Origin Merchant Securities Inc. is pleased to announce that Electrovaya Inc. has successfully completed a $15 million private placement of convertible unsecured subordinated debentures.
Origin Merchant Securities acted as exclusive financial advisor to Electrovaya with respect to this transaction.
Electrovaya Inc. designs, develops and manufactures proprietary Lithium Ion Super Polymer® batteries, battery systems, and battery-related products for energy storage, clean electric transportation and other specialized applications. Electrovaya is a technology focused company with extensive patents and other Intellectual Property. Headquartered in Ontario, Canada, Electrovaya has production facilities in Canada and Germany with customers around the globe.