Electrovaya establishes subsidiary in Japan to expand market presence

TORONTO - Lithium-ion battery technology company Electrovaya Inc. (NASDAQ:ELVA)(TSX:ELVA) announced Friday the establishment of a subsidiary in Japan to support its growing customer base in the region. The company has seen impressive revenue growth of nearly 11% over the last twelve months, with analysts expecting 43% sales growth for the current fiscal year.

The new entity, Electrovaya Japan, will serve as a local platform to expand the company’s commercial activities and strengthen strategic relationships across the Japanese market, according to a press release statement.

The subsidiary is expected to facilitate customer support, technical integration, and business development efforts for Electrovaya’s battery technology in applications including material handling, robotics, and energy storage.

"Japan has been an important and growing market for Electrovaya," said Dr. Raj DasGupta, CEO of Electrovaya. "We have already achieved success with customers in Japan, and establishing a local subsidiary positions us to deepen those relationships."

The company stated it has developed partnerships and sold battery products to Japanese customers for both local and global markets over the past few years.

Electrovaya, headquartered in Ontario, Canada, operates two sites in Canada and has acquired a 52-acre site with a 135,000 square foot manufacturing facility in New York state for its planned gigafactory.

The company indicated it continues to evaluate additional strategic initiatives to further accelerate its global expansion and strengthen its presence in key international markets.

In other recent news, Electrovaya Inc. reported a record quarterly revenue exceeding $20 million for the quarter ending September 30, 2025. This represents a significant 72% year-over-year growth, with estimated annual revenue reaching approximately $64 million, a 43% increase from the previous fiscal year. Additionally, Electrovaya has launched its next-generation Energy Storage Systems (ESS) for stationary energy storage applications. These systems, which offer over 2MWh of storage capacity, will be manufactured at the company’s Jamestown, New York facility and are eligible for substantial Investment Tax Credits. Furthermore, Electrovaya completed its first shipment of custom-designed battery modules to Japan. These modules, featuring a new 1.5 kWh design, were developed for a global construction equipment manufacturer. The batteries incorporate Electrovaya’s proprietary technologies aimed at enhancing safety and cycle life performance.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.