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The company was founded by Dr. Sankar Das Gupta and Dr. Jim Jacobs in 1996, following their research into battery technologies beginning in 1983. The company went public in 2000, and is listed on the Toronto Stock Exchange and the Nasdaq Stock Market under the symbol ELVA.
Electrovaya owns over 100 patents (issued and pending) pertaining to electrode and electrolyte materials, battery architectures, battery system designs, battery management systems, and battery manufacturing methods.
In addition to developing batteries for electric vehicle and grid storage applications, Electrovaya were among the first developers of mobile battery chargers for electronic devices, releasing the Powerpad in 2001. This technology was the predecessor to the battery used in the Scribbler tablet computer series. Electrovaya technology has also been used by NASA in their EMU system.
Since 2018, the company has focused primarily on heavy duty vehicle applications, including material handling and other uses.