Electrovaya Inc. announced that it has earned UL2580 safety certification for six models of its next‑generation high‑voltage lithium‑ion battery systems, the first UL2580 approval for a high‑voltage product line. The certification, which covers the Infinity battery technology used in material‑handling vehicles, confirms compliance with the rigorous fire‑propagation and safety standards required by many U.S. customers.
UL2580 certification is a critical regulatory milestone for industrial battery suppliers. By meeting the standard, Electrovaya can now offer its high‑voltage batteries to customers that mandate UL2580 approval, thereby widening its addressable market and reinforcing its position in the heavy‑duty and mission‑critical battery sector. The certification also signals to prospects that Electrovaya’s Infinity technology delivers the safety and durability that high‑voltage applications demand.
Electrovaya’s UL2580 journey began with a 48‑volt certification in April 2022 and a lithium‑iron‑phosphate (LFP) certification in December 2024. The current high‑voltage approval builds on that foundation and marks the company’s first entry into the high‑voltage category, a key growth area for robotics, airport ground equipment, and other high‑growth verticals.
In its most recent quarterly report, Electrovaya posted revenue of $15.55 million, up 39% year‑over‑year, and adjusted EBITDA of $4.12 million, a 265% increase from the prior year. Gross margin expanded to 32.9% from 30.5% in the same quarter, and the company reported a net profit of $1 million, a turnaround from a net loss in FY2025. Earnings per share of $0.02 beat the consensus estimate of $0.01, reflecting strong cost control and a favorable product mix.
The certification supports Electrovaya’s broader strategy to diversify beyond material‑handling. The company is expanding its U.S. manufacturing footprint with a new gigafactory at its Jamestown, New York site, where cell production is slated to begin in late FY2026 or early FY2027. Electrovaya has reaffirmed its FY2026 revenue guidance at over $83 million, underscoring confidence in continued growth across its expanding product portfolio.
Dr. Raj DasGupta, Electrovaya’s CEO, said, "This certification represents an important milestone as we expand our product portfolio into higher‑voltage battery systems. UL2580 is one of the most trusted safety standards in the battery industry, and achieving the first certification for high‑voltage systems underscores the strength and safety of Electrovaya's Infinity Battery Technology."
Investors responded positively to the certification announcement, noting that the combination of a regulatory milestone and strong Q1 financial results signals robust execution and a clear path to expanding market share in safety‑critical battery applications.
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