Maxvolt Energy Announces ₹700 Crore Investment in EV Battery Manufacturing Plant in Aligarh, UP

By Vikas Bajpai

Last Updated: September 26, 2026
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Uttar Pradesh is strengthening its position in India’s electric mobility and battery manufacturing landscape with Maxvolt Energy’s ₹700 crore project in Aligarh. The Maxvolt Energy EV Battery Plant is planned across nearly six acres and will deliver 10 GWh of annual manufacturing capacity in two phases. The facility is expected to support electric mobility, energy storage, telecom, power backup, and OEM applications, while also marking Maxvolt’s entry into four-wheeler EV batteries.

The project combines large-scale domestic manufacturing with advanced battery-management capabilities and a wider recycling strategy, creating a significant investment in Uttar Pradesh’s clean-energy ecosystem and local industrial supply chain.

What Is the Maxvolt Energy Building in Aligarh?

Maxvolt Energy is developing a ₹700 crore advanced lithium battery manufacturing facility in Aligarh, Uttar Pradesh, with a planned annual capacity of 10 GWh. Spread across approximately 23,576 square metres, or nearly six acres, the facility will be developed in two phases of 5 GWh each.

The project will expand Maxvolt’s manufacturing footprint, support multiple battery applications and mark the company’s entry into four-wheeler electric vehicle batteries. It is also expected to create 1,500–2,000 direct jobs and thousands of indirect employment opportunities across the wider supply chain.

Maxvolt Energy Begins Work on 10 GWh Battery Plant

Maxvolt Energy Industries Limited has begun construction of its new Aligarh battery manufacturing facility following a Bhoomi Pujan ceremony. The project represents an investment of approximately ₹700 crore and forms part of Uttar Pradesh’s broader push to attract investment in electric vehicles, batteries and related industries.

The facility will be built in two operational phases, with each phase planned to provide 5 GWh of annual manufacturing capacity. Once both phases are operational, the Aligarh site is expected to deliver 10 GWh of battery manufacturing capacity every year.

The Bhoomi Pujan ceremony was attended by Alok Kumar, IAS, Additional Chief Secretary, MSME, Uttar Pradesh; Pravin Singh, Director, UPICON; Satish Kumar Gautam, Member of Parliament from Aligarh; Maxvolt Energy leadership; and other stakeholders.

Key Project Highlights
  • Investment: Approximately ₹700 crore
  • Location: Aligarh, Uttar Pradesh
  • Site area: Nearly six acres
  • Built-up area cited: 23,576 square metres
  • Planned capacity: 10 GWh annually
  • Development model: Two phases of 5 GWh each
  • Battery range: 1 kW to 5 MW
  • Direct employment: 1,500–2,000 jobs
  • Indirect employment: Thousands of opportunities across the wider ecosystem
  • New market segment: Four-wheeler EV batteries
  • Applications: EVs, energy storage, telecom, power backup and OEMs

10 GWh Capacity to Strengthen Maxvolt’s Manufacturing Base

The Aligarh project will significantly increase Maxvolt Energy’s planned manufacturing scale.

The company already operates a facility in Duhai, Ghaziabad, with a capacity of 2.5 GWh. Once the Aligarh expansion reaches its planned capacity, Maxvolt’s combined manufacturing footprint is expected to reach 12.5 GWh annually.

The phased approach is designed to allow the company to progressively expand production while validating testing protocols, developing supply chains, and preparing the infrastructure required for additional market segments. The first phase is targeted for completion within approximately 18–24 months, according to recent company statements reported in industry media.

Four-Wheeler EV Batteries Mark a New Direction

One of the most important developments associated with the Aligarh project is Maxvolt Energy’s planned entry into four-wheeler electric vehicle batteries.

The company has traditionally supplied battery solutions for two-wheelers and three-wheelers. Its existing portfolio also covers applications including energy storage, telecom and power backup.

The Aligarh facility is expected to broaden that portfolio by supporting four-wheeler electric mobility alongside other battery applications. Dedicated OEM production lines are planned to allow battery solutions to be developed according to individual customer requirements.

Battery Technology Will Cover 1 kW to 5 MW

The upcoming facility is designed to manufacture a broad range of battery solutions, covering applications from 1 kW to 5 MW.

A key technology component will be integrated Battery Management System (BMS) capabilities. According to the supplied information, the facility will support battery-management systems for conventional slow AC charging as well as higher-power L3 and L5 DC fast-charging applications.

This capability is intended to give Maxvolt flexibility across different battery requirements, ranging from electric mobility to energy storage and OEM applications.

Where Will the Batteries Be Used?

The Aligarh facility is planned to serve multiple segments rather than a single EV category.

Its targeted applications include:

  • Electric mobility
  • Four-wheeler electric mobility
  • Energy Storage Systems (ESS)
  • Telecom
  • Power backup
  • OEM applications

This diversified approach is designed to allow the manufacturing facility to address requirements across electric transportation and stationary energy applications.

Employment and Economic Impact for Aligarh

Beyond battery production, the project is expected to have a wider economic impact on Aligarh and surrounding areas.

The company expects the facility to generate approximately 1,500–2,000 direct employment opportunities. The wider ecosystem is expected to create thousands of indirect opportunities across manufacturing, engineering, quality control, logistics, maintenance, supply chains and allied services.

