Dragonfly Energy Corporation, established in 2012 and headquartered in Reno, Nevada, is a leading North American manufacturer of lithium-ion batteries. The company specializes in developing and producing advanced energy storage solutions, particularly LiFePO4 (Lithium Iron Phosphate) battery systems. Under the brand Battle Born Batteries, Dragonfly Energy serves various sectors, including recreational vehicles, industrial applications, and off-grid residential solutions. As a publicly traded company on NASDAQ (DFLI), Dragonfly Energy combines manufacturing excellence with technological innovation to deliver reliable power solutions while maintaining high environmental standards.
Battery Technology
Dragonfly Energy’s core technological achievement is its patented dry electrode manufacturing process, which sets new standards in battery production efficiency. This chemistry-agnostic process enables the creation of high-performance lithium battery cells while reducing environmental impact compared to traditional manufacturing methods. The company’s flagship product line includes LiFePO4 battery packs, recognized for their exceptional durability and extended lifespan.
The company’s innovation extends to smart battery management through Dragonfly IntelLigence®, a proprietary communication technology that enhances system performance and safety. This technology provides real-time monitoring and data analysis capabilities, essential for optimal battery operation. Additionally, Dragonfly Energy has developed the Wakespeed® Advanced Alternator Charging system, which optimizes charging efficiency in various applications.
Their research and development efforts also include advancing solid-state battery technology, aiming to introduce nonflammable battery cells that offer improved safety and performance characteristics. This initiative represents their commitment to expanding the possibilities of energy storage while maintaining strict safety standards.
Recent Projects
In early 2024, Dragonfly Energy secured a significant agreement with Stevens Transport to convert their fleet of 2,500 trucks to hybrid battery solutions using Battle Born All-Electric APUs. The implementation begins with 100 trucks in Q1 2025. The company also established a strategic partnership with Bruker to enhance battery technology development, utilizing advanced analytical solutions to improve their dry electrode process. Additionally, they expanded their distribution network through a partnership with Keystone Automotive Operations, enabling faster delivery across North America.
Investors
Dragonfly Energy’s investor structure includes significant stakeholders such as Denis Phares, holding 25.40% (1,781,287 shares), and Dynavolt Technology Hk Ltd. with 18.73% (1,313,432 shares). Additional institutional investors include Vanguard Group, Inc. (1.164%), KFG Wealth Management LLC (0.711%), and Millennium Management LLC (0.443%). The company maintains access to a $150 million Chardan Equity Facility, supporting its growth and development initiatives.
Business Details
Location: Reno, Nevada, USA
Website: https://dragonflyenergy.com
LinkedIn: https://www.linkedin.com/company/dragonfly-energy-corporation/
