Dragonfly Energy

What Dragonfly Energy does

Dragonfly Energy is a Reno, Nevada-based lithium-ion battery technology company that designs, manufactures, and integrates LiFePO4 battery packs, cells, and complete power systems under the Battle Born Batteries brand, plus advanced alternator charging components via its wholly-owned Wakespeed subsidiary. Its core technical asset is a proprietary, patented dry electrode manufacturing process that eliminates toxic NMP solvents, supports multiple chemistries (LFP, PFAS-Free, NMC, LCO, sodium-ion, solid-state), and reduces factory footprint by 22% and energy intensity by 25% relative to conventional wet electrode production. The technology stack is augmented by Dragonfly IntelLigence, a patented wireless mesh battery communication platform, and the company holds roughly 100 granted, filed, or pending patents across the U.S., Europe, and Japan, with recent allowances covering solid-state electrolyte materials.

The company's revenue model is anchored in hardware sales across consumer e-commerce, certified dealer networks, and OEM-embedded integration, supplemented by a $30 million technology licensing agreement with Stryten Energy and private-label manufacturing services. It serves end markets including recreational vehicles, heavy-duty trucking, marine, industrial solar, oil and gas, off-grid residential, work truck, and rail, with verticals like rail enabled by its participation in AREMA's first lithium battery standard. Go-to-market combines sales-led enterprise and OEM relationships, channel partnerships (including National Railway Supply), and direct-to-consumer e-commerce through battlebornbatteries.com. Following a $250 million SPAC listing on Nasdaq in October 2022 (ticker DFLI), the company has scaled to 51-100 employees, generated $58.6 million in 2025 revenue (16% growth), and secured named fleet and OEM customers including Stevens Transport, Werner Enterprises, Airstream, Keystone RV, Forest River, Thor Industries, and World Cat.

Name

Dragonfly Energy

Legal name

Dragonfly Energy Corp.

Website

https://dragonflyenergy.com

Company type

Public

Founded year

2012

Operating status

Operating

Headcount range

51–100 employees

Short description

Dragonfly Energy designs and manufactures LiFePO4 battery packs and dry-electrode battery cells under the Battle Born brand, serving RV, heavy-duty trucking, marine, industrial solar, oil and gas, and rail OEMs and dealers across North America.

Ownership category

akta.pro rank

Product category

Lithium-ion Battery Manufacturing

NAICS

Battery Manufacturing (33591)

SIC

Electronic & Other Electrical Equipment (No Computer Equip) (3600)

akta.pro primary industry

Battery Modules & Packs (Industrial/Commercial pack assembly) (IMAGAHAB)

akta.pro secondary industries

Battery Cells (Li-ion, LFP, Sodium-ion, Lead-acid, NiMH) (IMAGAHAA), Battery Pack Manufacturing & Module Assembly (EUAFABAI), Compliance, EPR & Battery Passport Services (Regulatory Reporting, Traceability, Audits) (EUAFACAJ)

Keywords

• Lithium iron phosphate batteries
• Dry electrode manufacturing
• Battery management systems
• Off-grid power systems
• Energy storage solutions

Headquarters

HQ city

Reno

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Technology or R&D, Personnel, Marketing or Sales, Infrastructure

Revenue model

1. Battery Pack Sales (Battle Born®): Sale of LiFePO4 battery packs under the Battle Born Batteries brand through direct e-commerce, dealers, and OEM integration. Revenue from consumer retail, commercial fleet, and industrial customers. Full-year 2025 revenue of $58.6 million with 16% growth.
2. OEM Power System Integration: Custom-engineered power system solutions designed and integrated for OEM partners including pre-wired power system boxes ready for immediate implementation in production lines, featuring batteries, ancillary components, and pre-wired connections.
3. Private Label Manufacturing: White labeling and private label manufacturing of LiFePO4 battery packs for businesses to serve niche markets, including custom engineering and manufacturing of battery packs under partner brands.
4. Licensing Royalties (Dry Electrode Technology): $30M licensing deal with Stryten Energy for Battle Born Batteries technology in new markets, representing technology licensing revenue for the proprietary dry electrode manufacturing process and related IP.
5. Component Sales (Wakespeed®): Sale of Wakespeed® advanced alternator regulators and DC-DC converters including WS500 and WS500 Pro for intelligent DC charge control in 12V, 24V, and 48V battery systems.
6. Trucking Power Solutions: Sale of specialized trucking products including Battle Born All-Electric APU, DualFlow Power Pack, and Liftgate Power System for heavy-duty trucking idle reduction and electrification.

