Electrovaya and Hero Electric Showcase Electric Scooters for North American Market

Electrovaya's Battery Technology to Power a New Line of Electric Scooters

Electrovaya Inc. (TSX:EFL) today announced further cooperation with Hero Electric, India's leading producer of two-wheeled electric vehicles. Hero's electric scooters, powered by Electrovaya's Lithium Ion SuperPolymer batteries, will be showcased at the Toronto International Spring Motorcycle Show on April 9^th and 10^th. A trusted brand name with over 300 sales and service outlets across India, Hero Electric has been developing and testing its products in Europe and North America for the past two years. The Company has developed two electric scooter products uniquely suited for the North American market, the Zion and Optima Plus.

"Hero Electric is an established company with a solid brand reputation in an industry that will see its share within the transportation market grow as the price of oil continues to rise," said Dr. Sankar Das Gupta, CEO of Electrovaya Inc. "Our Lithium Ion Super Polymer battery technology is an ideal fit for the two-wheel electric vehicle model because of its scalability, efficiency and green NMP-free production process."

"We are extremely pleased to continue our existing partnership with Electrovaya to deliver lithium ion powered electric scooters to this growing market. We will offer both lead acid and lithium ion powered scooters in India and North America. Given the limitations of lead acid batteries, we expect lithium ion batteries to revolutionize the electric vehicle market," noted Naveen Munjal, Managing Director of Hero Electric.

Hero Electric plans to start selling electric scooters fitted with Electrovaya's lithium ion batteries in the Canadian market in the third quarter of 2011. "Initially the scooters will be marketed in the GTA and very soon thereafter the distribution network will be expanded to most of the critical markets in Canada." said Sohinder Gill, CEO of Hero Electric.