Globally
Energy Generation & Storage Solutions


About Us
From a modest local lead-acid battery manufacturer in 1950 to an international enterprise in sustainable energy generation and storage.

Who We Are
Founded in 1950, Tropical brings over 75 years of expertise in energy storage across the Caribbean and beyond. We deliver sustainable energy and automotive solutions, now expanding into electric mobility to drive the future of clean transportation, including in the U.S.

Our Vision
To be a global leader in safe, high-quality, and sustainable energy storage, powering the shift to renewables and electric mobility through innovation, education, and environmental stewardship.

Our Mission
To relentlessly pursue advancements in energy technology, to protect our planet and people through sustainable practices and to deliver mission-critical and lifesaving energy solutions.
INDUSTRIES
WE POWER

Internet of Things (IoT)
With 250,000+ units deployed, we power IoT devices with ultra-reliable batteries -enabling smart cities, industrial systems, and remote monitoring worldwide.

Internet of Things (IoT)
With 250,000+ units deployed, we power IoT devices with ultra-reliable batteries -enabling smart cities, industrial systems, and remote monitoring worldwide.

Drones & Robotics
Powering aerial, ground, and sub-surface systems, Rose Batteries delivers precision energy solutions for robotics and drones with unmatched endurance and reliability.

Smart Grid
Our energy storage solutions enhance grid resilience, support renewables, and ensure real-time, reliable power - even under extreme environmental stress.

Medical Class I & II
We provide dependable, long-life battery solutions for Class I & II medical devices - ensuring safe, uninterrupted care from hospitals to home use.

Military
Trusted by defense agencies globally, our batteries are built for resilience and performance in tactical operations and extreme environments.

Oceanographic
From sensors to marine vehicles, our rugged battery systems perform in the harshest ocean conditions—supporting vital research, exploration, and data collection.

UPS
Our batteries deliver backup power to critical systems, from satellites to emergency aviation—ensuring seamless operation when the grid goes down.

Intrinsic Safety
Designed for hazardous environments, our batteries meet strict safety standards—delivering ignition-proof power for oil, gas, mining, and chemical industries.

Iridium Device
We provide high-performance batteries for Iridium satellite systems—ensuring secure, global communications in the world’s most remote regions.

LoRA Technology
We power LoRa, BLE, and mesh networks with compact, durable batteries—enabling low-power, long-range connectivity in even the most remote areas.

Rail
We provide long-lasting, high-performance batteries for braking, signaling, and rail infrastructure—keeping transit systems efficient, safe, and running smoothly.

Emergency Response
Rose Batteries powers mission-critical gear for first responders - keeping communication, medical, and lighting equipment ready when it matters most.

Internet of Things (IoT)
With 250,000+ units deployed, we power IoT devices with ultra-reliable batteries -enabling smart cities, industrial systems, and remote monitoring worldwide.

Drones & Robotics
Powering aerial, ground, and sub-surface systems, Rose Batteries delivers precision energy solutions for robotics and drones with unmatched endurance and reliability.

Smart Grid
Our energy storage solutions enhance grid resilience, support renewables, and ensure real-time, reliable power - even under extreme environmental stress.

Medical Class I & II
We provide dependable, long-life battery solutions for Class I & II medical devices - ensuring safe, uninterrupted care from hospitals to home use.

Military
Trusted by defense agencies globally, our batteries are built for resilience and performance in tactical operations and extreme environments.

Oceanographic
From sensors to marine vehicles, our rugged battery systems perform in the harshest ocean conditions—supporting vital research, exploration, and data collection.

UPS
Our batteries deliver backup power to critical systems, from satellites to emergency aviation—ensuring seamless operation when the grid goes down.

Intrinsic Safety
Designed for hazardous environments, our batteries meet strict safety standards—delivering ignition-proof power for oil, gas, mining, and chemical industries.

Iridium Device
We provide high-performance batteries for Iridium satellite systems—ensuring secure, global communications in the world’s most remote regions.

LoRA Technology
We power LoRa, BLE, and mesh networks with compact, durable batteries—enabling low-power, long-range connectivity in even the most remote areas.

Rail
We provide long-lasting, high-performance batteries for braking, signaling, and rail infrastructure—keeping transit systems efficient, safe, and running smoothly.

Emergency Response
Rose Batteries powers mission-critical gear for first responders - keeping communication, medical, and lighting equipment ready when it matters most.
Here’s why you should
Invest in tropical battery
MEET THE VISIONARIES
OF
TROPICAL BATTERIES
MEET THE VISIONARIES OF TROPICAL BATTERIES
Bringing together the brightest minds from across our subsidiaries, our leadership team is dedicated to innovation, sustainability, and driving our vision forward for a brighter energy future.







