Dragonfly Energy Holdings Corp. DFLI

Company Overview

Dragonfly Energy Holdings Corp. is a U.S.-based energy storage company focused on lithium-ion battery technologies, battery pack manufacturing, and energy storage systems for recreational vehicles (RVs), marine applications, off-grid systems, industrial equipment, and residential energy storage. The company operates primarily within the advanced battery manufacturing and clean energy sectors, with an emphasis on lithium iron phosphate (LiFePO4) battery chemistry. Dragonfly Energy is publicly traded on Nasdaq under the ticker DFLI following its business combination with Chardan NexTech Acquisition 2 Corp. in 2022.

The company’s primary revenue drivers include the sale of lithium-ion batteries marketed largely under the Battle Born Batteries brand, along with related energy storage products and integrated power solutions. Dragonfly Energy has positioned itself as a vertically integrated battery technology company with a strategic focus on domestic battery manufacturing and solid-state battery research. Originally founded in Nevada in 2012, the company initially focused on replacing lead-acid batteries in RV and mobile applications before expanding into broader energy storage technologies and proprietary battery research initiatives.

Business Operations

Dragonfly Energy generates revenue primarily through the manufacturing and sale of lithium-ion battery packs and energy storage systems. Its operations are centered around battery assembly, battery management systems, and energy storage integration. The company’s flagship operating brand, Battle Born Batteries, serves consumers and OEM customers across RV, marine, trucking, and off-grid energy markets. Dragonfly Energy also develops proprietary battery technologies, including dry electrode processing and solid-state battery initiatives intended to improve energy density, safety, and manufacturing efficiency.

The company’s operations are primarily based in the United States, with manufacturing and corporate activities concentrated in Nevada. While the majority of revenue has historically originated domestically, Dragonfly Energy distributes products internationally through dealers, distributors, and e-commerce channels. The company maintains relationships with OEM manufacturers in the RV and specialty vehicle industries and has pursued collaborations tied to battery technology development and domestic energy storage initiatives. Public filings identify investments in intellectual property, battery management software, and manufacturing capabilities as core operational assets.

Strategic Position & Investments

Dragonfly Energy’s strategic direction centers on expanding U.S.-based lithium battery manufacturing capacity while advancing proprietary solid-state battery technologies. The company has emphasized reducing reliance on foreign battery supply chains and developing next-generation battery chemistries designed for improved safety and scalability. Its public disclosures reference ongoing investment in dry powder coating cell manufacturing processes and solid-state cell development aimed at future commercial applications.

The company has also focused on strengthening OEM relationships and broadening its distribution footprint across transportation, mobile living, and stationary storage sectors. Battle Born Batteries remains a key commercial platform and brand asset within its portfolio. Dragonfly Energy has pursued growth through manufacturing expansion, product diversification, and research and development spending rather than through large-scale acquisitions. Available public filings and investor materials indicate continued investment in domestic production capabilities and intellectual property development tied to emerging energy storage technologies.

Geographic Footprint

Dragonfly Energy is headquartered in Reno, Nevada, where it conducts manufacturing, engineering, testing, and corporate operations. The company’s principal operational footprint is concentrated in the United States, particularly within the RV and mobile energy markets, though its products are distributed more broadly through dealer networks and online sales channels.

The company maintains market exposure across North America and serves customers in international markets through distribution partners. Its operational strategy emphasizes U.S.-based production and supply chain localization, which management has described as a differentiating factor within the broader lithium battery industry. Public disclosures indicate that international operations remain smaller in scale relative to domestic activities, with the company’s strongest commercial presence tied to North American recreational and specialty vehicle sectors.

Leadership & Governance

Dragonfly Energy was co-founded by Denis Phares, who has played a central role in the company’s technology strategy and long-term vision around domestic battery innovation and solid-state energy storage. Leadership communications and public filings emphasize technological innovation, vertical integration, and domestic manufacturing expansion as core strategic priorities.

Key executives include:

• Denis Phares – Chief Executive Officer and Director
• Dr. Sergei F. Pakhomov – Chief Technology Officer
• Leanne Coulter – Chief Financial Officer
• Wade Seaburg – Chief Revenue Officer

The company operates under a publicly traded corporate governance structure with oversight from its board of directors and reporting obligations under SEC filings, including annual reports on Form 10-K and quarterly reports on Form 10-Q. Leadership has consistently emphasized long-term investment in battery research, manufacturing scale-up, and expansion of branded energy storage products across mobile and stationary applications.