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Maxvolt Industries Energy Limited, one of India’s leading lithium battery manufacturers and suppliers, marked its sixth anniversary during a high-voltage event. Under the avid leadership of its co-founders and investors, Maxvolt completes six years of innovation, environmental sustainability, and tremendous success, while making continuous efforts in the field of lithium battery recycling and reuse.
Since its inception in May 2019, Maxvolt has upheld a steadfast vision to develop world-class lithium architecture that not only empowers e2w, e3w, and solar installations but also exceeds in terms of industry standards, safety, and efficiency. Currently, the company’s 23,000 sq. ft. manufacturing facility in Ghaziabad is equipped with 97.2 MWh of annual production capacity.
Maxvolt’s proclivity to cutting-edge R&D practices and quality assurance can be noticed in the company’s annual performance of FY 2023–24. During that period the revenue increased by 253%, from ₹13.68 crore to ₹48.37 crore and profit after tax rose to ₹5.21 crore. Earlier this year, the company’s Initial Public Offering on the NSE Emerge platform concluded on February 14, 2025, with a subscription level of 3.3 times, demonstrating high investor confidence in Maxvolt’s development prospects.
“On the occasion of our sixth anniversary, we remain firm in adopting cutting-edge sustainable energy solutions that will lead India in its electrification journey,” stated Mr. Vishal Gupta, Chairman and CTO of Maxvolt. “The company’s Active Balancer Technology, top-notch heat-management systems, and latest innovations in battery control exemplify our resolution to exceed industry standards both in performance and safety.”
Maxvolt plans to open a specialized lithium battery recycling factory as part of its commitment to reduce environmental impact. While initial battery reclamation activities are currently conducted at its Ghaziabad plant, the company is keen to finalize a location in Gujarat by the end of 2025. This specialized setup is expected to increase the recycling capacity by almost ten times.
“Being an environment-conscious team, we are aware that true sustainability extends beyond production,” remarked Mr. Satendra Shukla, CBO and CEO of Maxvolt. “Our proposed recycling plant will not only save valuable lithium and other essential metals but also set a new benchmark in battery lifecycle management systems. In the future, we will also upgrade our ESS capabilities by investing in state-of-the-art facilities to meet the country’s urgent need for green and reliable energy solutions.”
Maxvolt Energy continues to invest heavily in its R&D division, targeting discoveries that increase energy density, prolong battery life, and optimize cost structures. Additionally, to meet increased demand from grid-scale and distributed solar clients, the business plans to establish a dedicated
