Dragonfly Energy Holdings Corp.
North American lithium battery technology company specializing in LiFePO4 battery packs, dry electrode cell manufacturing, and energy storage solutions
- CEO / Founder
- Dr. Denis Phares
- Team Size
- 51-200
- Stage
- Public
- Total Funding
- $250M
- Latest Round
- IPO
- Key Investors
- THOR Industries; Energy Impact Partners; Chardan Capital Markets
Technology & Products
Key Products
Battle Born LiFePO4 battery packs (consumer brand); Private label battery manufacturing for OEMs; Wakespeed advanced alternator charging; Dragonfly Intelligence communication technology; Dry electrode battery cell manufacturing; All-Solid-State Battery (in development)
Technological Advantage
Patented dry powder electrode additive manufacturing process (US10547044B2); chemistry-agnostic platform supporting LiFePO4, NMC, LCO, Sodium-Ion, and Solid-State; vertically integrated from cell manufacturing to battery pack assembly to system integration
Differentiation
Value Proposition
Domestically designed and assembled LiFePO4 battery packs with a proprietary dry electrode manufacturing process that eliminates toxic solvents, reduces factory footprint by 22%, and lowers carbon footprint by 9%
How They Differentiate
Vertically integrated domestic manufacturing with proprietary dry electrode process (no toxic solvents, lower cost, chemistry-agnostic); strong OEM relationships with major RV manufacturers; public company with Nasdaq listing; Battle Born consumer brand recognition
Market & Competition
Target Customers
RV OEMs (Keystone, Airstream, Thor), heavy-duty trucking fleets, marine, off-grid residential, industrial solar, oil & gas, backup power, and military markets
Industry Verticals
Recreational Vehicle (RV); Heavy-Duty Trucking; Marine; Industrial Solar Integration; Oil & Gas; Off-Grid Residential Backup Power; Work Truck; Industrial Equipment
Competitors
RELiON Batteries; Dakota Lithium; Lithionics Battery
Growth & Milestones
Growth Metrics
400,000+ LiFePO4 battery packs sold; $225M+ in revenue since 2021; 179% average annual OEM growth since 2021; TTM revenue $58.6M (FY2025)
Major Milestones
2013: Founded by Denis Phares and Sean Nichols; 2014: First deep cycle LiFePO4 battery to market; 2018: 10,000th battery sold; 2021: Expansion into 100,000 sq. ft. facility; 2022: THOR Industries $15M strategic investment; 2022: Public listing on Nasdaq via SPAC merger with Chardan NexTech Acquisition 2 Corp (ticker DFLI); 2023: Awarded patent for dry electrode manufacturing process; 2024: $30M licensing deal with Stryten Energy for Battle Born brand; 2025: Expanded Airstream partnership; 2026: First Japanese patent allowance for solid-state battery technology
Notable Customers
Airstream (Thor Industries); Keystone RV (Thor Industries); Stevens Transport (heavy-duty trucking); multiple fleets representing ~15% of North American heavy-duty trucking market