Ontario invests $16.7M in Electrovaya

Electrovaya Inc. has announced that Ontario’s Premier Dalton McGuinty, along with members of his caucus at a visit of their Toronto-based facilities, will invest up to $16.7 million to support battery research and pre-commercialization activities.

“Ontario has the skilled workforce, the positive investment climate and the commitment to innovation to transform new ideas into jobs for Ontario families,” McGuinty said. “Together we can develop new and sustainable products that we can market to the world.”

“We’re proud to support a globally competitive technology that creates jobs in right here in Mississauga. By putting more electric vehicles on our roads we can help reduce emissions and protect our sensitive environment for future generations,” said Mississauga South MPP Charles Sousa.

Sankar Das Gupta, CEO of Electrovaya, said, “The support from the Government of Ontario allows us to accelerate our growth plans and bring our technology to market sooner. We are excited to be adding to our team and increasing our innovation and technology capabilities in Mississauga.”
www.electrovaya.com