Maxvolt Energy IPO

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. Competitive Strengths: Quality Assurance Dealership network and presence in across various states Leveraging the experience of the Promoters and Directors Wide range of the products Manufacturing at scale, in-house manufacturing facility with equipped machines and processes Optimal Utilization Resources Customized Product Development

The Company proposes to utilize the Net Proceeds from the Offer towards funding the following objects: Repayment or prepayment, in full or in part, of borrowings availed by the Company from banks, financial institutions and non-banking financial companies. Funding of capital expenditure requirements of the Company towards purchase of Plant and Machineries. General corporate purposes. The Company will not receive any proceeds received from the Offer for Sale by the Selling Shareholder.

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