On July 15, 2026, Electrovaya Inc., a NASDAQ- and TSX-listed lithium-ion battery manufacturer, entered into a strategic transaction agreement with Amazon.com Inc. and concurrently issued common share purchase warrants to an Amazon subsidiary. The transaction was completed in connection with the parties’ continuing and developing commercial relationship.
The agreement reflects Electrovaya’s growing commercial relationship with Amazon and supports its role in the global energy transformation through the supply of safe and long-lasting lithium-ion batteries. A portion of the warrants vest subject to defined performance conditions tied to that commercial relationship, adding a performance-based element to the transaction structure.
Fasken advised Electrovaya Inc. with a team led by Anil Aggarwal and Myroslav Chwaluk and included Terence Bernard.
Jurisdictions
- Canada
- United States
