Following a robustly successful 2023-24, when revenue grew 253% to ₹48.37 crore, with PAT standing at ₹5.21 crore, Maxvolt Energy Industries Limited, considered one of India’s fastest-growing players in lithium battery technology, achieved a new feat of crossing the ₹100 crore mark with ₹107 crores revenue in 2024-25. Second time in a row, the company has grown over 200%, indicating Maxvolt’s strategic expansion, innovative product offerings, and strong market positioning in India’s green energy transition.
The AIS 156-certified company has remained in a league of suitable solution providers for electric vehicles, ESS, and other categories like medical equipment and consumer electronics. Earlier this year, Maxvolt debuted on the National Stock Exchange (NSE) Emerge platform. On day one, its Initial Public Offering (IPO) witnessed an overwhelming subscription of 3.3 times, reflecting strong investor confidence in the company’s growth potential and leadership in clean energy solutions. Recently, Maxvolt received $1.5M in funding from VCs and HNIs.
On this occasion, Mr. Satendra Shukla, Chief Business Officer of Maxvolt Energy, stated, “Passing the ₹100 crore figure endorses our commitment to technological innovation, sustainability, and operational excellence. It is also a reflection of the trust customers and stakeholders bestow upon us in building the future of energy.”
Maxvolt’s growth story is backed by advanced R&D and a suite of proprietary technologies, including Active Balancer Technology, Superior Thermal Management Systems, and Intelligent Battery Control Mechanisms, to ensure that battery packs‘ safety, efficiency, and life expectancy are achieved to the fullest. Recently, the company launched its Smart Lithium – Hybrid Inverter Series which is compatible with lithium and lead batteries.
With its operational battery take-back-and-reuse program, which spans around 85 % of the Indian market, Maxvolt is creating massive-scale environmental and economic impact. The company has generated more than 200 direct employment opportunities while thousands of users have shifted to adopting sustainable energy solutions.
Maxvolt is establishing a massive lithium battery recycling plant to reduce dependency on imported raw materials and close the loop on battery lifecycle management. At the same time, Phase 2 of its capacity expansion has been initiated to scale its production beyond 6000 + battery packs per annum, with plans to set up a dedicated production line for advanced ESS batteries to service the growing demand from solar and grid-scale energy projects.
Looking further ahead, Maxvolt is scouting for new sites for setting up its EV charger production plant and is actively working to export readiness for cracking global markets. R&D concentrates on developing next-generation battery technologies with higher energy density and lower costs.
“Maxvolt believes in responsible innovation, leading to intelligent, efficient, and environment-friendly solutions. Our mission is to change how energy is stored and consumed in India or the world at large. The future, after all, belongs to the clean power industry, and Maxvolt duly commits itself to lead this change.” Mr. Satendra Shukla further added.
With enormous revenue growth, Maxvolt Energy is on the cusp of assuming an essential role in shaping the future of clean energy infrastructure in India.
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