Electrovaya's Q2 2025: Unpacking Contradictions in Loan Status, U.S. Policy Impact, and Expansion Plans

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Revenue Growth and Financial Performance:
- Electrovaya reported $15 million in revenue for Q2 2025, up 40% year-over-year.
- The company also achieved a net profit of over $800,000.
- The growth was driven by strong order momentum, increased customer demand, and successful funding for expansion projects.

Order Intake and Market Expansion:
- Electrovaya received over $25 million in new orders during the quarter.
- The company is diversifying its served markets, with emerging interest in robotics and energy storage applications.
- This expansion is supported by strategic partnerships, such as with Sumitomo Corporation, and a focus on long-term partnerships with customers.

Funding and Capacity Expansion:
- Electrovaya secured a $51 million direct loan from the Export-Import Bank of the United States for its Jamestown facility.
- The company also closed a $20 million working capital facility from the Bank of Montreal.
- These financial arrangements aim to reduce costs and improve working capital availability to support manufacturing expansion.

Jamestown Facility and Supply Chain Diversification:
- The company is on track for its cell production in Jamestown, expected by mid-next year.
- Electrovaya has purposefully avoided Chinese supply chains, instead focusing on North American and Japanese suppliers.
- This strategy aims to protect against future disruptions and align with customer preferences.