Maxvolt is expanding its portfolio into four-wheeler electric vehicle batteries, and will also scale manufacturing across electric mobility, energy storage, telecom and power backup.
Maxvolt Energy has announced its upcoming battery plant in Aligarh, Uttar Pradesh. The company has announced an investment of ₹700 crore into the battery facility with a planned capacity of 12.5 GWh. With the new facility, Maxvolt is expanding its portfolio into four-wheeler electric vehicle batteries, and will also scale manufacturing across electric mobility, energy storage, telecom and power backup.
The company completed the foundation ceremony at the site, which is spread over six acres. The facility will be developed in two phases of 5 GWh each, taking the planned annual manufacturing capacity to 10 GWh. The combined capacity across the two sites will reach 12.5 GWh annually. The project is positioned as the largest upcoming battery manufacturing project in Uttar Pradesh and among the significant upcoming battery manufacturing projects in India.
Speaking about the foundation ceremony, Satendra Shukla, Co-Founder & CEO, Maxvolt Energy, said, “India's battery demand is not arriving through one door. E-rickshaw fleets, solar installers, telecom operators, hospitals and households are all moving to lithium at the same time, and every one of them wants a different pack. Aligarh is built for that reality. We are not adding capacity for a single segment, we are scaling a platform that already serves several, and four-wheeler EV batteries are the next application we take on rather than the reason we are building. Dedicated OEM lines let us build to a customer's specification at volume, which is the difference between being a supplier and being a manufacturing partner.”
Mukesh Gupta, Co-Founder & CMO, Maxvolt Energy, said, “The Aligarh facility is an important milestone in Maxvolt Energy’s journey from expanding capacity to building a broader manufacturing ecosystem. The focus is not only on producing more batteries, but on creating the capabilities to serve different applications, from electric mobility and energy storage to telecom, power backup and OEM requirements. With dedicated production lines and the planned expansion into four-wheeler EV batteries, we are building greater flexibility into our manufacturing platform while creating opportunities for customers and partners across the value chain.”
The upcoming facility will manufacture battery solutions ranging from 1 kW to 5 MW. It will have BMS capabilities for slow charging as well as L3 and L5 fast-charging applications. Dedicated OEM production lines will enable the company to manufacture batteries according to individual customer specifications. At present, the company produces batteries for electric two-wheeler and three-wheeler offerings.
At full capacity, Maxvolt Energy says the upcoming battery manufacturing plant will have an annual turnover of over ₹6,800 crore. The company claims the facility will generate 1,500–2,000 direct jobs and 7,500–10,000 indirect employment opportunities across manufacturing, engineering, quality control, logistics and the wider supply chain. The firm expects India’s battery demand to rise from 3 GWh in 2022 to 54 GWh by 2027 and 127 GWh by 2030. The upcoming plant will address multiple battery requirements across mobility, storage, and OEM-specific requirements.
