- Addressable market for E-mobility is immense and rapidly growing.
- EFLVF has developed innovative lithium-ion cells with solid-state coatings, which have the highest capacity and charge/discharge rates of any batteries certified by safety standard UL2580 for electric vehicles.
- Their batteries have already been successfully deployed to power forklifts for many blue-chip companies, such as Walmart and Toyota, and revenue has grown 6-7-fold between 2017 to 2020.
- EFLVF has the potential to challenge both traditional lithium-ion battery as well as new solid-state battery technology.
For further details see:
Electrovaya: Contender To EV Battery Market