Electrovaya, Inc.: Electrovaya, a Technology-Intensive Lithium Ion Battery Company, Applies to List on NASDAQ TORONTO, ON / ACCESSWIRE / February 23, 2021 / Electrovaya Inc. ("Electrovaya" or the "Company") (TSX:EFL)(OTCQB:EFLVF), a lithium ion battery manufacturer with industry-leading performance and substantial intellectual property, has submitted an initial application to list its common shares on the Nasdaq Stock Market ("NASDAQ"). The Company is pursuing a NASDAQ listing in order to enhance its investor profile, with the goal of attracting institutional and retail investors, furthering M&A opportunities, and increasing shareholder value. Electrovaya currently earns the majority of its revenues from the United States. The Company's lithium ion batteries are powering mission-critical electric lift trucks in approximately 48 locations, a majority of which are in the U.S. With the recent signing of a Strategic Sales Agreement with Raymond Corp., as well as Electrovaya's UL2580 listing, the Company expects its battery sales to continue growing in the United States and other countries. In addition to its existing battery line for electric lift trucks, Electrovaya is also developing high voltage battery packs for electric buses and electric trucks.