BOARD
OF
DIRECTORS







OUR HISTORY, PRESENT
&
FUTURE OUTLOOK
From a humble, and local lead acid battery manufacturer in 1950, to an
international, sustainable energy generation and storage enterprise.
1950
A 74-year old Legacy in the Making
Founding of Tropical Battery
Tropical Battery Co. Ltd. was founded in 1950 by Tex Williams, an American businessman in Kingston, Jamaica. In its humble beginnings, Tropical Battery started as a local manufacturer of lead acid storage batteries.
1967
Acquisition of Tropical by the Melville Family
Acquired by John Melville in 1967, the company quickly evolved under the Melville family’s guidance, shifting its focus from manufacturing to distribution in the 1990s. This strategic pivot allowed Tropical Battery to expand its offerings and establish itself as a critical player in the Caribbean energy storage market.
2020
Listing on the Junior Jamaican Stock Exchange
In September 2020, Tropical Battery made a historic transition from a family-owned business to a publicly traded company by listing on the Junior Market of the Jamaica Stock Exchange (JSE). This pivotal moment provided the company with greater access to capital, fueling its expansion into new markets and technologies. The listing marked a new era of growth and innovation for Tropical Battery, reinforcing its commitment to becoming a regional leader in energy solutions while maintaining its legacy of excellence.
2023
Acquisition of Kaya Energy Group
This strategic acquisition not only allowed Tropical Battery to enter a market five times larger than Jamaica but also helped diversify its product lines. By expanding into renewable energy, Tropical Battery is strengthening its commitment to clean energy adoption and geographic growth across the Caribbean.
FY Q2 2024
Integrating Mission-Critical Energy Storage
Acquisition of Rose Batteries
In early 2024, Tropical Battery acquired Rose Batteries, a Silicon Valley-based leader in mission-critical energy storage solutions. Specializing in custom battery packs for industries such as aerospace, defense, medical devices, and industrial automation, this acquisition gave Tropical Battery a strong foothold in the U.S. market. It also aligned the company with Silicon Valley’s cutting-edge technology ecosystem.
FY Q1 2025
A New Era of Financial Leadership
Movement to the Main Jamaican Stock Exchange
Tropical is raising capital through a secondary invitation which will play a pivotal role in its future expansion into the US market. Since its initial listing in 2020, Tropical Battery has achieved significant milestones:
- Geographically diversifying its operations, and revenue from Jamaica into the United States, and the Dominican Republic.
- Strategically diversifying its product portfolio.
- More than tripling its revenue from $1.8 billion in 2020 to $5.7 billion (JMD) by 2024.
- Consistently paying 30%-50% of its profit to shareholders.
This transition is more than a change in listing status; it is a powerful endorsement of Tropical Battery’s financial stability, growth trajectory, and strategic direction.
1950
A 74-year old Legacy in the Making
Founding of Tropical Battery
Tropical Battery Co. Ltd. was founded in 1950 by Tex Williams, an American businessman in Kingston, Jamaica. In its humble beginnings, Tropical Battery started as a local manufacturer of lead acid storage batteries.
1967
Acquisition of Tropical by the Melville Family
Acquired by John Melville in 1967, the company quickly evolved under the Melville family’s guidance, shifting its focus from manufacturing to distribution in the 1990s. This strategic pivot allowed Tropical Battery to expand its offerings and establish itself as a critical player in the Caribbean energy storage market.
2020
Listing on the Junior Jamaican Stock Exchange
In September 2020, Tropical Battery made a historic transition from a family-owned business to a publicly traded company by listing on the Junior Market of the Jamaica Stock Exchange (JSE). This pivotal moment provided the company with greater access to capital, fueling its expansion into new markets and technologies. The listing marked a new era of growth and innovation for Tropical Battery, reinforcing its commitment to becoming a regional leader in energy solutions while maintaining its legacy of excellence.
2023
Acquisition of Kaya Energy Group
This strategic acquisition not only allowed Tropical Battery to enter a market five times larger than Jamaica but also helped diversify its product lines. By expanding into renewable energy, Tropical Battery is strengthening its commitment to clean energy adoption and geographic growth across the Caribbean.
FY Q2 2024
Integrating Mission-Critical Energy Storage
Acquisition of Rose Batteries
In early 2024, Tropical Battery acquired Rose Batteries, a Silicon Valley-based leader in mission-critical energy storage solutions. Specializing in custom battery packs for industries such as aerospace, defense, medical devices, and industrial automation, this acquisition gave Tropical Battery a strong foothold in the U.S. market. It also aligned the company with Silicon Valley’s cutting-edge technology ecosystem.
FY Q1 2025
A New Era of Financial Leadership
Movement to the Main Jamaican Stock Exchange
Tropical is raising capital through a secondary invitation which will play a pivotal role in its future expansion into the US market. Since its initial listing in 2020, Tropical Battery has achieved significant milestones:
- Geographically diversifying its operations, and revenue from Jamaica into the United States, and the Dominican Republic.
- Strategically diversifying its product portfolio.
- More than tripling its revenue from $1.8 billion in 2020 to $5.7 billion (JMD) by 2024.
- Consistently paying 30%-50% of its profit to shareholders.
This transition is more than a change in listing status; it is a powerful endorsement of Tropical Battery’s financial stability, growth trajectory, and strategic direction.
Offer
Details
Investing in preference shares involves risk. The Prospectus contains information you should know before investing, including information about risks. Applicants should read the Prospectus, including the risk disclosures set forth in the Prospectus and consult your broker or other investment professionals before making an investment decision.
Opening Date:
May 22, 2025
Closing Date:
June 6, 2025
Share Allotment
954,545,455
Ordinary Shares
JMD$1.87
Per Share
Reserved Share Applicants
267,379,679
Ordinary Shares
JMD$1.87
Per Share
ABOUT THE
COMPANIES
Introduction
Introduction
Introduction
Founded in 1963, Rose Batteries is a leading battery design and manufacturing company based in Silicon Valley, with high-volume manufacturing capabilities in Mexico. With over 60 years of experience, we specialize in providing mission-critical battery solutions, covering all major battery chemistries, from Lithium-Iron to Sealed Lead.
DOWNLOAD
OUR
PROSPECTUS
The Tropical Battery Secondary Public Offering Prospectus provides in-depth insights into our business strategy, financial outlook, and expansion plans. With clear details about the offering, the prospectus equips you with the knowledge to make informed investment decisions.
Financial
Overview
Financial Snapshot 2023 vs 2024 (JMD)

