Singapore-based lithium-ion battery manufacturer Durapower Holdings has raised $50 million in fresh funding from existing shareholder Banpu NEXT, according to its regulatory filings.
Smart energy solutions provider Banpu NEXT is a unit of Thai energy firm Banpu Public Company Limited. It invested in Durapower through a Mauritius-based subsidiary, BPIN Investment Company Limited, according to Durapower’s filings with Accounting and Corporate Regulatory Authority (ACRA).