Electrovaya Inc (ELVA)

(Note the short timeframe.)  Still as bullish. Expanding into defense verticals. Also talking about robotics and warehouse automation. Customers are looking for alternative vendors to China. Tripling production capacity at fledgling New York facility.

Grew organically ~40% last year, aiming for 30% this year.

Small-cap, undiscovered company that trades in Canada and the US. Lithium-ion batteries, with the best safety track record in the industry. Their batteries last a long time, a huge competitive advantage. CEO is exceptional, with a PhD from Cambridge in materials sciences, so he understands the technical specifications. 

Exposed to high-growth industries such as warehouse automation and defense (such as drones or online applications). 

He's very excited about data centres, and all the $$ flowing there. Data centres need high-power, high-density backup power for several hours at a time. This company is really well-positioned to do that. Building new plant in NY that will triple manufacturing capacity. Current customers include WMT and Toyota. Buy the battery once (one-time), but then it will eventually need to be replaced (recurring). Introducing battery-monitoring capabilities, which could become as much as 10% of the business. No dividend.

He's always been critical of management, but it has done better than expected over last few years. History of overpromising and underdelivering. Not sure a leopard can change its spots. Tread very carefully.

A battery maker exposed to high-growth industries like robotics and aerospace/defense. They will triple their output next year, so there will be major topline expansion. They work with Walmart, Toyota et al. and just announced an OEM deal in Japan. Competitors are Chinese battery makers, but US companies won't buy Chinese batteries, which benefits ELVA because they qualify for Buy America.