Electrovaya Honored with Make More in America Award

Electrovaya Inc., a prominent lithium-ion battery firm, received the Make More in America Deal of the Year Award at the Export-Import Bank of the United States' 2025 Annual Conference. This accolade recognizes Electrovaya's commitment to onshoring lithium-ion battery manufacturing to the U.S.

Electrovaya operates a manufacturing facility in Jamestown, New York. With assistance from a $51 million EXIM loan, the company aims to enhance production capacity and support 290 U.S. jobs. This initiative includes reshoring significant manufacturing processes from overseas competitors, contributing to a more resilient domestic supply chain.

Jim Cruse, Acting President of EXIM, emphasized the importance of this support, highlighting its role in bolstering U.S. manufacturing and economic security. Electrovaya CEO Raj DasGupta noted that the company is poised to expand battery manufacturing and increase the availability of its advanced technology to customers.