Go-to-market motion4 records

Distribution channels6 records

Marketing channels7 records

Core offering

Dragonfly Energy manufactures LiFePO4 lithium-ion battery packs under its Battle Born Batteries brand and produces lithium battery cells using a proprietary dry electrode manufacturing process. The company designs and assembles integrated power systems for OEM partners in recreational vehicles, heavy-duty trucking, marine, rail, oil and gas, industrial solar, and off-grid residential markets, while also offering white-label/private-label manufacturing and technology licensing.

Product overview

Dragonfly Energy is a North American lithium battery technology company offering a comprehensive portfolio of products and services centered on its proprietary dry electrode battery cell manufacturing technology. The core product offerings include Battle Born LiFePO4 battery packs (the consumer/OEM brand), Dragonfly IntelLigence battery communication technology, and the Lithium Power Pack Series of all-in-one systems. These are complemented by specialized trucking solutions (All-Electric APU, DualFlow Power Pack, Liftgate Power System), Wakespeed advanced alternator charging components, and solar panels. The company also manufactures lithium battery cells in various chemistries (LFP, NMC, LCO, Sodium-Ion, Solid State) using its proprietary dry electrode process. Services include OEM custom integration and private label manufacturing. Products integrate with Victron Energy systems through Wakespeed technology.

Differentiator

Problem solved

Functional benefit

Brands

• Battle Born Batteries: America's trusted off-grid battery brand offering LiFePO4 battery packs for RVs, heavy-duty trucking, industrial solar, off-grid residential, and marine markets.
• Battle Born
• Dragonfly IntelLigence
• Wakespeed

Products and services

• Battle Born Batteries (LiFePO4 Battery Packs) America's trusted off-grid LiFePO4 battery brand offering comprehensive product line of lightweight, safe, and dependable lithium-ion battery packs for RVs, heavy-duty trucking, industrial solar, off-grid residential, marine, and work truck applications. Features proprietary BMS, premium UL-listed cylindrical cells, and optional internal heating technology.
• Dragonfly IntelLigence Proprietary lithium battery communication technology featuring hybrid balancing, selectable voltage, battery protection, system optimization, error detection and warning signals, and remote monitoring via mobile app with system expandability capabilities. Enables ABYC E-13 compliance for marine applications.
• Battle Born All-Electric APU (Auxiliary Power Unit) All-electric auxiliary power unit for long-haul trucking utilizing LiFePO4 batteries to provide power for HVAC, appliances, and electronics without running the engine. Features pre-assembled pre-wired box design, built-in heater, and flexible charging via dual DC-DC converters. Delivers ROI in under 2 years for trucking fleets.
• Battle Born DualFlow Power Pack Durable energy storage solution for long-haul trucking designed to power hotel loads while parked, reducing idle time and extending starter battery life. Features Wakespeed Charge Control Technology and adjustable brackets for flexible mounting.
• Battle Born Liftgate Power System All-in-one power solution for liftgate applications featuring 54% increase in usable capacity, lightweight design, maintenance-free LiFePO4 power, 100% depth of discharge, fast charging, and self-heating for operations in any climate.
• Lithium Power Pack Series (All-in-One Power Systems) Pre-configured all-in-one lithium-ion battery systems for RVs, vans, mobile operations, off-grid installations, and industrial settings. Pre-wired design minimizes installation complexity with cleaner, quieter operation as a generator alternative.
• Wakespeed Advanced Alternator Charging (WS500 / WS500 Pro / WS48-12X) Advanced alternator regulator and charging solutions including WS500, WS500 Pro, and WS48-12X bi-directional DC-DC converter. Smart DC charge control using current, voltage, and temperature for precise charging of 12V, 24V, and 48V systems with Bluetooth capabilities for wireless programming and monitoring.
• Battle Born Solar Panels First solar panel product line from Battle Born featuring four models ranging from 120W to 375W rigid panels and a 200W portable panel. Features monocrystalline cell architecture achieving up to 23% module efficiency and proprietary ShadeGuard anti-shading technology.
• Lithium Battery Cells (Multiple Chemistries) Advanced dry electrode battery cells manufactured using proprietary PFAS-free, chemistry-agnostic process. Supports multiple chemistries including LFP, PFAS-Free LFP, NMC, LCO, Sodium-Ion, and Nonflammable Solid State for applications in energy storage, electric vehicles, consumer electronics, aerospace, and medical devices.
• Battle Born Power Station Series Industrial-grade portable power systems designed for professional and off-grid applications. Built with North American assembly, offering reliable emissions-free power in harsh environments.
• OEM Power System Solutions Comprehensive custom-engineered power system solutions for OEMs including custom-designed solutions, strategic partnerships with leading component manufacturers, expert technical support, and training programs for seamless system implementation.
• Private Label Manufacturing White labeling and private label opportunities for LiFePO4 battery packs including custom battery pack engineering and manufacturing for businesses to serve niche markets.

