Electrovaya Receives Initial Payment for EV and Battery Production in Norway

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"We are delighted to develop a world-leading electric vehicle for the European and Global markets with Miljobil" said Dr. Sankar Das Gupta, Chairman of Electrovaya. “The demand for long range highway speed electric vehicles is large and we expect Electrovaya’s battery to be the enabling technology to bring Electric Vehicles into commercial success.” Dr. Das Gupta continues “Electrovaya’s lithium ion Superpolymer battery has an unparalleled combination of energy density and power density which is necessary to give electric vehicles both long driving range on a single charge as well as acceleration and high speed capabilities.”

“Miljobil is delighted to license Electrovaya’s technology and bring Miljobil’s vision of electric cars to the global market" said Bjørn Nenseth, CEO of Miljobil. “Miljobil has over the years pioneered the use of Electric vehicles in Norway and we are pleased to announce this new development in our ongoing partnership with Electrovaya.”

(Source: Electrovaya)