Durapower Holdings
Durapower Holdings is a Singapore-based lithium-ion battery manufacturer (founded 2009) supplying tier-one battery cells, packs, and energy storage systems for e-mobility, marine, specialty vehicles, and stationary applications to global OEMs and port operators across 25 countries.
- Company typePrivate
- Founded2009
- HeadquartersSingapore, Singapore
- Headcount251–500
- GTM typeB2B
- OfferingHardware or Manufacturing
What Durapower Holdings does
Durapower Holdings Pte Ltd is a Singapore-headquartered (founded 2009) lithium-ion battery manufacturer positioned as a tier-one supplier to global vehicle manufacturers. The company designs, manufactures, and integrates lithium-ion battery cells, packs, and full energy storage systems for four end markets: e-mobility (electric buses, heavy-duty vehicles, passenger cars, 2/3 wheelers, HEVs and PHEVs), marine (the Octopus Series jointly developed with EST-Floattech), specialty vehicles such as port automated guided vehicles, and stationary applications including peak shaving, frequency regulation, black start, and EV charging support. Its core product line centers on proprietary NMC and LFP cells packaged into the DP Omni Battery Pack and the DP Flex modular platform, with a cloud-based Fire & Explosion Management System (FXMS) developed with NTU Singapore using Digital Twin technology for predictive monitoring and lifecycle management. Manufacturing assets include the Suzhou facility in China (a new 32,500 sqm factory under construction targeting 2.0 GWh by Q2 2025), the DP NEXT assembly plant in Thailand, and a planned Poland JV site targeting up to 2 GWh, supported by an R&D center in Singapore.
The company monetizes through direct B2B hardware sales of cells, packs, and energy storage systems to enterprise customers, complemented by technology licensing and JV-based assembly partnerships (Banpu NEXT in Thailand, Pozbud/Elmodis in Poland). Go-to-market combines direct enterprise sales to vehicle OEMs and port operators (including PSA Singapore, where Durapower powers over 60% of the Tuas Port AGV fleet, and VDL Steelweld for Busan port AGVs) with channel partnerships via joint-venture manufacturing and exclusive Asia distribution of EST-Floattech's Octopus Series. A second-life deployment and recycling alliance with TES extends the revenue model into battery lifecycle services. Since March 2023, Banpu NEXT has held a 65.10% controlling stake following a US$70 million investment, providing balance sheet support for the company's stated goal of approximately 4 GWh of capacity by 2025 across a diversified China-Thailand-Europe manufacturing base.
Durapower Holdings firmographics
Firmographics- Name
- Durapower Holdings
- Legal name
- Durapower Holdings Pte Ltd
- Website
- https://durapowergroup.com
- Company type
- Private
- Founded year
- 2009
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- Durapower Holdings is a Singapore-based lithium-ion battery manufacturer (founded 2009) supplying tier-one battery cells, packs, and energy storage systems for e-mobility, marine, specialty vehicles, and stationary applications to global OEMs and port operators across 25 countries.
- Ownership category
- akta.pro rank
Durapower Holdings industry classification
Industry- Product category
- Lithium-ion Battery Systems & Energy Storage
- NAICS
- Battery Manufacturing (33591), Battery Manufacturing (335910)
- SIC
- Electronic & Other Electrical Equipment (No Computer Equip) (3600)
- akta.pro primary industry
- Battery Modules & Packs (Industrial/Commercial pack assembly) (IMAGAHAB)
- akta.pro secondary industries
- Battery Second-Life, Testing & Repurposing (EV-to-Stationary) (EUAIAIAK), Battery Second-Life Repurposing & Integration (Stationary Reuse, Repack/Remanufacture) (EUAFACAG)
Keywords
Where Durapower Holdings is headquartered
LocationHeadquarters
- HQ city
- Singapore
- HQ country
- Singapore
- HQ region
- Asia
Offices6 records
Markets served
Durapower Holdings business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Technology or R&D, Personnel, Infrastructure, Marketing or Sales
Revenue model
- Battery Cell and Pack Manufacturing: Durapower manufactures and sells lithium-ion battery cells and packs for electric vehicles, marine vessels, and stationary energy storage applications. The company operates its own battery cell manufacturing facility and supplies to vehicle manufacturers as a tier-one supplier.