Quantifiable outcome

• Reduces factory area requirements by 22% compared to conventional battery manufacturing
• +8 more outcomes

Named customers11 records

Segments8 records

Ideal customer profiles6 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability5 records

Feature5 records

Partnerships

Twelve partnerships are on record, tiered core and flagship.

• Stevens TransportcoreChannel Partner/ Reseller/ Distributor · 20 April 2026Purchase order valued at over $3 million covering full heavy-duty trucking product portfolio for nearly 500 trucks with deliveries throughout 2026. One of the largest single-fleet adoptions of Dragonfly Energy's lithium-based idle reduction systems, contributing meaningful revenue and signaling growing commercial adoption in trucking.
• National Railway Supply LLCcoreChannel Partner/ Reseller/ Distributor · 10 December 2025Distribution partnership marking NRS's first-ever lithium battery line, expanding Battle Born Batteries across North American rail sector. NRS will distribute Dragonfly Energy's LiFePO4 products to nationwide rail customer base for railroad communications and signaling applications. Partnership enabled by AREMA's first lithium battery standard approval with Dragonfly's participation.
• World CatcoreOEM/ Whitelabel/ Licensing Partner · 8 December 2025World Cat, world's largest power catamaran manufacturer, expanded integration of Battle Born Batteries as standard equipment across new marine models including flagship 400DC-X Island. Following successful deployment on earlier models, the 400DC-X integrates 540Ah lithium ship power system with dedicated AC inverter.
• Werner EnterprisescoreChannel Partner/ Reseller/ Distributor · 24 November 2025Werner Enterprises placed first order for Dragonfly Energy's DualFlow Power Pack systems after successful testing, marking significant step in expansion into heavy-duty trucking market. Werner acquired FirstFleet for approximately $282.8 million as part of fleet expansion strategy.
• PACCAR Inc.flagshipStrategic or Co-development Partner · 9 October 2025Collaboration on whitepaper addressing lithium-powered solutions to reduce idling and fuel costs in trucking. Whitepaper supported by real-world fleet trial data and testing at PACCAR Technical Center, highlighting fuel savings, driver safety, and fleet reliability benefits. Findings presented at The Battery Show North America 2025.
• Aqua MetalscoreStrategic or Co-development Partner · 15 July 2024Strategic partnership to build circular supply chain for critical battery minerals supporting clean energy transition. Aqua Metals' proprietary AquaRefining technology addresses sodium sulfate waste in lithium battery recycling, complementing Dragonfly Energy's manufacturing and domestic supply chain strategy within Nevada's Lithium Loop ecosystem.
• Stryten EnergyflagshipOEM/ Whitelabel/ Licensing Partner · 1 July 2024$30M licensing deal for Battle Born Batteries enabling Dragonfly Energy technology in new markets. Stryten showcases Battle Born lithium batteries alongside their own EFB products at AAPEX 2025, combining domestic manufacturing, recycling efforts, and high-performance energy storage solutions for automotive and other sectors.
• IoneercoreStrategic or Co-development Partner · 1 January 2024Strategic partnership and offtake agreement supporting Nevada's Lithium Loop. Ioneer contributes to the lithium supply chain while Dragonfly Energy advances battery manufacturing, creating integrated domestic supply chain from extraction through production.
• VelociticoreChannel Partner/ Reseller/ Distributor · 1 January 2024Integration partner for Instant ROI program offering Dragonfly Energy's All-Electric APU to fleet customers. Velociti researches cutting-edge technologies to give fleet customers competitive edge, embedding Dragonfly solutions within their service offering.
• ConnexacoreChannel Partner/ Reseller/ Distributor · 1 September 2023Partnership for manufacturing and distribution of remote industrial energy systems powered by Dragonfly Energy lithium batteries. Connexa leverages Dragonfly's battery technology for industrial solar power system applications, with shared commitment to quality and innovative products.
• AmerescocoreChannel Partner/ Reseller/ Distributor · 1 January 2023Supply partnership where Ameresco integrates Dragonfly Energy lithium batteries into solar and battery energy storage solutions for commercial and industrial customers, aligning with Ameresco's commitment to best-fit technology for energy reduction and sustainability goals.
• WakespeedcoreOEM/ Whitelabel/ Licensing Partner · 1 May 2022Acquisition of Wakespeed, leader in advanced alternator regulators for RV, marine, and commercial transportation markets. WS500 and WS500 Pro products enable intelligent DC charge control using current, voltage, and temperature data for precise battery charging in 12V, 24V, and 48V systems.

