Electrovaya Inc. (ELVA) Form 6-K — Oct 28, 2026
Electrovaya has entered a strategic supply agreement with Janus Electric Holdings (ASX: JNS) with approximately $26 million in initial purchase orders for its lithium-ion battery systems to support Janus's diesel-to-electric Class 8 truck conversions in the US and Canada. As part of the alignment, Electrovaya will invest approximately US$1.4 million (A$2.0 million) in Janus for up to 4.2 million shares plus up to 6.3 million warrants exercisable at 125% of the placement price, expiring in three years. Each truck conversion uses roughly 600kWh of Electrovaya batteries, and Janus has 118 truck conversions ordered or committed in North America.
Key figures
- Deal Value Usd
- 26000000
- Warrants
- up to 6.3 million warrants (150% of placement shares, 125% exercise price, 3-year term)
- Initial orders
- $26 million initial purchase orders for lithium-ion battery systems
- Placement shares
- up to 4.2 million Janus shares
- Battery per truck
- approximately 600kWh of Electrovaya batteries per truck conversion
- Equity investment
- approximately A$2.0 million (US$1.4 million)
- Janus truck orders
- 118
- Jamestown facility sqft
- 135000
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