Dragonfly Energy, a leading green energy storage company specializing in lithium-ion battery products for the recreational vehicle (RV) and marine industries, has announced a substantial $30 million licensing deal with Stryten Energy. The agreement was detailed by Dragonfly Energy CEO Denis Phares during a recent appearance on Benzinga’s All-Access.
Under the terms of the deal, Stryten Energy, a manufacturer employing over 2,500 individuals across 10 manufacturing plants, will receive a license to market and distribute Dragonfly Energy’s Battle Born Batteries on a global scale. This strategic partnership is poised to significantly enhance the availability and distribution of Dragonfly's innovative green energy solutions.
Dragonfly Energy’s Battle Born Batteries have gained widespread popularity in both the RV and marine sectors, known for their reliability and efficiency. The expansion through Stryten Energy's extensive manufacturing and distribution network is expected to boost the accessibility of these sustainable energy storage solutions, catering to a growing demand for eco-friendly technologies.
The collaboration with Stryten Energy not only signifies a major financial milestone for Dragonfly Energy but also underscores the increasing importance and adoption of green energy solutions in various industries. As the global market for sustainable and renewable energy continues to expand, this deal positions Dragonfly Energy as a key player in the sector.
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