Electrovaya Secures $20M Credit Facility from Bank of Montreal to Accelerate Growth and Reduce Costs
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Electrovaya Inc. has secured a $20 million credit facility from the Bank of Montreal to support its growth and reduce costs. The facility includes a $5 million expansion option and will lower Electrovaya's cost of capital, aiding its operations in the US and Canada.
March 10, 2025 | 10:15 am
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Electrovaya has secured a $20 million credit facility from the Bank of Montreal, which will lower its cost of capital and support growth in the US and Canada. This move strengthens Electrovaya's financial position and supports its expansion plans.
The $20 million credit facility from BMO will reduce Electrovaya's cost of capital, which is beneficial for its financial health. The facility supports growth in both the US and Canada, indicating a positive impact on Electrovaya's operations and potential revenue increase.
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