Durapower announces strategic leadership transition to accelerate next phase of global growth

A new era of leadership as Alok Verma becomes Group CEO, bringing international energy expertise to drive future innovation and worldwide reach.

SINGAPORE, Sept. 2, 2025 /PRNewswire/ -- Singaporean lithium-ion battery cell and pack manufacturer, Durapower Holdings Private Limited ("Durapower"), together with its subsidiaries ("the Group"), today officially announced key leadership changes as part of its strategy to propel the company's next phase of innovation, growth, and expansion. Mr Alok Verma has been appointed Group Chief Executive Officer, Mr James Rama Phataminviphas has been appointed Executive Chairman after serving as Chairman of the Board since 2024, and Mr Kelvin Lim, who served as Group CEO for over a decade, has been promoted to Group President.

This transition underscores Durapower's strategic succession planning, ensuring leadership continuity while bringing fresh perspectives to meet the fast-growing global demand for e-mobility, stationary energy storage, and renewable energy solutions. Building on more than 15 years at the forefront of automotive, battery, and clean energy innovation, and fuelled by advanced research and development and global intellectual property licensing, Durapower, as a vertically integrated battery manufacturer, delivers state‑of‑the‑art lithium‑based energy storage systems worldwide. Its technologies have powered vehicles over one billion electric kilometres while maintaining exemplary safety standards. Supported by a 500‑strong team spanning China, Singapore, and Europe, Durapower continues to achieve rapid revenue growth and maintains a strong presence in 25 countries and more than 70 cities.

Mr Verma brings over 20 years of operational leadership, commercial strategy, and international business experience across the energy, manufacturing, and technology sectors. Most recently, as Global Vice President, Energy Storage & Strategy at BanpuNEXT, he developed a 1.5 GW battery energy storage strategy, led major acquisitions in Australia, and oversaw large-scale Battery Energy Storage System deployment in Japan. His previous roles include senior leadership positions at Jinko Solar Australia, where he expanded the utility-scale solar and storage business, and at Honeywell International, where he launched renewable energy product lines and executed multimillion-dollar projects across the Asia Pacific and Europe. Mr Verma also serves as a board director on various boards in the renewable energy sector.

With an MBA in Strategy & Finance from the Indian Institute of Management, Bangalore and a Chemical Engineering degree from the Indian Institute of Technology, Delhi, together with advanced executive programmes at INSEAD and Monash University, Mr Verma combines deep technical and management expertise with proven strategic vision.

As Executive Chairman, Mr Phataminviphas continues to lead the board and play an active role in shaping the company's long-term strategic direction, strengthening key stakeholder relationships, and driving partnership development.

Mr James Rama Phataminviphas, Executive Chairman of Durapower, said: "Alok is a proven leader with deep expertise in energy storage and is skilled at uniting teams around a bold vision. Under his guidance, we are confident Durapower will deliver breakthrough innovation, expand our global reach, and continue to bring value to our customers, partners, and communities. The world's shift to sustainable mobility and energy storage is accelerating and Durapower is uniquely positioned, thanks to its technology, talent, and reputation, to play a defining role in this transformation. I look forward to working closely with Alok and our leadership team to realise Durapower's mission and set new industry benchmarks."

Mr Alok Verma, Group CEO of Durapower, said: "I am honoured to join Durapower and to work closely with James and the Board. Durapower is well positioned to lead the global shift towards sustainable energy. My immediate focus will be on operational excellence, technological innovation, and building strong, collaborative relationships with our customers, partners, and communities. Together with our talented management team, we will drive Durapower's growth and deliver safer, smarter, and more dependable solutions that raise industry standards and meet the evolving needs of our customers. We will continue to build on the company's strong foundation and create value for all stakeholders."

As Group President, Mr Kelvin Lim will focus on deepening customer and partner relationships, forging new alliances, and supporting strategic market development. Over his tenure as Group CEO, Mr Lim transformed Durapower from a single-market start-up into a globally recognised brand, with its battery solutions deployed in over 25 countries across a range of different market verticals.

Durapower's strengthened leadership team reaffirms its longstanding dedication to quality, safety, and sustainability, reinforcing its role as a trusted partner in powering transport, infrastructure, and communities worldwide.

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About Durapower Group             (www.durapowergroup.com)

Headquartered in Singapore, Durapower offers closed-loop, end-to-end energy storage solutions for electric mobility and renewable energy applications including on- and off-road Electric, Hybrid and Plug-in Hybrid Electric Vehicles, electric marine vessel and stationary energy storage solutions. Since 2009, Durapower has been a leading innovator of Lithium-Ion cell technology, focusing on the research and development of battery materials, battery cell manufacturing and system integration.

With a global presence spanning 25 countries and 70 cities, including European countries, China, India and Southeast Asia, Durapower strives to make scalable, sustainable batteries that support the circular economy, empowering lives and transforming the future towards a carbon neutral economy. Durapower does not manufacture, sell or distribute batteries intended for use in relation to household or consumer electronics.

SOURCE Durapower Group