Maxvolt Energy Industries

What Maxvolt Energy Industries does

Maxvolt Energy Industries Limited is an India-based manufacturer of lithium-ion battery packs incorporated in 2019 and listed on the NSE SME Emerge platform since February 2025. The company designs and produces battery packs for electric two-wheelers, e-rickshaws, e-bikes, and adjacent applications, alongside inverter batteries, solar storage systems, medical device batteries, and portable lighting solutions. Its core technology stack centres on lithium-ion chemistries (including LFP), an in-house R&D centre established in 2022, and a proprietary IoT-enabled Smart Battery Management System with AI-powered predictive diagnostics, Bluetooth connectivity, and AIS-156-compliant safety features, co-developed with IIT Roorkee. A wholly-owned subsidiary, Maxvolt ReEarth, extends the offering into battery recycling, second-life reuse, and critical mineral recovery.

The company generates revenue primarily through one-time hardware sales of battery packs, with pricing disclosed at ₹20,000-50,000 for most consumer SKUs and custom quote-based pricing for OEM and bulk orders. Its go-to-market is a sales-led, multi-channel motion combining 700+ retail dealers, 31+ OEM supply partnerships, an owned e-shop, and 1,100+ service points across India. Operations are anchored by a manufacturing facility in Ghaziabad (Uttar Pradesh) with 6,000+ packs/month capacity, a registered office in New Delhi, a service centre in Bangalore, and a planned 6-acre Aligarh campus targeting 10 GWh annual output under a $73 million expansion programme announced in 2026. FY26 revenue of ₹296.77 crore nearly tripled from ₹107.47 crore in FY25, with net profit of ₹24.38 crore.

Name

Maxvolt Energy Industries

Legal name

Maxvolt Energy Industries Limited

Website

https://maxvoltenergy.com

Company type

Public

Founded year

2019

Operating status

Operating

Headcount range

51–100 employees

Ownership category

akta.pro rank

Product category

Lithium-ion Battery Manufacturing

NAICS

Battery Manufacturing (33591)

SIC

Electronic & Other Electrical Equipment (No Computer Equip) (3600)

akta.pro primary industry

Battery Packs & Energy Storage for Micromobility Manufacturing (IMACAOAE)

akta.pro secondary industries

Battery Pack Manufacturing & Module Assembly (EUAFABAI), E-Mobility Batteries & Swappable Packs (Consumer) (CRACASAI), Collection, Logistics & Reverse Supply Chain (Transport, Sorting, Tracking) (EUAFACAA), Battery Modules & Packs (Industrial/Commercial pack assembly) (IMAGAHAB)

Keywords

• Lithium battery manufacturing
• Electric vehicle batteries
• Energy storage systems
• Battery management systems
• Battery recycling services

Headquarters

HQ city

Noida

HQ country

India

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Lithium Battery Pack Sales: One-time hardware sales of lithium battery packs for electric vehicles (e-scooters, e-rickshaws, e-bikes), inverter batteries, solar energy storage systems, and medical device batteries. Revenue generated from direct sales through e-shop and dealer/OEM channels.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels5 records

Core offering

Maxvolt Energy Industries manufactures and supplies lithium-ion battery packs for electric vehicles (e-scooters, e-rickshaws, e-cycles), inverter backup power, solar energy storage systems, and medical devices. The company sells directly to consumers through its e-shop and an authorized dealer/service network, and supplies 31+ EV OEMs with battery packs. It also operates the Maxvolt ReEarth subsidiary for end-to-end lithium battery recycling and critical mineral recovery.

Product overview

Maxvolt Energy Industries is a lithium battery manufacturer offering a comprehensive portfolio of energy solutions for electric mobility, energy storage, and industrial applications. The core product line includes electric scooter batteries (48V-74V variants), e-rickshaw batteries (51.2V series), inverter batteries (12.8V-51.2V), solar battery storage systems (48V-120V), medical device batteries, e-cycle batteries, and graphene batteries. The company differentiates through proprietary IoT-enabled Smart BMS technology developed in partnership with IIT Roorkee, featuring AI-powered predictive diagnostics and real-time monitoring. Recent additions include the Smart Lithium Inverter Series (August 2025) for power backup and the Eco Series (December 2024) for affordable EV adoption. Through subsidiary Maxvolt ReEarth, the company offers end-to-end battery recycling and circular economy services.

Differentiator

Problem solved

Functional benefit

Brands

• Maxvolt ReEarth: Lithium battery recycling subsidiary handling full battery lifecycle including second-life applications, disassembly, black mass production, and critical mineral extraction (lithium, nickel, cobalt, manganese).

