Electrovaya Inc. announced on April 30, 2025, that it received the 'Make More in America Deal of the Year Award' at the Export-Import Bank of the United States' (EXIM) 2025 Annual Conference. This award recognizes the company's commitment to onshoring critical lithium-ion battery manufacturing to the U.S.
The recognition specifically highlights the nearly $51 million direct loan approved by EXIM in November 2024. This loan is supporting the interior construction and equipment procurement for Electrovaya's Jamestown, New York manufacturing facility, which will increase production capacity for battery cells and modules.
This award underscores the strategic importance of Electrovaya's U.S. manufacturing initiatives and its alignment with national economic priorities. It enhances the company's profile and validates its efforts to establish a robust domestic supply chain for advanced battery technology.
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