VPower Group, which completed a $208 million initial public offering in Hong Kong last month, plans to invest heavily in a relatively untapped market where it sees huge potential for businesses.
The company manufactures small-scale generators, but is now going beyond that, offering large banks of its generators as a temporary power station providing electricity in spots that lack a connection to a centralised power network.
“At the moment, all of the world’s temporary power suppliers together produce only about 10% of the demand globally,” Rorce Au Yeung, co-chief executive officer of VPower, told FinanceAsia in an exclusive interview. “This market segment is underpenetrated...
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