Battery Manufacturer Gets Boost From Ontario
McGuinty Government Invests In Green Tech, Helps Create 240 Jobs
Ontario is helping to bring batteries to market for the next generation of electric and plug-in hybrid vehicles.
The McGuinty government investment in Electrovaya will help create 240 jobs and support 50 existing positions. The company's patented battery technology lets cars drive further on a single charge than electric vehicles that use other batteries. Electrovaya has already signed several deals with automakers in Europe, Asia and North America and is in a strong position to become a world leader in manufacturing batteries for electric vehicles.
Investing in innovation is part of the McGuinty government's plan to secure the next generation of high-paying jobs for Ontario families.
- Electrovaya is investing $94.8 million in the expansion. Ontario is providing an additional $16.7 million.
- Ontario wants one in 20 vehicles driven in the province to be electric by the year 2020.
- Electrovaya's Lithium Ion SuperPolymer battery powers the Maya 300. The car is part of a new electric car share-and-rental program in Baltimore.
“Ontario has the skilled workforce, the positive investment climate and the commitment to innovation to transform new ideas into jobs for Ontario families. Together we can develop new and sustainable products that we can market to the world.”
“We're proud to support a globally competitive technology that creates jobs right here in Mississauga. By putting more electric vehicles on our roads we can help reduce emissions and protect our sensitive environment for future generations.”
“The support from the Government of Ontario allows us to accelerate our growth plans and bring our technology to market sooner. We are excited to be adding to our team and increasing our innovation and technology capabilities in Mississauga.”
Dr. Sankar Das Gupta