Maxvolt Energy Secures $1.5M to Advance Fast-Charging Batteries

Maxvolt Energy Industries has raised $1.5 million from angel investors to accelerate its fast-charging lithium-ion battery development and strengthen its position in the sustainable energy market.

The funds will support Maxvolt’s R&D efforts, aiming to reduce EV battery charging times to 2 hours initially and 1 hour in subsequent phases by the end of 2024.

“This investment reflects our investors’ trust in our vision. It will drive innovation, expand production, and promote eco-friendly energy solutions,” said CBO Satendra Shukla.

Maxvolt reported ₹48.60 crore revenue last fiscal year, showcasing 100% CAGR.