Electrovaya (TSX:EFL) is a world leader in the design, development and manufacture of its proprietary Lithium Ion SuperPolymer® battery systems. Electrovaya's mission is to accelerate clean transportation as a commercial reality with its advanced power systems for all classes of zero-emission electric vehicles and plug-in hybrid electric vehicles. Electrovaya also offers battery-related consumer products primarily focused on the healthcare market.
Electrovaya's strategy is to build strong partnerships and joint-ventures with well-intentioned, visionary leaders. The disruptive business potential of electric transportation has shaped its belief that natural partners include traditional automotive players as well as non-traditional players or emerging start-ups. The division's current broad focus is a result of the industry's youth and the uncertainty of which vehicle segment will be the most lucrative. Electrovaya aims to be a dominant global player in this industry of near and long term explosive growth.
Electrovaya's advantages drive its focus on plug-in hybrid electric vehicles (PHEVs) and full zero-emission electric vehicles (ZEVs). These applications require a balance between energy and power density. (Electrovaya does not focus on mild hybrid applications that require only power density).
For both PHEV and ZEV applications, Electrovaya is focusing broadly across all vehicle classes. These include:
- Passenger vehicles
- Heavy-duty and medium-duty vehicles
- Off-road vehicles
- Low-speed vehicles
- Specialty vehicles
- Clean Air: Low or zero tailpipe emissions
- Inexpensive: Low operating costs when using electricity instead of oil
- Energy independence: EVs could use local supplies of electricity from a wide ranges of sources rather than imported oil
- Performance: excellent vehicle handling (due to the high torque of electric motors), quiet operation
- Infrastructure: extensive electrical infrastructure can be extended to meet industry growth, particularly with the advent of "smart grids"
A battery electric vehicle (BEV) uses electrical energy stored in a battery for motive power. A BEV has few moving parts and only 4 principal components: i) battery, ii) electric motor, iii) motor-controller and iv) on-board charger. It is sometimes referred to as a zero-emission vehicle or ZEV.
A plug-in hybrid electric vehicle (PHEV) extends a conventional hybrid concept to enable two "refuelling" options. Current hybrid vehicles charge or "refuel" the battery only with the fossil fuel dependent internal combustion engine. A plug-in hybrid offers the flexibility of "refuelling" directly with electricity or indirectly with fossil-fuels. By definition, a PHEV describes a wide spectrum of vehicle designs that vary with the ratio of electric drive to conventional drive. At one end of the spectrum, a PHEV could refer to a mild hybrid design augmented to allow the flexibility of "plugging-in". On the other end of the spectrum, it could refer to a dominant electric drive design such as full electric vehicle with a conventional drive "range-extender" for long journeys.
For further background on electric vehicles, Electrovaya recommends exploring www.electricdrive.org
Electrovaya became a public company in November 2000 with a listing on the Toronto Stock Exchange under the symbol EFL. Prior to its public offering Electrovaya had been a research and development company co-founded in 1996 by Dr. Sankar Das Gupta and Dr. James Jacobs.
Electrovaya is distinguished with an exceptional team of engineers, scientists, sales and support individuals. Management of this high-tech company requires vision, flexibility and the ability to create and capture new business opportunities.
Sankar Das Gupta, Ph.D, DIC
Chairman & Chief Executive Officer
A co-founder of the company and its predecessor, Dr. Das Gupta became chairman of the board of directors in April 1999. He has extensive experience in the field of electrochemistry and extensive business experience in the technology sector from The Electrofuel Manufacturing Company Ltd. and HSA Reactors Limited.
These companies developed unique fibres and advanced ceramic materials, and designed and constructed complex instrumentation and equipment. Dr. Das Gupta holds a PhD in Electrochemistry from Imperial College, University of London and is an adjunct professor at the University of Toronto.
Paul L. Hart, MBA, CA
Chief Financial Officer
Mr. Paul Hart is the Chief Financial Officer at Electrovaya. Paul has many years of financial experience, having held senior financial management positions with private and publicly traded companies. These include Chief Financial Officer of Paradata Systems Inc., an early stage company in Global Integrated Payment Systems and services, Chief Financial Officer of Bid.Com International Inc., an e-commerce Company with dual listings on both the Toronto Stock Exchange and NASDAQ, Vice President, Finance of ADP Canada, a leading employment services Company, and Vice President, Treasury Management of GAN Canada, a property and casualty insurance company.
Paul has a Bachelor of Arts (Honors) in Psychology and a Masters Degree in Business Administration in Finance. He is a Chartered Accountant and a member of the Canadian and Ontario Institutes of Chartered Accountants.
Electrovaya has > 150 global patents on its Lithium Ion SuperPolymer® battery technology and associated system technologies. Its SuperPolymer® battery breakthrough is a novel nanostructured lithium ion polymer technology platform. It enables more energy to be stored in a smaller space. Applications are smaller, lighter and more powerful.
Multiple chemistry solutions / Platform technology
Superior energy density
Prismatic, laminated, large-format cell design
Integrated intelligent battery management system (iBMS)™
Unique manufacturing process based in North America