Maxvolt Energy Industries Ltd

Incorporated in 2019, Maxvolt Energy Industries Limited is engaged in the business of manufacturing of lithium-ion batteries.The company manufactures lithium-ion batteries for electric vehicles, energy storage, and electronics, sold through dealers, distributors, and OEMs under the "MaxVolt Energy" brand.The company manufactures customized battery packs, supplies Graphene battery packs, and chargers under its own brand name.As of September 30, 2024, the company has service centers in five states, providing support to dealers and distributors for battery issues.The company’s manufacturing facility has advanced machinery, safety measures, and testing labs. It ensures quality control from raw material procurement to final product testing, packaging, and dispatch.Business Model:Manufacturing:The company manufactures a wide range of lithium-ion battery packs and offers customization for capacity, watt-hours, dimensions, and weight.Outsourcing:The company supplies components like lead batteries and chargers, designed and specified by the company, manufactured by third parties.Products:E-Scooter / Bike BatteryE- Rickshaw BatteryE- Cycle BatteryBattery for Energy StorageBattery for Electronic GadgetsLead E-Scooter BatteryLithium Battery Charger, Lead Battery ChargerAs on September 30, 2024, the company has employed 97 personnel.Competitive Strengths:Quality AssuranceDealership network and presence in across various statesLeveraging the experience of the Promoters and DirectorsWide range of the productsManufacturing at scale, in-house manufacturing facility with equipped machines and processesOptimal Utilization ResourcesCustomized Product Development

Maxvolt Energy Industries Ltd proposes to utilise the net proceeds from the Issue for the following objects: