When was Electrovaya founded?

Electrovaya was founded in 1997 and raised its 1st funding round 20 years after it was founded.

Where is Electrovaya located?

Electrovaya is headquartered in Mississauga, Canada.

Who is the current CEO of Electrovaya?

Sankar Das Gupta of Electrovaya. They have also founded 1 company.

How many employees does Electrovaya have?

As of Sep 30, 2026, the latest employee count at Electrovaya is 120.

Is Electrovaya a funded company?

Electrovaya is a funded company, having raised an undisclosed amount across 8 funding rounds to date. The company's 1st funding round was a $***** Post IPO round, raised on Mar 2017.

When was the latest funding round of Electrovaya?

Electrovaya's latest funding was a $***** Grant (prize money) round on Oct 17, 2024, with participation from 1 investor.

Where does Electrovaya rank among its competitors?

Electrovaya ranks 27th amongst 1305 active competitors, of which 131 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Emo Energy, which secured $6.2M in May, 2026.

Who are the top competitors of Electrovaya?

Electrovaya's top competitors include QuantumScape, Amprius Technologies and Sunwoda Electronic. Among them, Emo Energy secured the most recent funding round in May, 2026.

Electrovaya - 2026 Company Profile, Team, Funding & Competitors

Company Details

Manufacturer of lithium-ion battery technology and energy storage systems. The company provides battery systems for various applications, including material handling, e-mobility, and grid-scale energy storage. It offers battery modules and cells using lithium-ion ceramic technology. The company focuses on providing safe and long-lasting battery solutions.

Website: electrovaya.com
Social

Key Metrics

Founded Year

1997

Location

Mississauga, Canada

Stage

Public

Latest Funding Round

Grant (prize money), Oct 17, 2024, $*****

Investors

BEST Funds & 3 more

Ranked

27^th among 1305 active competitors

Employee Count

120 as on Sep 30, 2026

Investment & Acquisitions

Miljobil Grenland

Similar Companies

Sunwoda Electronic & 1408 more

Exit Details

Public

View Electrovaya's full profile

Electrovaya got listed on Nov 10, 2000.

Click here to take a look at Electrovaya's IPO in detail

Electrovaya has raised funding over 8 rounds. Its first funding round was on Mar 2017. Its latest funding round was a Grant (prize money) round on Oct 17, 2024 for $*****. 1 investor participated in its latest round. Electrovaya has 4 institutional investors.

Here is the list of recent funding rounds of Electrovaya:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Oct 17, 2024	7414547	Grant (prize money)	6068033	6088297	3357484	7605690
Nov 03, 2022	2877847	Post IPO	1451661	6617629	9188647	9007978
Sep 27, 2019	9684922	Conventional Debt	3297191	6554753	3998080	4418923

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View details of Electrovaya's funding rounds and investors

The founders of Electrovaya is Sankar Das Gupta. Sankar Das Gupta is the CEO of Electrovaya.

Here are the details of Electrovaya's key team members:

Sankar Das Gupta: Co-Founder & CEO of Electrovaya.
Contact Info: 1 email address

View details of Electrovaya's Founder profiles and Board Members

Electrovaya's employee count trend

Electrovaya has 120 employees as of Sep 26. Here is Electrovaya's employee count trend over the years:

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Top competitors of Electrovaya include QuantumScape, Amprius Technologies and Sunwoda Electronic. Here is the list of Top 10 competitors of Electrovaya, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	QuantumScape 2010, San Jose (United States), Public	Developer of solid-state lithium-metal battery technology for electric vehicle applications	$1B	Volkswagen Group, Toyota Motor & 16 others	73/100
2nd	Amprius Technologies 2009, Fremont (United States), Public	Developer of silicon nano-wire-based Li-Ion batteries	$55M	Kleiner Perkins, Airbus Official & 19 others	72/100
3rd	Sunwoda Electronic 1997, Shenzhen (China), Public	Manufacturer of lithium-ion batteries, energy storage systems, and related hardware	-	Broad Vision Funds, Cygnus Equity & 8 others	71/100
4th	24m Technologies 2010, Cambridge (United States), Series H	Developer of battery technology for electric vehicles and energy storage	$500M	ITOCHU, CRV & 20 others	69/100
5th	Neuron Energy 2018, Mumbai (India), Series A	Manufacturer of lithium-ion batteries for electric vehicles and energy storage	$9.61M	Equanimity Investments, Chona Family Office ... & 53 others	69/100
6th	InoBat 2019, Bratislava (Slovakia), Series B	Developer of battery solutions for energy security and sustainable e-mobility	$148M	Rio Tinto, IPM Group & 9 others	68/100
7th	Verkor 2020, Grenoble (France), Series C	Manufacturer of lithium ion battery cells for electric vehicle mobility	$1.34B	Renault, EQT & 37 others	68/100
8th	Emo Energy 2022, Bengaluru (India), Series A	Provider of energy management systems integrating battery technology and charging hardware	$14.1M	Subhkam Ventures, Gruhas & 49 others	67/100
9th	Enovix 2006, Fremont (United States), Public	Battery cells developer for lithium-ion batteries	$220M	DCM Ventures, Sofinnova Investments & 11 others	66/100
10th	ACC 2020, Bruges (France), Series D	Manufacturer of lithium-ion battery cells and modules for electric four-wheelers	$1.2B	Mercedes-Benz, Bundesministerium fur Wirtschaft und Klimaschutz ... & 8 others	65/100
27th	Electrovaya 1997, Mississauga (Canada), Public	Manufacturer of lithium-ion battery technology and energy storage systems	-	BEST Funds, Sustainable Development Technology Canada ... & 2 others	59/100