The supplied information cites estimates ranging from 7,500 to 10,000 indirect employment opportunities, while another project description gives an estimate of 6,000–7,000 indirect jobs. These figures refer to projected wider employment impacts as the project scales.
The investment could also encourage the development of component suppliers and other businesses around the facility, contributing to the formation of a broader industrial cluster.

Uttar Pradesh’s EV Manufacturing Ambition

The Aligarh investment comes as Uttar Pradesh seeks to strengthen its EV and battery manufacturing base under its Electric Vehicle Manufacturing and Mobility Policy.

Alok Kumar said projects of this scale can help establish the manufacturing base targeted by the state and create opportunities for component suppliers, skilled employment and other businesses associated with industrial development.

The project therefore extends beyond the construction of a single battery plant. Its potential impact includes manufacturing, logistics, engineering, quality control, component supply and other activities connected with the electric mobility value chain.

₹6,800 Crore Revenue Potential

Once fully operational, the facility has an estimated annual revenue potential of more than ₹6,800 crore, according to the supplied project information.

The scale of the projected manufacturing operation reflects Maxvolt’s ambition to serve several fast-growing battery markets simultaneously, including electric mobility and energy storage.

The company has also indicated that India’s battery demand could rise to 54 GWh by 2027 and 127 GWh by 2030, providing the broader market context for its capacity expansion. These figures are company estimates cited in the supplied material.

Funding the ₹700 Crore Expansion

The expansion is being funded through a combination of IPO proceeds, debt and internal accruals, according to Bhuvneshwar Pal Singh, Co-Founder, Managing Director and CFO of Maxvolt Energy.

The company said project-specific funding details would be disclosed through its regular corporate disclosures.

Focus on Battery Safety and Quality

Maxvolt Energy said its battery packs are manufactured and tested in line with AIS 156 requirements, while its quality system is ISO 9001:2015 certified.

The company also has research engagements with IIT Roorkee, IIT Delhi and ARCI, including work related to battery management systems and battery safety.

These activities form part of Maxvolt’s wider effort to develop battery technologies and manufacturing capabilities for India’s growing energy and electric mobility markets.

Maxvolt’s Circular Battery Strategy

The Aligarh project is also connected to Maxvolt Energy’s broader plans for battery recycling.

Through its dedicated recycling subsidiary, Maxvolt ReEarth, the company is working towards a closed-loop lithium battery recycling ecosystem. The strategy targets the recovery of critical materials including lithium, cobalt, nickel and manganese.

ReEarth aims to recover materials from up to 500,000 batteries annually by 2030, supported by more than 100 collection centres.

The objective is to create a longer-term battery value chain in which materials can be recovered and reused rather than batteries simply moving from manufacturing to consumption and disposal.

From Ghaziabad to a Larger Battery Manufacturing Network

The Aligarh project builds on Maxvolt Energy’s existing manufacturing operations in Ghaziabad.

With its operational Duhai facility providing 2.5 GWh of capacity and the Aligarh project planned at 10 GWh, the company’s manufacturing footprint is expected to reach 12.5 GWh annually when the new facility reaches its planned scale.

This expansion also reflects a broader shift in the company’s strategy—from conventional battery-pack manufacturing towards a wider ecosystem covering electric mobility, energy storage, advanced battery technologies, research and recycling.

What the Aligarh Project Means for India’s EV Ecosystem

The Maxvolt Energy EV Battery Plant comes at a time when India’s transition towards electric mobility and renewable energy is increasing demand for locally manufactured energy-storage solutions.

By adding 10 GWh of planned annual capacity, expanding into four-wheeler EV batteries and supporting multiple applications, the Aligarh facility is positioned as a significant addition to the domestic battery manufacturing landscape.

The project also combines manufacturing with battery-management technology, OEM-focused production, research activities and recycling plans, creating a broader approach to the battery value chain.

What Happens Next?

The Aligarh facility will now move through its planned development phases, with the first phase targeted for completion in approximately 18–24 months.

Each phase is planned to contribute 5 GWh of annual manufacturing capacity. The phased model is intended to allow Maxvolt to build capacity progressively while developing the infrastructure and supply chains needed to serve emerging battery markets.

For Maxvolt Energy, the project represents another step in expanding its manufacturing capabilities and product portfolio. For Uttar Pradesh, it adds another major investment to the state’s ambitions around EVs, batteries and clean-energy manufacturing.

A Major Battery Manufacturing Milestone

The Maxvolt Energy EV Battery Plant represents a ₹700 crore investment, a planned 10 GWh annual capacity and an expansion into four-wheeler EV batteries.

With applications spanning electric mobility, energy storage, telecom, power backup, and OEM requirements, the Aligarh facility is designed to serve multiple segments of India’s evolving energy market.

Combined with Maxvolt’s existing Ghaziabad operations and its battery-recycling plans through Maxvolt ReEarth, the project points towards a broader domestic ecosystem covering manufacturing, technology, energy storage and material recovery.

As India’s electric mobility and energy-storage sectors continue to develop, the Aligarh project places greater manufacturing capacity, employment generation and battery technology development at the centre of Maxvolt Energy’s next phase of expansion.

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Vikas is an expert automotive writer and news specialist at Electric Vehicle Talks. With a sharp focus on the rapidly evolving EV industry, he brings readers real-time updates, breaking market developments, and clear reporting on electric cars, two-wheelers, and green mobility trends. Vikas is dedicated to delivering accurate, fast-paced news that helps enthusiasts and buyers stay ahead of the curve.