About Maxwell Energy Systems
Maxwell Energy Systems is a Transportation, Automotive & Logistics company based in Mumbai (India) founded in 2016 by Alexandre Jacques Collet, and was acquired by Endurance Technologies in July 2022. Battery management systems for electric vehicles are developed and supplied. It operates in the Transportation, Automotive & Logistics and Energy & Utilities sectors. Maxwell Energy Systems has raised $83.69 thousand across 1 funding round from investors including Endurance Technologies. The company has 115 employees. Its Indian entity Maxwell Energy Systems Private Limited reported revenue of ₹70.02 Cr. Maxwell Energy Systems offers products and services including FS-LT, CT-Lite, CT-Lite+ 50A, CT-Lite+ 80A, and HP-Safe. Its focus areas include Energy Tech, Electric Vehicles, Vehicle Management and B2B.
Company details
Maxwell Energy Systems was founded in 2016 in Mumbai, India. Operations focus on the electric vehicle sector, where battery management systems are designed, manufactured, and supplied to original equipment manufacturers. Advanced electronics are provided to support vehicle assembly, alongside comprehensive battery management solutions. The company serves clients in the automotive industry through its domain at maxwellenergy.co.
- Headquarters Mumbai, India
- Employees 115
- Founders Alexandre Jacques Collet
- Stage Acquired
- SectorsTransportation, Automotive & LogisticsEnergy & Utilities
- Website maxwellenergy.co
- Social LinkedIn YouTube
- Acquired by Endurance Technologies (Jul 2022)
- Legal Name Maxwell Energy Systems Private Limited
- Date of Incorporation 23 Aug, 2017
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹70.02 Cr
FY 2025 · +11% YoY
- Net Loss-₹16.81 Cr
FY 2025 · -24% margin
- EBITDA-₹6.69 Cr
FY 2025 · -10% margin
- Total Equity Funding$83.69K (USD)
in 1 rounds
- Latest Funding Round$83.69K (USD), Seed
Oct 2017
- Investors
- Employee Count115
- Acquired byEndurance Technologies
(Jul 2022)
Associated legal entities of Maxwell Energy Systems
Maxwell Energy Systems is associated with 2 registered companies on The Company Check; the primary company is Maxwell Energy Systems Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Maxwell Energy Systems Private Limited CIN U72900PN2017PTC243326 | Active | 23 Aug 2017 | Pune, Maharashtra | ₹70.0 Cr | 115 | 4 | View details |
| Maxwell Energy Systems Private Limited CIN U72900MH2017PTC298930 | 23 Aug 2017 | Mumbai, Maharashtra, India | View details |
Products & Services of Maxwell Energy Systems
Maxwell Energy Systems offers a comprehensive portfolio of products and services, including FS-LT, CT-Lite, CT-Lite+ 50A, CT-Lite+ 80A, and HP-Safe.
BMS for standalone and stackable architectures in low voltage applications
Compact BMS for cost-effective mobility and electric vehicles
Enhanced BMS variant for competitive mobility solutions
High-capacity BMS for mobility and power applications
Functionally safe BMS for high power low-voltage uses
Interface board for external contractors in power systems
Funding Insights of Maxwell Energy Systems
Maxwell Energy Systems has successfully raised a total of $83.69K through 1 strategic funding round. The most recent funding activity was a Seed round of $83.69 thousand completed in October 2017. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $83,689
- Total Rounds 1
- Last Round Seed — $83,689
- First Round $83,689
(Oct 2017)
All 1 funding rounds of Maxwell Energy Systems with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2017 | $83,689 | Seed | – | – | – |
1 investors in total: 1 institutional.
Investors in Maxwell Energy Systems
Maxwell Energy Systems has secured backing from 1 investor. Prominent investors backing the company include Endurance Technologies.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Auto components including suspension and braking systems are manufactured. | 1985 | endurancegroup.com | Aurangabad, India |
Investor details for Maxwell Energy Systems
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Board of directors of Maxwell Energy Systems Private Limited (Maxwell Energy Systems)
Maxwell Energy Systems Private Limited is the primary company behind Maxwell Energy Systems. The board of Maxwell Energy Systems Private Limited currently have 3 directors; the longest-serving is Jignesh Gandhi, appointed in 2022. 6 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Jignesh Gandhi DIN 09651207 | Director | 01 Jul 2022 | 4 yrs 4 mo | Maxwell Energy Systems Private Limited |
| Sunil Vitthalrao Kolhe DIN 09650178 | Director | 01 Jul 2022 | 4 yrs 4 mo | Maxwell Energy Systems Private Limited |
| Muralikrishna Giddaluru DIN 10137743 | Director | 04 May 2023 | 3 yrs 5 mo | Maxwell Energy Systems Private Limited |
People of Maxwell Energy Systems
17 people are tracked at Maxwell Energy Systems (7 in leadership, 10 in team); the tracked headcount is 115.
