We demonstrate a very simple, cost-effective and superfast process for making Li-ion battery (LIB) anode grade carbon from agro-waste in the form of sugarcane bagasse using a low power microwave system. Activation of this bagasse derived carbon is carefully optimized by using various weight ratios of KOH to obtain the desired properties of functional carbon in terms of porosity and electrical conductivity. Low equivalent series resistance (ESR), low charge transfer resistance with good electrical conductivity, and optimum porosity for efficient ion diffusion make this carbon a good candidate for Li-ion battery anode material rendering a reversible capacity of 757mAhg−1 at a current density of 100mAg−1 and a good cycling performance at high current rates.