Amazon has signed an agreement with Canadian lithium-ion battery maker Electrovaya that could allow Amazon to acquire more than a 20% stake in the company in the future, according to business reports. Electrovaya says it has entered a commercial agreement with Amazon and provides warrants that would give Amazon options to buy over 20% of its shares. The structure links the warrants to Amazon’s future activity: the options are set to vest only as Amazon purchases more products from Electrovaya.
Both outlets describe the arrangement as a combination of commercial and equity-linked terms. Electrovaya is based in Mississauga and is positioned to benefit from increased supply or demand tied to Amazon’s product buying. The deal, as described, does not mean Amazon immediately owns the shares; instead, it establishes the conditions under which Amazon can obtain the larger ownership position over time. Financial details beyond the ownership threshold and warrant mechanism were not covered in the provided excerpts.