YOY Increase
143.6%

YOY Increase
172.6%

YOY Increase
272.8%

YOY Increase
212.5%


YOY Increase
143.6%

YOY Increase
172.6%

YOY Increase
272.8%

YOY Increase
212.5%


YOY Increase
143.6%

YOY Increase
172.6%

YOY Increase
272.8%

YOY Increase
212.5%


YOY Increase
212.5%

YOY Increase
212.5%

YOY Increase
212.5%

YOY Increase
212.5%
COMPANIES
Bringing together the brightest minds from across our subsidiaries, our leadership
team is dedicated to innovation, sustainability, and driving our vision forward for
a brighter energy future.
COMPANIES
Bringing together the brightest minds from across our subsidiaries, our leadership
team is dedicated to innovation, sustainability, and driving our vision forward for
a brighter energy future.
*Adjusted for non-recurring acquisition related costs
Financial Snapshot 2020 to 2024 (JMD)
*Adjusted for non-recurring acquisition related costs
A WORD FROM
BUSINESS LEADERS

Paul B. Scott
Chairman, CEO, and the principal shareholder of the Musson Group
Tropical Battery has been an excellent supplier to our group for decades. It is very exciting and inspiring to see a Jamaican company take their passion for excellent customer service that has served them well domestically to a new market. I have no doubt their commitment to excellence will only make them even more successful as they expand their footprint and continue to build a strong, reputable brand on the international stage.

Jeffrey Hall
CD, BA, MPP, JP, the Vice Chairman and CEO of Pan Jamaica Group
Tropical Battery has proven itself to be a dynamic force in the energy storage industry.Their ability to innovate, coupled with strategic expansions into key markets like the U.S. and the Caribbean, positions them as a leader in sustainable energy solutions. This company is setting new benchmarks for growth and adaptability in a rapidly evolving industry

Paul B. Scott
Chairman, CEO, and the principal shareholder of the Musson Group
Tropical Battery has been an excellent supplier to our group for decades. It is very exciting and inspiring to see a Jamaican company take their passion for excellent customer service that has served them well domestically to a new market. I have no doubt their commitment to excellence will only make them even more successful as they expand their footprint and continue to build a strong, reputable brand on the international stage.

Jeffrey Hall
CD, BA, MPP, JP, the Vice Chairman and CEO of Pan Jamaica Group
Tropical Battery has proven itself to be a dynamic force in the energy storage industry.Their ability to innovate, coupled with strategic expansions into key markets like the U.S. and the Caribbean, positions them as a leader in sustainable energy solutions. This company is setting new benchmarks for growth and adaptability in a rapidly evolving industry

Paul B. Scott
Chairman, CEO, and the principal shareholder of the Musson Group
Tropical Battery has been an excellent supplier to our group for decades. It is very exciting and inspiring to see a Jamaican company take their passion for excellent customer service, which has served them well domestically, into a new market. I have no doubt that their commitment to excellence will only make them even more successful as they expand

Jeffrey Hall
CD, BA, MPP, JP, the Vice Chairman and CEO of Pan Jamaica Group
Tropical Battery has proven itself to be a dynamic force in the energy storage industry.Their ability to innovate, coupled with strategic expansions into key markets like the U.S. and the Caribbean, positions them as a leader in sustainable energy solutions. This company is setting new benchmarks for growth and adaptability in a rapidly evolving industry

Paul B. Scott
Chairman, CEO, and the principal shareholder of the Musson Group
Tropical Battery has been an excellent supplier to our group for decades. It is very exciting and inspiring to see a Jamaican company take their passion for excellent customer service, which has served them well domestically, into a new market. I have no doubt that their commitment to excellence will only make them even more successful as they expand

Jeffrey Hall
CD, BA, MPP, JP, the Vice Chairman and CEO of Pan Jamaica Group
Tropical Battery has proven itself to be a dynamic force in the energy storage industry.Their ability to innovate, coupled with strategic expansions into key markets like the U.S. and the Caribbean, positions them as a leader in sustainable energy solutions. This company is setting new benchmarks for growth and adaptability in a rapidly evolving industry
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