- Technology Licensing: Durapower licenses its battery technology to partners for assembly operations, such as the Thailand joint venture with Banpu NEXT and Cherdchai Motors where Durapower supplies battery cells and modules and licenses technology for battery system assembly.
- Energy Storage Solutions (ESS): Durapower provides containerized, rack, and modular energy storage solutions for various applications including peak shaving, frequency regulation, black start, and EV charging support.
Go-to-market motion3 records
Distribution channels3 records
Marketing channels4 records
Durapower Holdings product offering
Product offeringCore offering
Durapower Holdings manufactures and integrates lithium-ion battery cells, modules, and packs for e-mobility, specialty vehicles, marine vessels, and stationary energy storage applications. As a tier-one supplier to global vehicle manufacturers, the company supplies battery systems integrated into electric, hybrid, and plug-in hybrid vehicles, and delivers containerized, rack, and modular energy storage solutions ranging from 2.4 kWh to MWh scale. The portfolio is supported by a cloud-based Digital Twin platform (FXMS) for predictive battery management and a second-life deployment program that repurposes retired EV batteries into stationary storage.
Product overview
Durapower Group offers a closed-loop, end-to-end portfolio of Lithium-ion Battery Systems & Solutions for e-mobility, specialty vehicles, marine, and stationary applications. The product portfolio centers on proprietary battery cells and modules including the DP Omni™ Battery Pack for electric bus fleets and the DP Flex lightweight battery module, complemented by the jointly-developed Octopus Series maritime battery system with EST-Floattech. For stationary energy storage, the company provides modular ESS solutions (Modules, Racks, Cabinets, Containerized) supporting applications such as Black Start, Peak Shaving, Frequency Regulation, and EV Charging. Additional offerings include Second-Life Deployment services for battery repurposing and Marine Battery Solutions for vessel electrification. All products are supported by a cloud-based digital twin technology (FXMS) for predictive battery management.
Differentiator
Problem solved
Functional benefit
Brands
- DP Omni™ Battery Pack: Universal lightweight battery pack for electric bus fleets and retrofits featuring proprietary NMC battery cells with pack energy density beyond 160Wh/kg and recharge time of less than one hour.
- DP Flex
- Octopus Series
- Second-Life Deployment
Products and services
- DP Omni™ Battery Pack Universal integrated battery pack featuring proprietary NMC battery cells achieving pack energy density beyond 160Wh/kg with recharge time under one hour, approximately 37kWh capacity, configurable for various voltage and capacity requirements. Compatible with most Asian and European e-bus OEMs and designed for fleet retrofits.
- DP Flex Battery Module Lightweight battery module weighing 63kg with advanced proprietary lithium battery technology providing high energy density through chassis integration. Designed for commercial electric vehicles with fast pantographic charging capability, applicable in all weather conditions, with second-life deployment capability for stationary ESS applications. UN ECE R100, UN38.3, IEC 62660-2, and IEC 62619 certified.
- Octopus Series Maritime Battery System Maritime certified battery system developed jointly with EST-Floattech, offering High Energy and High Power battery modules scalable from 100 kWh to 10 MWh. Available as fixed configuration or containerized solution in 10-foot and 20-foot containers. Durapower holds exclusive distribution rights in Asia. DNV type approved for maritime applications.
- Battery Energy Storage System (BESS) High-performance, liquid-cooled, lithium-ion based containerized Battery Energy Storage System (BESS) with multi-tier safety safeguards, IEC and UN ECE certified cells and modules. Deployed at Solar Hybrid Power Plant for Indonesian mining site. Supports peak shaving, frequency regulation, black start, EV charging, and renewable integration applications.
