Maxvolt Secures $1.5 Million for Lithium Battery Plans in India
Maxvolt Energy Industries has raised $1Maxvolt Energy Industries has raised $1.
PV Magazine International 11:02 am on May 29, 2024
Maxvolt Energy Industries raised $1.5 million from angel investors to advance lithium-ion battery R&D and production capabilities, aiming for fast-charging solutions in electric vehicles, solar energy systems, etc., targeting a market reach of $300 billion by 2035.
- Investment & Development:
Maxvolt Energy Industries secured significant funding to bolster its lithium-ion battery R&D and production. - Market Strategy:
The company focuses on fast-charging solutions for electric vehicles, solar energy systems, etc., with a strategic market presence in sustainable energy solutions. - Growth Potential & Vision:
Maxvolt envisions capturing the growing demand within the $300 billion addressable lithium battery market by 2035, aiming to introduce prototypes and fast-charging solutions. - Sustainability Efforts:
The company plans to repurpose used batteries and establish recycling plants as part of its commitment to reducing carbon footprint through innovation. - Investor Backing:
Angel investors contributed $1.5 million, signifying confidence in Maxvolt's potential and strategic direction in the clean energy sector.
https://www.pv-magazine.com/2024/05/29/maxvolt-secures-1-5-million-for-lithium-battery-plans-in-india/