Company Overview

Dragonfly Energy Holdings Corp. is a U.S.-based energy storage company that designs, manufactures, and supplies lithium-ion battery solutions primarily for recreational, residential, and industrial applications. The company operates within the energy storage, lithium-ion battery manufacturing, and renewable power systems industries, serving customers that require mobile, off-grid, and backup power solutions. Its core revenue is driven by the sale of lithium-based batteries and integrated power systems used in recreational vehicles, marine vessels, and off-grid residential installations.

The company is best known for its Battle Born Batteries brand, which positions Dragonfly Energy as a domestic manufacturer emphasizing safety, longevity, and U.S.-based assembly. Founded in 2012, the business initially focused on lithium battery innovation for mobile applications and expanded rapidly alongside growing demand for electrification and energy independence. Dragonfly Energy became publicly listed in 2022 following a merger with a special purpose acquisition company, marking a transition to broader capital market participation and expanded growth ambitions.

Business Operations

Dragonfly Energy generates revenue through the design, assembly, and sale of lithium-ion batteries and energy storage systems, with operations organized around lithium battery products and power management technologies. Its primary offerings include lithium iron phosphate (LiFePO4) batteries, battery management systems, and complete energy storage solutions sold to original equipment manufacturers (OEMs), dealers, and end users across recreational vehicle, marine, and off-grid residential markets.

The company conducts manufacturing and assembly operations in the United States and maintains supply relationships for battery cells and electronic components. A key operational asset includes its ownership of Battle Born Batteries, which functions as a core consumer-facing and OEM-focused subsidiary. Dragonfly Energy also controls Wakespeed, an acquired marine power electronics company that provides advanced alternator and power management technology, strengthening vertical integration within marine and mobile power systems.

Strategic Position & Investments

Dragonfly Energy’s strategy centers on expanding domestic battery manufacturing capabilities, deepening penetration with OEM partners, and advancing proprietary battery technologies. Growth initiatives include increased automation, expanded production capacity, and research into next-generation battery chemistries and solid-state battery concepts, although commercialization timelines for emerging technologies remain uncertain based on available public disclosures.

The acquisition of Wakespeed represents a strategic investment in complementary power management technology, enabling the company to offer more integrated energy solutions. Dragonfly Energy has also emphasized investment in intellectual property development and U.S.-based manufacturing as a differentiator in an industry with significant foreign competition, particularly from Asian battery producers.

Geographic Footprint

Dragonfly Energy is headquartered in Reno, Nevada, where it maintains corporate offices and battery assembly operations. Its primary market presence is concentrated in North America, with the United States representing the majority of revenue due to strong demand from RV manufacturers, marine customers, and off-grid residential users.

While the company’s operational footprint is predominantly domestic, its products are distributed internationally through select dealers and OEM relationships. International exposure remains limited compared to global battery manufacturers, but Dragonfly Energy maintains strategic relevance in global supply chains through component sourcing and technology partnerships.

Leadership & Governance

Dragonfly Energy was founded by Denis Phares, who continues to play a central role in shaping the company’s strategic direction. Leadership emphasizes domestic manufacturing, vertical integration, and technology differentiation as core pillars of long-term value creation. Governance and executive oversight align with public company reporting standards following its public listing.

Key executives include:

• Denis Phares – Chief Executive Officer
• Wade Seaburg – Chief Financial Officer
• Matt White – Chief Operating Officer
• Scott Miller – Chief Technology Officer

The leadership team’s strategic vision focuses on scaling U.S.-based lithium battery production, expanding OEM relationships, and investing in advanced battery technologies to address evolving energy storage demands.