- Energy Storage Solutions (ESS) Modules
Quantifiable outcome
- Energy density beyond 160Wh/kg at pack level
- +4 more outcomes
Companies that use Durapower Holdings
Customer profileNamed customers6 records
Segments5 records
Ideal customer profiles3 records
Durapower Holdings technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability5 records
Feature5 records
Durapower Holdings partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered minor, core and major.
- VDL SteelweldminorSupply agreement for up to 60 lithium-ion battery units for automated guided vehicles (AGVs) in Busan, South Korea port. Marks Durapower's entry into South Korean port solutions market, expanding existing presence in port applications in Singapore and Europe.
- Nanyang Technological University Singapore (NTU Singapore)coreJoint development of cloud-based Fire & Explosion Management System (FXMS) using Digital Twin technology for enhanced battery safety and lifespan. Technology provides up to 95% accuracy in predicting battery failure up to six months ahead and can extend battery lifespan by more than 50%. Project supported by Energy Market Authority and National Research Foundation.
- TES (Total Energy Solutions)coreMoU for collaboration on lithium-ion battery recycling and repurposing. Partnership establishes business alliance to extend battery pack value and lower total cost of ownership through second-life deployment and efficient end-of-life recycling to ensure materials can be reused in battery supply chain.
- Cherdchai Motors Sales Company LimitedcoreJoint venture company formed with Durapower Thailand and Banpu NEXT to establish battery assembly plant in Nakhon Ratchasima Province, Thailand. Plant will assemble battery systems for ESS, marine, passenger cars, 2 and 3 wheelers, and heavy commercial EVs. Plans to expand to 1 GWh by 2026.
- EST-Floattech B.V.coreMOU signed for co-development of battery solutions for marine vessel electrification. The partnership resulted in the Octopus Series maritime battery system with High Energy and High Power configurations, scalable from 100 kWh to 10 MWh. Durapower serves as exclusive distributor in Asia for EST-Floattech's Octopus Series.
- Sunseap Group (Consortium led)majorMoU to explore and develop combined capacity of 7 GWp of solar power systems with multiple Energy Storage Systems totaling more than 12 GWh around Riau Islands. Consortium includes PT Mustika Combol Indah, PT Agung Sedayu, Sumitomo Corporation, Samsung C&T Corporation, and Oriens Asset Management.
- Pozbud and ElmodismajorMOU to establish battery manufacturing plant in Poland to serve European market. Joint venture will incorporate battery, cell, module testing and manufacturing, and system manufacturing capabilities. Planned annual production capacity of up to 2 GWh when fully operational.
Scale indicators11 records
Recent moves9 records
Expansion highlights6 records
Durapower Holdings competitors and assessment
Company assessmentDirect peers
- Microvast: Microvast is a US-listed commercial-vehicle and specialty battery manufacturer producing cells, modules, and packs for buses, trucks, and ESS. Highly comparable to Durapower given its focus on commercial/industrial mobility applications, multi-vertical strategy (EV + stationary), and similar target customer profile of vehicle OEMs and fleet operators.
- Northvolt: Northvolt is a European lithium-ion cell and battery system manufacturer focused on EV, ESS, and industrial applications with gigafactory-scale ambitions in Sweden and Germany. Directly comparable to Durapower's European manufacturing expansion (Poland JV), vertical integration strategy, and emphasis on sustainability/circular-economy positioning.
- FREYR Battery: FREYR Battery is a Norway-headquartered developer of lithium-ion battery cells focused on ESS, commercial mobility, and marine applications. Closely comparable to Durapower's stationary storage and marine segments and its European manufacturing expansion plans.
- EVE Energy: EVE Energy is a Chinese battery manufacturer specializing in primary lithium cells, power batteries for EVs, and ESS applications. Comparable to Durapower's diversified cell/pack business across automotive, ESS, and specialty segments, though at materially larger scale.
