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Electrovaya closes USD 50.8 million loan for U.S. battery manufacturing investment

Electrovaya Inc. announced that it has closed a direct loan of USD 50.8 million from the Export-Import Bank of the United States under the bank’s “Make More in America” initiative, meeting substantially all the bank’s conditions to begin drawdowns on the loan. The loan will be combined with USD 20 million BMO Credit ....

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