Durapower Holdings

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.

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

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

• Lithium-ion battery systems
• Electric vehicle batteries
• Energy storage solutions
• Marine battery systems
• Battery cell manufacturing

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices6 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Technology or R&D, Personnel, Infrastructure, Marketing or Sales

Revenue model

1. 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.
2. 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.
3. 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

Core 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

Named customers6 records

Segments5 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability5 records

Feature5 records

Partnerships

Seven partnerships are on record, tiered minor, core and major.

• VDL SteelweldminorChannel Partner/ Reseller/ Distributor · 11 September 2024Supply 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)coreTechnology or Integration · 8 November 2023Joint 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)coreStrategic or Co-development Partner · 8 March 2023MoU 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 LimitedcoreStrategic or Co-development Partner · 21 July 2022Joint 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.coreStrategic or Co-development Partner · 6 April 2022MOU 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)majorStrategic or Co-development Partner · 27 October 2021MoU 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 ElmodismajorStrategic or Co-development Partner · 22 September 2021MOU 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

Direct 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

• LinkedInlinkedin.com/company/banpu-next-company-limited

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Durapower Holdings