The proposed plant will be in proximity to Maxvolt’s existing manufacturing unit in Ghaziabad, Uttar Pradesh, which will help align the supply chain and seamless operational synergy between the two units. The initiative is part of Maxvolt’s long-term mission to reduce India’s dependency on imported lithium raw materials and close the loop on battery lifecycle management.

“Beyond innovation and quality compliance, sustainability demands accountability and responsible actions. On World Environment Day, we are proud to inform our stakeholders that we are strongly committed to building a circular economy through a path-breaking battery recycling infrastructure in addition to enhancing our annual production,” said Mr. Satendra Shukla, Chief Business Officer and CEO, Maxvolt Energy. “The upcoming facility will enable large-scale recovery of valuable materials, minimize environmental impact, and create a robust backend for India’s EV and ESS revolution.”

Maxvolt already runs a nationwide battery take-back and reuse programme, covering over 85% of India’s pin codes, and is among the few companies actively integrating battery repurposing into its business model. This latest expansion aligns with its ongoing Phase 2 growth strategy that also includes capacity augmentation and ESS battery production for solar and grid-scale storage projects.

“The future belongs to companies that innovate responsibly. Maxvolt is not only creating clean energy solutions but is also ensuring that these solutions do not become tomorrow’s waste,” added Mr. Vishal Gupta, Chairman and CTO, Maxvolt Energy. “Our upcoming plant will embody global best practices in battery recycling, making India self-reliant in critical energy materials.”

Backed by cutting-edge technologies such as Active Balancer Systems, Superior Thermal Management, and Smart Battery Control Mechanisms, Maxvolt achieved a revenue milestone of ₹107 crore in FY 2024-25 by working on its integrated sustainability model comprising production, reuse, and recycling. This futuristic strategy positions Maxvolt as a frontrunner in India’s clean energy ecosystem.

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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

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The Eco Series, designed as a game-changing alternative to traditional lead-acid batteries, promises a transformative e-scooter experience for consumers. These lightweight, high-performance batteries are engineered to ensure a hassle-free switch to lithium power, offering benefits such as rapid charging and a remarkable 4-5 years reliable lifespan. To further enhance consumer confidence, Maxvolt provides a robust 15-month replacement warranty.

Speaking on the occasion, Mr. Satendra Shukla, Chief Business Officer of Maxvolt Energy, stated, “The Eco Series embodies our commitment to innovation and sustainability. By addressing the growing demand for efficient and eco-friendly battery solutions, we aim to empower consumers and contribute to India’s journey towards a pollution-free future. Besides, the Maxvolt Eco Series provides superior performance, longer lifespan, and greater safety, all at a competitive price”.

Available in multiple variants – 48V 25Ah, 60V 25Ah, 74V 25Ah, 48V 29Ah, 60V 29Ah, and 74V 29Ah, Maxvolt’s lithium batteries under the Eco Series are suitable for diverse range of e-scooter models. Keeping Safety First aspect as the USP of Eco Series, these batteries have features such as vibration control, water resistance, air release vent, high-temperature protection, overcurrent, overcharge, discharge protections, and short circuit protection. In addition, their lightweight and rapid charging capabilities ensure seamless adoption and improved performance for e-scooter users.

Industry stakeholders at EVExpo 2024 also engaged in insightful discussions at the conference titled “Unfolding Opportunities in EV Sector.” The event spotlighted India’s evolving EV ecosystem, highlighting the crucial role of sustainable solutions like the Eco Series in achieving a pollution-free future.

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Aao Sath Chalen tirelessly works towards its mission of ensuring water conservation and food security, ensuring that no one goes hungry. Its efforts extend to assisting cancer patients, providing healthcare and educational support to impoverished families, and facilitating the marriages of destitute girls.

Mr. Visshnu Mittal, who has consistently worked at the grassroots level to support the dignity and self-respect of these communities, expressed his enthusiasm for the campaign, stating, “This initiative is not just about providing light; it’s about empowering families and ensuring they have the resources they need to thrive. This Diwali, we are illuminating lives and fostering hope for a brighter future.”

Maxvolt Energy, known for its innovative lithium battery packs designed for electric vehicles, energy storage systems, and medical equipment, recognizes the transformative power of sustainable energy. Through this collaboration, the company is committed to providing a reliable source of light and energy to homes in slum areas, making daily life easier and safer. With these solar batteries, children will have the opportunity to study at home, improving their educational prospects.

Vishal Gupta, Co-founder and CTO of Maxvolt Energy, remarked, “We believe that access to clean energy is everyone’s right. By partnering with Aao Saath Chalen, we are promoting clean energy solutions that can help combat climate change while improving living conditions for the less fortunate. This initiative aligns with our mission to drive positive change through innovation.”

As the festive season approaches, this initiative serves as a reminder that even small acts of kindness can create significant change. This heart-warming step by Maxvolt Energy and Aao Sath Chalen brings light into slums and fosters a sense of dignity and hope for a better future.

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