FLO MOBILITY
At Flo Mobility, we are building an autonomous tech stack that can be applied to two wheelers, delivery bots and other use cases where slim and sleek bots need to navigate in crowded, unstructured environments.
Author: VG Admin
Vivek Kumar
Vivek Kumar Vivek is the CEO at VENTURE GARAGE and works with early stage business in scaling & fund-raising After careers in Research & Retail have been an Online entrepreneur for some time. He currently spend most of his time working with owners of small …
Vineet Sagar
His expertise lies in Business Strategy, Financial Consulting, B2B, B2C, retail, online and offline markets. Author of many company analyses of the world’s leading blue-chip companies listed on the NASDAQ and NYSE that are published on Forbes, The Wall Street Journal & Seeking Alpha.
Current Position: Managing Partner at Venture Gararge. Strategic Advisor at Fitzup, Bueno Café, Fee on Time etc.
Experience: He was at BrickVoice- India’s 1st End to End Housing Relocation Services Provider as COO. Before that he worked with Trefis and Grail Research
Location: Delhi
Educational Background: CFA – Level 3 Candidate & B.Tech. ECE
Expertrons
$2.3mn in pre-Series A funding from investors like LetsVenture, Ah!Ventures, Venture Garage, Auxano, and Venture Catalyst. Read full news here Mumbai-based Expertrons, an Artificial Intelligence (AI) video bot platform for career management, has raised an undisclosed amount in its seed funding round. Read full news …
Intents Mobi News
Venture Garage Portfolio Company Intents Mobi, a Geospatial Intelligence company raises $600K. 3 Early-stage VCs and VG angels participated Gurgaon based geospatial intelligence startup has raised 600K USD in its seed round from a group of VC firms led by Auxano Entrepreneur Trust. The round …
Mandeep Singh
Mandeep M Singh
Chartered Accountant with close to 30 years of corporate experience with marquee names like HSBC, Convergys, Dell, Bank of America and Tech Mahindra.
Work Experience: A global leader, Mandeep has a stellar experience of signing new business deals, setting up operations, managing growth and cost, leveraging automation and technology. His last corporate role involved signing a Billion dollar M&A deal.
Mandeep has been involved in the Start-up Eco system for the last five years in the capacity of an Angel investor and Mentor. He has investments in close to 50 start-ups including TransparentBusiness (a pre-IPO stock in US), Foxwin (a Tech start-up in Italy), Zup (acquired by Paymate, currently at Series D), Trell (has raised Series B) and INICU (raising series A).
Mandeep is constantly looking for investment opportunities for early stage investments and enhance his reach as an Advisor and Mentor for start-ups in his portfolio.
Area of Expertise: His specialization includes Business strategy, Global expansion, Growth consulting and M&A
Location: Gurugram
Educational Background: CA: The Institute of Chartered Accountants of India
Feature Friday Series
>> Are you curious to learn about secrets of making it big in your fund raising journey?>> Are you looking to hit the market for your next fund raise?>> Are you stuck in negotiations with Investors?>> Seeking direct answers from the startups who have raised …
Jadooz Entertainment Center
Jadooz, a Venture Garage portfolio company, comes out of lockdown to launch its first cinema+vr zone+educafe in Himachal in Hamirpur.
Vgangels
An India-focused battery company that makes durable lithium-ion batteries designed for harsh domestic operating conditions.
| Sector | Automotive Battery | Renewable Energy | Energy Storage | Battery Management System |
|---|---|
| Location | Noida, India |
| Stage | Seed |
| Website | www.maxvoltenergy.com |
About
MaxVolt Energy’s flagship product, sold under the MaxVolt Energy brand, is an economical and efficient lithium-ion battery that comes with end-to-end service. The batteries offer fast charging and a longer range per charge, and are priced at INR 13.5 to 16.5 per watt-hour, below the industry standard.
Under a buy-back program, customers can return used batteries, which are then recycled or reused.
Funding Update
In mid-2024, MaxVolt raised $1.5 million in a private placement round through Venture Garage, from VG Angels along with other angels and family offices.
The company listed on the NSE Emerge (SME) platform on 19 February 2025.
Why We Invested
We invested in MaxVolt for several reasons together. Its lithium-ion batteries are built for harsh domestic operating conditions and come with end-to-end service. They are priced below the industry standard, and the buy-back program, under which used batteries are recycled or reused, gives the business a circular-economy model. The three co-founders bring 6, 16 and 15+ years of experience across renewable energy and battery R&D, business development and finance.
The company also operates in a growing market. India’s annual battery market could exceed $15 billion by 2030, and the Indian lithium-ion battery market is expected to grow from USD 2.34 billion in 2022 to USD 5.75 billion in 2028, a CAGR of 17.23%. Globally, the lithium-ion battery market is projected to reach USD 193.13 billion by 2028.
Team
Co-Founder & Techno Commercial Head
Over 6 years of experience in the renewable energy industry. Previously co-founded Letsperf and was Manager of R&D at Skilancer Solar’s battery division.
Co-Founder & Business Development Head
Over 16 years of experience across business development, business analysis and finance roles. Heads sales and business development at MaxVolt Energy, focused on cost-effective, affordable solutions for faster adoption of electric vehicles and energy storage.
Co-Founder & CFO
15+ years of experience in finance and accounting across industries. Has previously worked with Wish kart Marketing consultancy, PolicyBazaar.com and Metropolis Health Services, among others.
