Maxvolt Energy Secures $1.5M to Boost Lithium Battery Innovations

Maxvolt Energy Industries has raised $1.5 million from angel investors to advance fast-charging lithium-ion batteries, expand production capacity, and strengthen its market reach.

The company aims to reduce EV battery charging times to 2 hours in Phase 1 and 1 hour in Phase 2 by the end of 2024. It also focuses on recycling old batteries for applications like solar lights and portable electronics and plans to establish recycling plants.

“This funding accelerates our mission for sustainable energy solutions and cutting-edge technology,” said CBO Satendra Shukla.