centers. Electrovaya targets large fleet operators at major retailers, e-commerce companies, and logistics providers, positioning its batteries as premium replacements for lead-acid alternatives and justifying the price premium through lower total cost of ownership. Electrovaya sells through two channels: OEM partnerships with Raymond Corporation and Toyota Material Handling, and direct sales to Fortune 500 end-users. Beyond material handling, Electrovaya is expanding into robotics, airport ground support equipment, defense, construction and mining equipment, and stationary energy storage. Electrovaya manufactures at its facility in Mississauga, Ontario, and is building a new cell manufacturing facility near Jamestown, New York, funded by a $50.8M EXIM loan, expected to begin cell production in mid-2026. Jamestown is central to Electrovaya's strategy — management expects it to expand capacity, improve margins through vertical integration, qualify for U.S. 45X production tax credits, and attract defense customers requiring domestic sourcing.