Maxvolt Energy Secures $1.5M for Fast-Charging Batteries & Recycling

Maxvolt Energy Industries Ltd has raised $1.5 million from angel investors to develop fast-charging lithium-ion batteries and establish recycling plants. The company aims to cut EV battery charging times to 2 hours in Phase 1 and 1 hour in Phase 2 by the end of 2024.

Additionally, Maxvolt is focusing on recycling old batteries, repurposing them for applications like solar streetlights and portable electronics.

“This funding accelerates our mission to deliver advanced, sustainable battery solutions while promoting eco-friendly practices,” said CBO Satendra Shukla.