1.Company Information
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 Battery
- E- Rickshaw Battery
- E- Cycle Battery
- Battery for Energy Storage
- Battery for Electronic Gadgets
- Lead E-Scooter Battery
- Lithium Battery Charger, Lead Battery Charger
- As on September 30, 2024, the company has employed 97 personnel.
2. Strenghts
1) Quality Assurance
2) Dealership network and presence in across various states
3) Leveraging the experience of the Promoters and Directors
4) Wide range of the products
5) Manufacturing at scale, in-house manufacturing facility with equipped machines
and processes
6) Optimal Utilization Resources
7) Customized Product Development
3. Objects of the Issue
The Company proposes to utilize the Net Proceeds from the Offer towards funding
the following objects:
1)Repayment or prepayment, in full or in part, of borrowings availed by the Company
from banks, financial institutions and non-banking financial companies.
2)Funding of capital expenditure requirements of the Company towards purchase of
Plant and Machineries.
3)General corporate purposes.
The Company will not receive any proceeds received from the Offer for Sale by the
Selling Shareholder.
4.MAXVOLT ENERGY INDUSTRIES LIMITED SME IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com