Maxvolt Energy Industries has recorded Rs 1.07 billion in revenue for FY 2024鈥�25, more than doubling its previous year鈥檚 earnings of Rs 48.37 crore. This marks the second consecutive year of 200 per cent-plus growth for the lithium battery technology company, underscoring its aggressive expansion strategy and growing role in India鈥檚 green energy ecosystem.聽
The AIS 156-certified firm serves electric vehicles, energy storage systems (ESS), medical devices, and consumer electronics. Earlier this year, Maxvolt listed on the NSE Emerge platform, with its IPO being oversubscribed 3.3 times. The company also raised $1.5 million from venture capitalists and high-net-worth individuals.聽
鈥淧assing the Rs 1 billion figure endorses our commitment to technological innovation, sustainability, and operational excellence,鈥� said Satendra Shukla, Chief Business Officer, Maxvolt Energy.聽
The company has developed proprietary technologies like Active Balancer, thermal management systems, and intelligent battery controls. Its Smart Lithium-Hybrid Inverter Series supports both lithium and lead batteries.聽
Maxvolt is building a lithium battery recycling facility to reduce raw material imports and support circular economy goals. It is also expanding capacity to produce over 6,000 battery packs annually, with a new line planned for advanced ESS batteries. The company is exploring EV charger manufacturing and gearing up for exports, while R&D remains focused on enhancing battery density and affordability.聽
Sector 鈥� Power聽
Tag: Maxvolt聽
