Key Highlights
- MaxVolt Energy performed Bhoomi Pujan for a 10 GWh lithium battery pack manufacturing campus in Aligarh, Uttar Pradesh.
- The project involves an investment of approximately ₹700 crore.
- The Aligarh facility will be developed in two phases of 5 GWh each.
- Phase I is targeted for commissioning within 24 to 30 months.
- Phase II is planned within a further 18 months.
- The facility will have a planned capacity of 10 GWh per year.
- MaxVolt Energy’s total planned capacity will reach 12.5 GWh per year including its existing 2.5 GWh Duhai facility.
- The Aligarh project covers approximately 23,576 square metres or around six acres.
- The facility will manufacture and assemble battery packs for electric mobility, energy storage, telecom and power backup applications.
- Dedicated OEM production lines and four-wheeler EV battery capabilities are planned at the facility.
- The project is expected to create 1,500 to 2,000 direct and 7,500 to 10,000 indirect employment opportunities.
- MaxVolt Energy estimates turnover potential of more than ₹6,800 crore per year at full capacity utilisation.
MaxVolt Energy Industries Limited has performed the Bhoomi Pujan for its planned 10 GWh lithium battery pack manufacturing and assembly campus in Aligarh, Uttar Pradesh. The project involves an investment of approximately ₹700 crore and is expected to expand the company’s battery manufacturing capacity across electric mobility, energy storage, telecom and power backup applications.
The Aligarh facility will be developed in two phases, with each phase planned to add 5 GWh of annual capacity. According to the company, the first 5 GWh phase is targeted for commissioning within 24 to 30 months, while the second 5 GWh phase is planned within a further 18 months.
The project is located at the Industrial Estate, Khyamai, Aligarh, and will cover approximately 23,576 square metres, or around six acres.
MaxVolt Energy to Expand Battery Manufacturing Capacity
The new Aligarh campus will focus on battery pack manufacturing and assembly. The facility will integrate battery management systems (BMS), chargers and inverters and is planned to serve applications ranging from 1 kW to 2 MW.
MaxVolt Energy said the facility will include dedicated OEM production lines and will also support battery requirements for four-wheeler electric vehicles. The company’s product range is expected to include battery systems supporting slow charging as well as L3/L5 fast-charging applications.
Once both phases of the Aligarh project are operational, MaxVolt Energy’s planned capacity will increase to 12.5 GWh per year, including the company’s existing 2.5 GWh facility at Duhai, Ghaziabad.
Project Timeline and Investment
The approximately ₹700 crore investment will be used to establish the Aligarh battery manufacturing and assembly campus. The company said construction activity has commenced following the Bhoomi Pujan.
The project is planned in two 5 GWh phases:
- Phase I: 5 GWh capacity, targeted within 24 to 30 months.
- Phase II: Additional 5 GWh capacity, targeted within a further 18 months.
- Combined planned capacity: 10 GWh at Aligarh.
- Total company capacity after expansion: 12.5 GWh per year, including the existing 2.5 GWh facility at Duhai.
MaxVolt Energy said the project could have a turnover potential of more than ₹6,800 crore per year at full capacity utilisation across both phases.
Employment Generation
The Aligarh campus is expected to generate 1,500 to 2,000 direct jobs and around 7,500 to 10,000 indirect employment opportunities, according to the company’s project details.
The development is also expected to support the broader battery and electric vehicle manufacturing ecosystem in the region through component suppliers, manufacturing activities and associated services.
Management Comments
MaxVolt Energy Co-Founder and CEO Satendra Shukla said the Aligarh facility is being designed to cater to different battery requirements across applications such as electric three-wheelers, solar installations, telecom operations, hospitals and households.
Co-Founder, Managing Director and CFO Bhuvneshwar Pal Singh said the company plans to execute the project in two phases and that funding would involve a combination of internal accruals, debt, planned capital raises and project-specific funding.
Co-Founder and Chief Operating Officer Sachin Gupta said the company plans to commission the first 5 GWh phase within 24 to 30 months and add the second 5 GWh phase over the following 18 months.
Government Support
Alok Kumar, IAS, Additional Chief Secretary, MSME, Government of Uttar Pradesh, said projects of this scale can contribute to the development of an industrial ecosystem involving component suppliers, manufacturing and skilled employment.
The company said the project is supported under the Uttar Pradesh Electric Vehicle Manufacturing and Mobility Policy 2022, which provides incentives including capital subsidy, stamp duty reimbursement, certification support and skilling incentives for eligible projects. The project has also received support from UPSIDA for industrial infrastructure and approvals.
With the Bhoomi Pujan completed, MaxVolt Energy has moved the Aligarh project into the construction phase. The company plans to use the facility to expand its battery pack manufacturing capabilities across electric mobility, energy storage and other power applications.