Electrical engineering firm Busways goes into EV charging – and gears up for IPO

ONCE focused on electrifying buildings, engineering company Busways now charges vehicles too – and is preparing for an initial public offering (IPO).

The electrical and mechanical engineering provider has diversified into electric vehicle (EV) charging solutions in line with Singapore’s push for greener transport.

“There is a need for the company to stay competitive, as we see a growing demand for electric vehicles and charging infrastructure in Singapore,” founder and chairman Sunny Chong told The Business Times.