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TORONTO, ON / ACCESSWIRE / February 23, 2022 / Electrovaya Inc. (“Electrovaya” or the “Company”) (TSX:EFL)(OTCQB:EFLVF), a lithium ion battery manufacturer with differentiated intellectual property that allows heightened safety and improved longevity enabling industry-leading performance, today announced that its credit facility has been increased from C$7 million to C$11 million to support its sales growth. In addition, it has extended the term to maturity of its $6 million promissory notes with a Canadian financial institution from July 1, 2022 to December 21, 2022.
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