Electrovaya Ranked Fourth in Deloitte Technology Fast 50 Enterprise-Industry Leaders Category
Electrovaya has been ranked fourth among the Enterprise-Industry Leaders in Deloitte’s Technology Fast 50 program, marking its fourth consecutive appearance on the ranking.
Electrovaya Inc. has been ranked fourth among the Enterprise-Industry Leaders in Deloitte’s Technology Fast 50 program after recording four-year revenue growth of 354%. The recognition marks the company’s fourth consecutive appearance on the ranking and its second consecutive year in the Enterprise category.
Deloitte’s Enterprise-Industry Leaders category assesses enterprise-level companies in the technology, media and telecommunications sectors according to revenue growth over their last four years of operation.
Companies included in the category recorded minimum revenue of $10 million in 2021 and $50 million in 2025. The Technology Fast 50 program includes public and private technology companies and operates alongside the Deloitte North American Technology Fast 500 program. Winners are automatically eligible for that broader ranking.
Electrovaya designs and manufactures lithium-ion batteries, battery systems and related products. Its stated applications include energy storage, clean electric transportation and other specialised uses.
Chief Executive Officer Dr. Raj Das Gupta attributed the company’s continued growth to increasing adoption of its Infinity Battery Technology. He said the technology is intended to improve safety and longevity in mission-critical electrified applications.
Electrovaya said it is seeing growing interest from the material handling, robotics, defense and AI data center infrastructure sectors. The company’s shares trade on NASDAQ under NASDAQ:ELVA and on the TSX under TSX:ELVA.
Electrovaya’s growth strategy includes customer partnerships, product development and investment in manufacturing capacity. The company said its planned expansion in Jamestown, New York, is expected to support increased production capacity and its long-term growth objectives.
Electrovaya has a 52-acre site in Jamestown with a 135,000 square foot manufacturing facility intended for its planned gigafactory.
Electrovaya said its forward-looking statements involve risks and uncertainties, and that actual results may differ materially from those expressed or implied. The company identified potential factors including macroeconomic effects, inflation, tightening credit availability due to systemic bank risk, broader economic conditions, consumer demand, capital availability, labor shortages, supply chain constraints, and end users’ demand for and use of its products.
The company also said expectations relating to new technologies, products, production roadmaps and aggregate sales rely on customers and users, including Amazon, collaborating on development and deploying products in line with communicated intentions.
Electrovaya was ranked fourth in Deloitte’s Enterprise-Industry Leaders category.
The company reported four-year revenue growth of 354% for the ranking period.
The recognition was Electrovaya’s fourth consecutive appearance on the Technology Fast 50 ranking and its second consecutive year in the Enterprise category.
Electrovaya identified material handling, robotics, defense and AI data center infrastructure as sectors showing growing interest in its technology.
The planned Jamestown, New York expansion is expected by Electrovaya to support increased production capacity, subject to the risks and uncertainties identified by the company.
Electrovaya announced that it was ranked fourth among the Enterprise-Industry Leaders winners in Deloitte’s Technology Fast 50™ programme. The ranking recognises technology, media and telecommunications companies based on revenue growth over their last four years of operation.
Electrovaya was ranked fourth among the Enterprise-Industry Leaders winners in Deloitte’s Technology Fast 50™ programme. The company said this was its fourth consecutive appearance on the ranking.
Electrovaya recorded four-year revenue growth of 354%, according to the announcement. Deloitte’s ranking is based on revenue growth over the companies’ last four years of operation.
Companies in the Enterprise-Industry Leaders category must have recorded minimum revenue of $10 million in 2021 and $50 million in 2025. Electrovaya was included among the winners in that category.
Electrovaya said the 2026 recognition was its fourth consecutive appearance on Deloitte’s Technology Fast 50 ranking. It also described this as its second consecutive year being recognised in the Enterprise category.
Chief Executive Officer Dr. Raj Das Gupta said the recognition reflected Electrovaya’s continued growth, driven by increasing adoption of its Infinity Battery Technology. He said the technology delivers improvements in safety and longevity for mission-critical electrified applications.
Electrovaya designs, develops and manufactures proprietary lithium-ion batteries, battery systems and battery-related products. Its applications include energy storage, clean electric transportation and other specialised uses.
Electrovaya said it continues to see growing interest from the material handling, robotics, defence and AI data centre infrastructure sectors. The company linked this interest to its Infinity Battery Technology and its focus on safety and longevity.
Electrovaya’s planned manufacturing expansion is located in Jamestown, New York. The company has a 52-acre site there with a 135,000 square foot manufacturing facility intended for its planned gigafactory.
Electrovaya said the planned Jamestown, New York manufacturing expansion is expected to support increased production capacity and its long-term growth objectives. The company also said its growth strategy includes customer partnerships, product development and investments in manufacturing capacity.
Electrovaya said its forward-looking statements involve risks and uncertainties and that actual results may differ materially from those expressed or implied. The company identified factors including macroeconomic effects, inflation, tightening credit availability, economic conditions, labour shortages, supply chain constraints and end-user demand and product use.
Electrovaya’s shares trade on NASDAQ under the ticker symbol NASDAQ:ELVA and on the TSX under the ticker symbol TSX:ELVA.