Electrovaya Gets $1.5 Million Funding From Canada Government

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Electrovaya Gets $1.5 Million Funding From Canada Government

posted on Oct 17, 2024 11:49AM

Electrovaya(ELVA) said Thursday it received a CA$2 million ($1.5 million) funding from the Canadian government to support investments in automation, artificial intelligence and capacity upgrades at the company's manufacturing facility in Mississauga, Ontario.

The investment was made through the Federal Economic Development Agency for Southern Ontario, the company said.

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