Maxvolt Accelerates Growth with $73 Million Investment in Energy Storage & Recycling

Maxvolt Energy Industries Limited has announced a landmark $73 million investment to accelerate its expansion across battery energy storage systems (BESS), lithium-ion battery recycling, and next-generation cell-to-pack manufacturing. The capital deployment marks the company's most ambitious growth phase since its 2019 founding and its listing on the NSE SME Emerge platform.

A significant portion of the investment is directed toward scaling the company's manufacturing footprint — including its expanded 55,000 sq ft Duhai facility in Ghaziabad — and building out the ReEarth recycling ecosystem that recovers lithium, cobalt, nickel and manganese from spent batteries. Together these initiatives are designed to close the loop on India's battery supply chain.

Beyond EV batteries, Maxvolt is investing heavily in grid-scale and commercial energy storage, where demand is rising sharply as India integrates more renewable generation. The company is also establishing a stronger presence across South India, adding warehousing, service infrastructure and dealer support to serve fast-growing Tier-2 and Tier-3 markets.

"This investment reflects our conviction that India's energy transition will be powered by domestic manufacturing and circular-economy thinking," the company noted. "We are building capacity not just for today's two- and three-wheeler demand, but for the storage and recycling needs of the next decade."