| Name | Role | Group |
|---|---|---|
Akhil Prakash Panjuwani | Director | Leadership |
Prakash Hiralal Panjwani | Director | Leadership |
Alexandre Jacques Collet | Co-Founder & CTO | Leadership |
Santhosh Baliga | Head Of Electronics | Leadership |
Sourabh Gupta | VP Electronics | Leadership |
Alexandre Collet | Co-founder & CTO | Leadership |
Prathap H | Vice President - Operations Quality & Sourcing | Leadership |
Nithesh Naik L | Hardware Design Engineer | Team |
Ankur Kushwaha | Senior Hardware Design Engineer | Team |
Rohan Upadhye | Hardware Design Engineer | Team |
Collet Guillaume | Internal Tool Software Engineer | Team |
Asif Shah | Hardware Lead | Team |
Ansh Bohrey | Application Engineer | Team |
Niranjan K M | Firmware Engineer | Team |
Sandeep Nair | Senior Software Engineer | Team |
Vraj Hitesh Parikh | Senior Application Engineer | Team |
Aakash Jain | Technical Project Manager | Team |
Complete people profiles for Maxwell Energy Systems
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Financials of Maxwell Energy Systems
Figures of Maxwell Energy Systems Private Limited, the primary company behind Maxwell Energy Systems, for FY 2025. Revenue was ₹70.02 Cr (+11% year on year). Net loss was -₹16.81 Cr (-24% margin). EBITDA was -₹6.69 Cr (-10% margin). Revenue has grown at a compounded annual rate of +53% over three years and +60% over five years.
- ₹70.02 CrRevenue · FY 2025 · +11% YoY
- -₹16.81 CrNet loss · -24% margin
- -₹6.69 CrEBITDA · -10% margin
- ₹1.4 LakhPaid-up capital
- 115Employees (provident fund records)
- +53%Revenue CAGR, 3 years
- +60%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Maxwell Energy Systems Private Limited are on its company page.
Detailed financial statements for Maxwell Energy Systems
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Maxwell Energy Systems
3 dated milestones of Maxwell Energy Systems across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Maxwell Energy Systems is founded.
- Funding First funding round of $84K.
- Exit Acquired by Endurance Technologies.
Web traffic of Maxwell Energy Systems
The website of Maxwell Energy Systems (maxwellenergy.co) receives about 4.1K visits a month.
- Monthly visits4.1K
▼ 15.9% vs previous month
Websites whose visitors overlap most with Maxwell Energy Systems. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| navtechelectronics.com | 100% | #10,588,985 | View details | ||
exicom-cp.com | exicom-cp.com | 88% | – |
Top companies in Electric & Green Mobility
3 companies that operate in the same segment as Maxwell Energy Systems (Electric & Green Mobility) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Electric ride-hailing and cab services are provided via mobile app. | 2019 | Mumbai, Maharashtra, India | USD 168.52 M | |||
Shared electric two-wheelers are rented via an online platform. | 2017 | Bengaluru, Karnataka, India | USD 187.54 M | USD 2.14 M | 251 | |
Manufacturer of electric scooters, charging infrastructure, smart helmets, and accessories | 2013 | Bengaluru, Karnataka, India | USD 502.02 M | USD 391.37 M | 1,917 |
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Related news about Maxwell Energy Systems
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Frequently Asked Questions about Maxwell Energy Systems
Maxwell Energy Systems was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Maxwell Energy Systems is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Maxwell Energy Systems is a funded company, having raised a total of $83.69K across 1 funding round to date. The company's 1st funding round was a Seed of $83.69K, raised on Oct 2017.
Maxwell Energy Systems has 115 employees.
The primary company behind Maxwell Energy Systems, Maxwell Energy Systems Private Limited, reported revenue of ₹70.02 Cr for FY 2025, up 11% year on year.
Maxwell Energy Systems was founded in 2016 in Mumbai, India. Operations focus on the electric vehicle sector, where battery management systems are designed, manufactured, and supplied to original equipment manufacturers. Advanced electronics are provided to support vehicle assembly, alongside comprehensive battery management solutions. The company serves clients in the automotive industry through its domain at maxwellenergy.co.
Maxwell Energy Systems offers FS-LT, CT-Lite, CT-Lite+ 50A, CT-Lite+ 80A, and 2 more products and services.
Maxwell Energy Systems has 1 investor. Key investors include Endurance Technologies.
Maxwell Energy Systems operates through Maxwell Energy Systems Private Limited.
Yes. Maxwell Energy Systems was acquired by Endurance Technologies in July 2022.
The legal entities of Maxwell Energy Systems currently have 4 directors, including Muralikrishna Giddaluru, Jignesh Gandhi, Sunil Vitthalrao Kolhe and others.