Tropical Battery Company Limited will turn to the stock market to raise more equity later this year amid plans to continue growing the company. Tropical Battery, which went public in 2020 and is listed on the junior market of the Jamaica Stock.
The trial of four employees accused of defrauding Tropical Battery of $3 million failed to start in the Kingston and St Andrew Parish Court yesterday. The matter was rescheduled to July 18. Christopher Robinson, Jamel Reid, Carl Love, and Hartel.
Tropical Battery’s expected foray into the electric vehicle market through the distribution of ebikes is in limbo as the energy company awaits clarity from the Jamaican government on its tax policy regarding EVs. Tropical Battery had hoped to test.