Electrovaya Projects Strong Financial Performance for FY2025

Electrovaya Inc., a leader in lithium-ion battery technology, announced its preliminary unaudited revenue for the fourth quarter and fiscal year ending September 30, 2025. The company expects to report revenues exceeding $20 million for Q4, indicating a 72% growth compared to the previous year, while the full-year revenue could reach approximately $64 million, marking a 43% year-over-year growth.

This impressive performance is primarily driven by the deliveries of battery systems for the material handling sector and initial sales of robotic battery products. The company also supplied battery modules to a major Japanese construction vehicle OEM.

Electrovaya plans to release its audited financial results for fiscal 2025 in December. The announced preliminary results are subject to changes following the audit process.