About Durapower Group
Durapower Group is a company based in Singapore (Singapore) founded in 2009 was acquired by Banpu NEXT in February 2023. Durapower Group offers products and services including Lithium-ion Battery Systems, Battery Cell Manufacturing, and Charging Infrastructure. Durapower Group operates in a competitive market with competitors including Electrovaya, Solid Power, QuantumScape, VARTA and Cuberg, among others.
- Headquarter Singapore, Singapore
- SectorsEnergy & Utilities
- Website durapowergroup.com
- Social LinkedIn
- Acquired by Banpu NEXT (Feb 2023)
- Annual Revenue$65.04 M (USD)130as on Dec 31, 2023
- Net Profit$130.33 K (USD)102as on Dec 31, 2023
- EBITDA$1.95 M (USD)129as on Dec 31, 2023
- Latest Funding Round$6M (USD), Debt – Conventional
Oct 2021
- InvestorsHSBC
& 1 more
- Acquired byBanpu NEXT
(Feb 2023)
Products & Services of Durapower Group
Durapower Group offers a comprehensive portfolio of products and services, including Lithium-ion Battery Systems, Battery Cell Manufacturing, and Charging Infrastructure.
Systems for e-mobility and stationary power applications
Manufacturing of lithium-ion cells for various energy solutions
Infrastructure for battery charging in e-mobility contexts
Funding Insights of Durapower Group
- Total Rounds 1
- Last Round Debt – Conventional — $6M
- First Round $6M
(Oct 2021)
- Investors Count 1
All 1 funding rounds of Durapower Group 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 2021 | $6M | Debt – Conventional | – | – |
2 investors in total: 2 institutional.
Investors in Durapower Group
Durapower Group has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include HSBC and Banpu NEXT.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Universal banking and financial advisory services are provided globally. | 1865 | hsbc.com | London, United Kingdom | |
- | – | banpunext.co.th | - |
Investor details for Durapower Group
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People of Durapower Group
6 people are tracked at Durapower Group (5 in leadership, 1 in team).
| Name | Role | Group |
|---|---|---|
Kelvin Lim | CEO | Leadership |
Sanjay Bakshi | Head Of Markets, America | Leadership |
昱竹 卢 | Group CEO | Leadership |
Pek Chuan Quek | Director, Operations | Leadership |
Lay See Tan | Chief Sustainability Officer | Leadership |
Pisomboon Ruangpermpool | Operations Manager | Team |
Complete people profiles for Durapower Group
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Timeline of Durapower Group
3 dated milestones of Durapower Group across 14 years, from founding to its latest funding, stage changes and deals.
- Founded Durapower Group is founded.
- Funding First funding round of $6.0M.
- Exit Acquired by Banpu NEXT.
Competitors of Durapower Group
Durapower Group operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Electrovaya, Solid Power, QuantumScape, VARTA and Cuberg, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| electrovaya.com | 1997 | Mississauga, Canada | – | – | Lithium-ion batteries and management systems are manufactured for key industries. | |
| solidpowerbattery.com | 2011 | Louisville, United States | $182.02M | 270 | Solid-state lithium-ion batteries are developed with solid electrolyte layers. | |
| quantumscape.com | 2010 | San Jose, United States | $100M | 850 | Solid-state lithium-metal batteries are manufactured with anode-less cell design. | |
| varta-ag.com | 1887 | Ellwangen, Germany | – | – | Lithium-ion batteries and storage systems are manufactured for diverse applications. | |
| cuberg.net | 2015 | Stanford, United States | – | 128 | Lithium-ion batteries are developed using a patented solid electrolyte. | |
| factorialenergy.com | 2013 | Woburn, United States | $244.19M | – | Sustainable solid-state batteries are developed for vehicles and infrastructure. | |
| ensurge.com | 2005 | San Jose, United States | $1.36M | 39 | Energy storage solutions for wearable devices are developed by Ensurge. | |
| sakuu.com | 2016 | San Jose, United States | $84.29M | – | Provider of AI-enabled desktop 3D battery printers for automotive applications | |
| ionstoragesystems.com | 2015 | College Park, United States | $38M | 50 | Solid-state lithium batteries are manufactured for multiple applications. | |
| ilika.com | 2004 | Chilworth, United Kingdom | – | 72 | Solid-state batteries for electric vehicles are developed by Ilika. |
Detailed competitors of Durapower Group
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Latest news on Durapower Group
Complete news archive for Durapower Group
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Similar companies to Durapower Group
10 companies that operate in the same segment as Durapower Group (Energy Storage), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Manufacturer of lithium battery modules | 1997 | Shenzhen, Guangdong, China | – | USD 9.01 B | 54,290 | |
Batteries and automotive components are manufactured by Amara Raja Group. | 1985 | Hyderabad, Telangana, India | – | – | – | |
Composite pressure cylinders are supplied for mobility and storage uses. | 2008 | Alesund, Møre And Romsdal, Norway | – | USD 292.68 M | 1,020 | |
Platinum, rhodium, and palladium-based materials are manufactured by Umicore. | 1805 | Brussels, Brussels-capital Region, Belgium | – | USD 292.16 K | 1 | |
Lithium-ion battery packs for EVs and energy storage are manufactured. | 2018 | Noida, Uttar Pradesh, India | USD 1.5 M | USD 31.66 M | 8 | |
Developer of bespoke power storage systems for industrial and grid applications | 2009 | Durham, North Carolina, United States | USD 276.49 M | – | – | |
Automotive batteries and solar products are manufactured by Livguard. | 2014 | Gurugram, Haryana, India | USD 65.14 M | USD 411.14 M | 1,737 | |
Batteries and energy storage systems are manufactured in various chemistries. | 1924 | New York, New York, United States | – | – | 32 | |
Exide is recognized as India's largest battery manufacturer. | 1947 | Kolkata, West Bengal, India | USD 220 M | USD 1.91 B | 20,690 | |
Free mobile charging kiosks are installed in retail stores. | 2012 | Philadelphia, Pennsylvania, United States | USD 35.85 M | – | 41 |
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Frequently Asked Questions about Durapower Group
Durapower Group was founded in 2009 and raised its 1st funding round 12 years after it was founded.
Durapower Group is headquartered in Singapore, Singapore.
Kelvin Lim is the current CEO of Durapower Group.
Annual revenue of Durapower Group is $65.04M as on Dec 31, 2023.
Manufacturer of lithium ion battery systems. It specializes in designing,manufacturing and integrating lithium battery systems for automotive and energy storage applications. They offer closed loop,end to end energy storage solutions for various e mobility.
Durapower Group's top competitors include Ion Storage Systems, Solid Power and QuantumScape.
Durapower Group offers Lithium-ion Battery Systems, Battery Cell Manufacturing, and Charging Infrastructure.
Durapower Group has 2 investors. Key investors include HSBC, and Banpu NEXT.
Yes. Durapower Group was acquired by Banpu NEXT in February 2023.