"On June 23, 2021, the Company announced that it has established a new operating division:
Electrovaya Labs. Electrovaya Labs will focus on research, development, and
commercialization of some of the fundamental technologies and intellectual property at
Electrovaya. One key area of focus is the development of a solid-state battery."

To me, this means they have a solid state cell and are working on a battery.  To me, a battery is several cells in series and parallel with a battery management system.   If this is true, then the share price is due to go up!