Profits, Revenue Up As Electrovaya Continues Buildout Of Local Plant
Electrovaya, one of the newest additions to Jamestown’s manufacturing base, is projecting a roughly 30% increase in revenue for the rest of 2026. One reason for the company’s revenue and profit growth is the opening of its Gigafactory in Ellicott. Company officials said work on the site continues, with site upgrades and construction in progress, including a significant portion of dry room construction. The company has also hired a head of Jamestown cell manufacturing operations along with other senior managers. Raj DasGupta, Electrovaya CEO, said he was at the Ellicott plant on ...