Electrovaya shareholders approve U.S. domestication plan

Lithium-ion battery maker Electrovaya gets shareholder support for move to the U.S. and other corporate actions.

Published on Mar. 2, 2026

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Electrovaya Inc., a Canadian lithium-ion battery technology and manufacturing company, announced that shareholders approved several key resolutions at the company's 2025 Annual General Meeting, including the re-election of six directors, an increase to the company's stock option plan, and the domestication of the company to the United States.

Why it matters

Electrovaya's move to the U.S. is seen as a strategic shift to better position the company to serve growing demand for its battery technology, especially in mission-critical industrial, robotics, defense and energy-storage applications. The shareholder approvals demonstrate strong investor confidence in the company's leadership and future plans.

The details

At the annual meeting, over 98.7% of votes were cast in favor of re-electing Electrovaya's six directors. Shareholders also approved an increase to the company's stock option plan and the special resolution to domesticate Electrovaya to the United States, with 99.79% voting in favor of the move. The company plans to expand its U.S. manufacturing capabilities through a new 137,000-square-foot facility in Jamestown, New York, which is envisioned as Electrovaya's first gigafactory.

  • Electrovaya held its 2025 Annual General Meeting on February 27, 2026 in Toronto, Ontario.
  • The shareholder vote to approve the domestication to the U.S. took place at the February 27, 2026 annual meeting.

The players

Electrovaya Inc.

A Canadian lithium-ion battery technology and manufacturing company that is expanding its U.S. operations.

Dr. Sankar Das Gupta

One of the six directors re-elected to Electrovaya's board with over 98.7% shareholder support.

Jamestown, New York

The location of Electrovaya's planned 137,000-square-foot battery manufacturing facility, which will serve as the company's first U.S. gigafactory.

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What’s next

Electrovaya plans to move forward with the domestication process and the expansion of its U.S. manufacturing capabilities in Jamestown, New York.

The takeaway

Electrovaya's shareholder approvals demonstrate strong investor confidence in the company's leadership and future plans as it seeks to capitalize on growing demand for its advanced lithium-ion battery technology in the United States and globally.