Not because they have made a very well priced IPO (excellent job) that stock will see again 8$.

Market is growing damned fast for large lithium-ion (storage, industrial, e-mobility, ...) and Electrovaya need to show quickly they can jump in the train with large order and not just prototype unit.

Prototype unit were great 2 years ago before market ramp up but now market is real, they get in fast or not.

Interesting but risky timeframe for Electrovaya, hope they will succeed.