Maxvolt Energy Attracts $1.5M Investment to Revolutionize Lithium Batteries

Maxvolt Energy Industries, a prominent name in lithium battery manufacturing, has successfully raised $1.5 million from angel investors. This funding marks a significant step toward the company’s vision of delivering cutting-edge, sustainable energy solutions.

The capital will be utilized to develop fast-charging lithium-ion batteries, with plans to reduce charging times to 2 hours initially and 1 hour in subsequent phases. The new batteries are expected to hit the market by the end of 2024 after rigorous research and development.

“We’re committed to advancing eco-friendly technology that aligns with global sustainability goals,” said Satendra Shukla, Chief Business Officer. “This funding allows us to strengthen our market presence and contribute to reducing carbon footprints through innovative practices.”

With an impressive ₹48.60 crore revenue last year and a 100% CAGR, Maxvolt is also preparing to establish state-of-the-art recycling plants, promoting reusability and extending the life cycle of batteries.