Electrovaya Inc (ELVA)

[BornAgain]

The excerpt is from a post I found on another board it has some interesting tidbits...


From the podcast interview


EFL started looking at new rev streams. They found
1. data analytics real-time battery monitoring
2. leasing


Their batteries aren't degrading like the competition which have issues after 4-5 yrs. This has created a whole new ball game. Raymond has already started to create a rental program.

Because of their EFL battery residual value, the rental program operating costs have now come on par with cheap batteries

Their 2 largest retail clients have peak periods where they need more batteries for "periods of time". So they are leasing them. And the rates are very good according to Raj. The units are PAYING FOR THEMSELVES in 12 months. Banking partner didn't want to do this at first, but has been going along with it. Will use the units in ESS when not renting. Very profitable model Raj has said.