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Electrovaya's strategy is to build strong partnerships and joint-ventures with well-intentioned, visionary leaders. The disruptive business potential of electric transportation has shaped its belief that natural partners include traditional automotive players as well as non-traditional players or emerging start-ups. The division's current broad focus is a result of the industry's youth and the uncertainty of which vehicle segment will be the most lucrative. Electrovaya aims to be a dominant global player in this industry of near and long term explosive growth.
Electrovaya's advantages drive its focus on plug-in hybrid electric vehicles (PHEVs) and full zero-emission electric vehicles (ZEVs). These applications require a balance between energy and power density. (Electrovaya does not focus on mild hybrid applications that require only power density).
For both PHEV and ZEV applications, Electrovaya is focusing broadly across all vehicle classes. These include:
- Passenger vehicles
- Heavy-duty and medium-duty vehicles
- Off-road vehicles
- Low-speed vehicles
- Specialty vehicles
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