Maxvolt Energy Signs MoU with IIT Delhi’s FITT for Battery Technology Collaboration
Maxvolt Energy Industries Limited has entered into a Memorandum of Understanding (MoU) with the Foundation for Innovation and Technology Transfer (FITT), IIT Delhi. This agreement aims to establish a collaborative framework focused on enhancing research and development capabilities within the energy sector.The MoU outlines mutual collaboration in several key areas, including research, development, consulting, testing, validation, and technical advisory services, specifically within battery technologies and Battery Management Systems (BMS). The partnership is structured as a domestic collaboration.
The scope of the agreement centers on the development, optimization, and validation of battery systems, BMS hardware/software, algorithms, and related technologies. Implementation will be executed through project-specific annexures.
Under the MoU, IIT Delhi, through FITT, will provide technical consulting, R&D, testing, and validation services. Project scope, deliverables, timelines, and payments will be defined separately. A significant condition of the agreement is that Intellectual Property (IP) generated under funded projects will be assigned to Maxvolt, subject to agreed licensing terms.
The primary objectives of the collaboration are to enhance Maxvolt’s R&D capabilities, access academic expertise, accelerate innovation in battery and energy storage technologies, and strengthen the company’s overall product development capabilities.
Key details regarding the agreement are summarized below:
| Detail | Information |
|---|---|
| Parties Involved | Maxvolt Energy Industries Limited and Foundation for Innovation and Technology Transfer (FITT), IIT Delhi. |
| Area of Collaboration | Research, development, consulting, testing, validation, and technical advisory in battery technologies and Battery Management Systems (BMS). |
| Scope of Work | Development, optimization, and validation of battery systems, BMS hardware/software, algorithms, and related technologies. |
| Nature of Consideration | Project-based consideration, to be mutually agreed and specified in individual project annexures. |
| Expected Benefit | To establish a collaborative framework and accelerate innovation in battery and energy storage technologies. |
| IP Rights | IP generated under funded projects will be assigned to Maxvolt, subject to agreed licensing terms. |
MAXVOLT Stock Price Movement
As of 1:23 PM, Maxvolt Energy Industries Limited shares are rallying hard, surging 9.99% to trade at ₹395.7. The stock continues to see heavy institutional interest, supported by a robust trading volume of 80,800 shares.Source:
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