Electrovaya Inc. - EFL.TO /

Electrovaya Inc. (TSX:EFL) designs, develops and manufactures proprietary Lithium Ion SuperPolymer® 2.0 batteries, battery systems, and battery-related products for the clean electric transportation, Utility Scale Energy Storage and smart grid power, consumer and healthcare markets. The Company's mission is to accelerate clean transportation as a commercial reality with its advanced power system for all classes of zero-emission electric vehicles and plug-in hybrid electric vehicles. The Company's other mission is to deliver Utility Scale Energy Storage Systems for the highest efficiency in electricity storage, whether the electricity is generated from intermittent wind and solar power or from other sources.
 

Electrovaya has an unique and proprietary technology which uses no toxic chemicals. All other competitors and lithium ion battery makers uses massive quantities of the toxic chemical NMP. This gives Electrovaya the lowest capex and opex.

Competitors are dwindling (because of their use of toxic chemicals); recent companies exiting from manufacturing the lithium ion battery are Dow Chemicals, Sony, etc.