Electrovaya announces increase in credit facility to c$22 million

Increase in availability by c$6 million from current working capital facility with an 18 month term also including uncommitted accordions to increase the facility to c$26 million toronto, on / accesswire / february 14, 2024 / electrovaya inc. ("electrovaya" or the "company") (nasdaq:elva)(tsx:elva), a lithium ion battery technology and manufacturing company, today announced that its credit facility has been increased from c$16 million to c$22 million, with uncommitted accordions up to $4mm to increase the facility to c$26 million in the future. this facility will support the company's working capital needs in connection with its continued sales and production growth.
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