- Gotion High-Tech: Gotion is a Chinese battery manufacturer producing LFP and NMC cells for electric vehicles and grid-scale energy storage. Directly comparable to Durapower's commercial-vehicle and stationary ESS focus, with overlap in European expansion ambitions via its German subsidiary.
- Farasis Energy: Farasis Energy is a Chinese battery cell and pack manufacturer supplying automotive and ESS markets, including a Turkish JV with TOGG. Comparable to Durapower given its NMC cell technology focus, automotive tier-one supplier positioning, and JV-based international expansion model.
Broad incumbents
- Samsung SDI: Samsung SDI is a South Korean battery manufacturer producing cells and packs for EVs, ESS, and micro-mobility. Comparable broad incumbent in the lithium-ion cell and ESS markets, with overlapping commercial-vehicle and stationary storage segments.
- SK On: SK On is a South Korean battery manufacturer (subsidiary of SK Group) supplying cells to global automotive OEMs. Comparable as a broad incumbent in the same NMC commercial-vehicle battery market, though at far greater scale and with deeper OEM relationships than Durapower.
- LG Energy Solution: LG Energy Solution is one of the world's largest battery manufacturers, supplying cells to global automotive OEMs and producing ESS products. Broad incumbent competing with Durapower across automotive, ESS, and specialty-vehicle segments, with vastly larger scale and capital resources.
Regional players
- Energy Absolute: Energy Absolute is a Thai renewables and energy storage developer (SET-listed) with battery and EV charging businesses in Southeast Asia. Regional peer with overlapping ESS and ASEAN distribution focus, though structured more as an IPP and storage integrator than a cell manufacturer.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Durapower Holdings social profiles
Digital presenceDurapower Holdings compliance and trust
Trust signalCompliance7 records
Durapower Holdings financial estimates
Financial estimateRevenue estimate
Valuation estimate
Durapower Holdings leadership team
Management profileNumber of profiles
Profiles5 records
Durapower Holdings subsidiaries and ownership
Company hierarchySubsidiaries4 records
Durapower Holdings funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Durapower Holdings M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Durapower Holdings
What does Durapower Holdings do?
Durapower Holdings manufactures and integrates lithium-ion battery cells, modules, and packs for e-mobility, specialty vehicles, marine vessels, and stationary energy storage applications. As a tier-one supplier to global vehicle manufacturers, the company supplies battery systems integrated into electric, hybrid, and plug-in hybrid vehicles, and delivers containerized, rack, and modular energy storage solutions ranging from 2.4 kWh to MWh scale. The portfolio is supported by a cloud-based Digital Twin platform (FXMS) for predictive battery management and a second-life deployment program that repurposes retired EV batteries into stationary storage.
Is Durapower Holdings a public or private company?
Durapower Holdings is a private company. It is classified as corporate owned and is currently operating.
When was Durapower Holdings founded?
Durapower Holdings was founded in 2009. It employs 251 to 500 people.
Where is Durapower Holdings based?
Durapower Holdings is headquartered in Singapore, Singapore, in the Asia region.
How does Durapower Holdings make money?
Three revenue lines are on record. Battery Cell and Pack Manufacturing is the primary driver. The others are technology Licensing and energy Storage Solutions (ESS).
Who are Durapower Holdings's main competitors?
Direct peers on record are Microvast, Northvolt, FREYR Battery, EVE Energy, Gotion High-Tech and Farasis Energy. Broad incumbents are Samsung SDI, SK On and LG Energy Solution. Energy Absolute is listed as a regional player.
Does Durapower Holdings have an API?
No public API is recorded for Durapower Holdings.
What industry is Durapower Holdings in?
Durapower Holdings's product category is Lithium-ion Battery Systems & Energy Storage. Its primary akta.pro industry code is IMAGAHAB, Battery Modules & Packs (Industrial/Commercial pack assembly), with a secondary code of EUAIAIAK, Battery Second-Life, Testing & Repurposing (EV-to-Stationary). Its NAICS code is 33591 and its SIC code is 3600.