Scale indicators15 records

Recent moves9 records

Expansion highlights6 records

Emerging players

• Microvast: Microvast is an emerging player in lithium-ion battery cells and packs for commercial vehicle, industrial, and energy storage applications. It competes with Dragonfly in commercial transportation electrification and shares the challenge of scaling domestic battery manufacturing against Asian incumbents.
• Hyliion Holdings: Hyliion is an emerging player in heavy-duty trucking electrification and idle-reduction technology, developing the Hypertruck ERX and APU solutions. It competes with Battle Born's All-Electric APU and DualFlow Power Pack in the same trucking fleet customer base.

Direct peers

• Xantrex (Schneider Electric): Xantrex, owned by Schneider Electric, is a direct competitor in power inverters, chargers, and integrated lithium battery systems for RV, marine, and commercial vehicle markets. Its Freedom and XC series products compete with Dragonfly's Lithium Power Pack offerings.
• Renogy: Renogy is a direct competitor offering lithium battery packs, solar panels, and integrated off-grid power systems for RV, marine, and residential off-grid markets. Its product portfolio overlaps substantially with Battle Born Batteries and the new Battle Born solar panel line.
• EcoFlow: EcoFlow is a direct competitor in portable power stations and integrated lithium battery systems for consumer, off-grid, and emergency backup use. The Battle Born Power Station Series launched in late 2025 competes directly with EcoFlow's DELTA and RIVER product families.
• RELiON Battery: RELiON Battery is a direct LiFePO4 battery pack competitor for RV, marine, solar, and off-grid applications. It sells similar deep-cycle lithium products to the same end customers as Battle Born Batteries and competes head-to-head in dealer and OEM channels.
• Victron Energy: Victron Energy is a direct competitor and integration partner in off-grid and mobile power systems. Wakespeed products integrate with Victron systems, and Victron offers competing inverters, chargers, and lithium battery solutions for RV, marine, and industrial solar markets.

Broad incumbents

• EnerSys: EnerSys is a broad industrial battery incumbent spanning lead-acid and lithium solutions for motive power, reserve power, and aerospace/defense. It competes with Dragonfly in industrial solar, oil and gas (Class 1 Div 2), and rail, but at significantly larger scale and a much broader product portfolio.
• Stryten Energy: Stryten Energy is a broad industrial battery incumbent that is also Dragonfly's $30M licensing partner. Stryten competes in automotive, industrial, and military battery markets and offers lithium products that overlap with Dragonfly's Battle Born line, particularly in commercial transportation.
• East Penn Manufacturing: East Penn Manufacturing is a broad incumbent lead-acid battery manufacturer that is transitioning into lithium products through its Deka brand. It competes with Dragonfly in heavy-duty trucking, industrial, and motive power applications from an established distribution and manufacturing base.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/dragonflynrg
• YouTubeyoutube.com/channel/UCvjmlDKPafAcX5P45VzGxjA
• Facebookfacebook.com/dragonflyenergy
• LinkedInlinkedin.com/company/dragonfly-energy-corporation
• Instagraminstagram.com/dragonflyenergy

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries2 records

Funding overview

Funding rounds7 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Dragonfly Energy