Electrovaya Valuation Multiples

Electrovaya Overview

About Electrovaya

Electrovaya Inc is a technology-focused lithium-ion battery company engaged in designing, developing and manufacturing battery cells, modules and systems based on its proprietary Infinity Battery Technology, which provides high safety performance, long cycle life and durability. The Company supplies low-voltage and high-voltage battery systems for industrial and transportation markets, including material-handling equipment, robotic vehicles, electric buses and trucks, and energy-storage installations, and its products are suitable for mission-critical applications. it maintains an expanding intellectual-property portfolio, develops next-generation solid-state and hybrid solid-state battery technologies, and sells its products through OEM relationships, dealer networks and direct sales.

Founded

1996

HQ

Employees

123

Website

electrovaya.com

Sectors

Energy Storage

Financials (LTM)

Revenue: $74M

EBITDA: $11M

EV

$389M

Valuation Multiples

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Electrovaya Financials

Electrovaya reported last 12-month revenue of $74M and EBITDA of $11M.

In the same LTM period, Electrovaya generated $23M in gross profit, $11M in EBITDA, and $5M in net income.

Electrovaya P&L

In the most recent fiscal year, Electrovaya reported revenue of $64M and EBITDA of $9M.

Electrovaya expects next 12-month revenue of XXX and NTM EBITDA of XXX

Electrovaya Stock Performance

Electrovaya has current market cap of $383M, and enterprise value of $389M.

Electrovaya's stock price is $7.75.

Electrovaya Valuation Multiples

Electrovaya trades at 5.2x EV/Revenue multiple, and 34.5x EV/EBITDA.

Electrovaya Financial Valuation Multiples

As of April 2, 2026, Electrovaya has market cap of $383M and EV of $389M.

Equity research analysts estimate Electrovaya's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Electrovaya has a P/E ratio of 80.4x.

Electrovaya Margins & Growth Rates

Electrovaya's revenue in the last 12 month grew by 41%.

Electrovaya's revenue per employee in the last FY averaged $0.5M, while opex per employee averaged $0.1M for the same period.

Electrovaya's rule of 40 is 56% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Electrovaya's rule of X is 112% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Electrovaya Public Comps

See public comps and valuation multiples for other Energy Storage comps.

Electrovaya M&A Activity

Electrovaya acquired XXX companies to date.

Last acquisition by Electrovaya was on XXXXXXXX, XXXXX. Electrovaya acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

Electrovaya Investment Activity

Electrovaya invested in XXX companies to date.

Electrovaya made its latest investment on XXXXXXXX, XXXXX. Electrovaya invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).