• Electrovaya entered a term sheet to invest approximately US$ 1.4 million in Janus Electric through a direct placement.
• The investment includes approximately 4,200,000 shares, with up to 6,300,000 warrants exercisable at 125% of the placement price for three years.
• A strategic battery supply agreement carries approximately $26 million in initial orders for Janus's US and Canadian deployments.
• Deliveries are underway to support Janus's North American rollout, backed by orders and commitments for 118 truck conversions.
• Expanded battery manufacturing capacity in Jamestown, New York, is expected to come online during fiscal 2027.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Electrovaya Inc. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 202610280700ACCESSWRNAPR_____1243037) on October 28, 2026, and is solely responsible for the information contained therein.