Nex Point Public Company Limited (SET: NEX), Thailand’s leading comprehensive electric vehicle service provider, today announced the successful completion of a 3.327 billion baht capital raise that positions the company to accelerate the country’s transition to commercial electric transportation.
The capital injection increases NEX’s paid-up registered capital to approximately 5.989 billion baht and elevates Energy Absolute Public Company Limited (SET: EA) to majority shareholder status, expanding EA’s stake from 49.99% to 77.77%. This strengthened partnership creates a more integrated approach to Thailand’s electric vehicle ecosystem development.
“This is a pivotal moment that will enhance our operational efficiency and competitive positioning,” said Vasu Klomkliang, Chairman of NEX and Chief Financial Officer of EA. “The deeper partnership gives EA a complete EV ecosystem while providing NEX with the resources needed for aggressive expansion.”
Capital Deployment Strategy
The raised funds will be strategically allocated to:
- Settle outstanding trade payables
- Strengthen working capital for accelerated business expansion
- Support continuous growth in green logistics projects
- Enhance technology development for sustainable transportation solutions
Market Leadership Position
NEX has established itself as Thailand’s premier one-stop electric vehicle service provider, offering:
- Electric commercial vehicles: buses, trucks, and prime movers
- Charging infrastructure: comprehensive station network
- After-sales support: maintenance and service capabilities
The company primarily serves logistics operators, government agencies, mass transit organizations, and commercial enterprises seeking clean energy transitions. Customers benefit from enhanced tax incentives, including expense deductions up to double the standard rate.
Vision for Thailand’s EV Future
“We thank our shareholders for their continued confidence in our mission,” said Thanapat Suksuthamwong, Co-Chief Executive Officer of NEX. “This capital raise enables us to drive Thailand’s commercial transportation sector toward electric adoption while developing future-ready technologies and services.”
NEX’s expanded financial foundation supports its ambition to become the definitive Total Green Logistics Solution provider, aligning with Thailand’s broader sustainability goals and the global shift toward clean transportation.