Products and services

• Electric Scooter Battery
• E Rickshaw Battery Lithium-ion battery packs designed for electric rickshaws in 51.2V configurations with capacities of 100AH, 150AH, and 200AH. Provides reliable power for three-wheeler electric vehicles with quick charging and extended cycle life.
• Inverter Battery
• Solar Battery Storage System
• Medical Device Battery
• E-Cycle Lithium Battery
• Smart Lithium Inverter Series
• Eco Series Lithium Battery
• Graphene Battery
• L3 LFP Battery Solution
• Maxvolt ReEarth (Battery Recycling Services)
• Customized Battery Solution

Quantifiable outcome

• Revenue nearly tripled to ₹296.77 crore in FY26 from ₹107.47 crore in FY25
• +4 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability3 records

Feature5 records

Partnerships

Two partnerships are on record, tiered core.

• Indian Institute of Technology Roorkee (IIT Roorkee)coreStrategic or Co-development Partner · 23 February 2026Strategic MoU signed to collaboratively develop advanced AI-driven Battery Management Systems for energy storage and electric mobility solutions. Partnership integrates AI and ML algorithms into BMS platforms enabling real-time monitoring, predictive diagnostics, adaptive charging, and enhanced thermal management. Collaboration includes establishing Centre of Excellence on IIT Roorkee campus focused on Second Life Reusability Detection, supporting India's Make in India and clean mobility initiatives.
• Maxvolt ReEarthcoreOthers · 29 January 2026Subsidiary launched to manage full battery lifecycle including second-life applications, disassembly, black mass production, and extraction of critical minerals such as lithium, nickel, cobalt, and manganese. Plans to partner with EV manufacturers, fleet operators, battery producers, telecom companies, and government agencies to build comprehensive circular economy framework for lithium batteries.

Scale indicators11 records

Recent moves9 records

Expansion highlights6 records

Broad incumbents

• Exide Industries: India's largest lead-acid battery manufacturer, now expanding into lithium-ion for EVs and energy storage through Exide Energy Solutions. A direct competitor in lithium battery packs with vastly greater scale, distribution, and balance sheet strength.
• Amara Raja Energy & Mobility: Major Indian battery manufacturer (Amaron brand) building lithium-ion cell and pack capacity for automotive and storage applications. Comparable in target market and product mix, with significantly larger existing scale and brand.
• Tata AutoComp Systems: Tata Group's automotive components arm actively building Li-ion battery pack and ESS capabilities to support Tata Motors' EV portfolio. Overlaps with Maxvolt in EV battery pack manufacturing, but with parent-group OEM demand and deeper capital.

Direct peers

• Livguard Energy: Indian manufacturer of inverter, automotive, and lithium-ion batteries with pan-India distribution. Direct comparable in product mix (inverter + EV + solar Li-ion packs) and in serving similar SMB/retail channels across India.
• Loom Solar: India-based manufacturer and retailer of solar panels and lithium battery storage systems targeting residential and small commercial customers. Highly comparable in solar/inverter Li-ion battery products and direct-to-consumer e-commerce GTM.
• Batt:Re (Battre Electric Mobility): Indian startup building lithium-ion battery packs and swapping stations for electric two- and three-wheelers. Closest direct peer in target customer (e-2W/e-3W OEMs), product offering, and India-only geographic focus.
• Lohum Cleantech: India-based lithium-ion battery manufacturer with integrated recycling and second-life operations. Highly comparable across pack manufacturing and the recycling/EPR playbook Maxvolt is pursuing via ReEarth.
• Trontek Electronics: Indian lithium-ion battery pack manufacturer serving e-mobility, energy storage, and telecom applications. Direct peer in pack assembly for EVs and ESS, with similar mid-scale Indian manufacturing footprint.

Emerging players

• Ola Electric: India's largest e-2W OEM now building in-house lithium cell manufacturing at its gigafactory. Both an emerging customer/competitor dynamic — a potential large OEM off-taker and a vertically integrated rival for the same pack market.
• Ather Energy: Leading Indian electric scooter OEM with proprietary battery pack and BMS development. Indirectly comparable as both a potential OEM customer (battery off-take) and a technology benchmark for connected, software-rich battery systems.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/maxvoltbattery
• Xx.com/EnergyMaxvolt
• Facebookfacebook.com/Maxvoltbattery

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Maxvolt Energy Industries