EXCLUSIVE: Dragonfly Energy Secures $30M Deal With Stryten Energy For Battery Expansion
Portfolio Pulse from Anusuya Lahiri
Dragonfly Energy Holdings Corp (NASDAQ:DFLI) has entered a $30 million strategic partnership with Stryten Energy to license and distribute its Battle Born Batteries brand globally. The deal includes an upfront payment of $5 million and subsequent royalty payments. The partnership aims to expand Dragonfly's market presence into new B2B sectors.
July 30, 2024 | 11:30 am
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Dragonfly Energy Holdings Corp (NASDAQ:DFLI) has secured a $30 million deal with Stryten Energy to license and distribute its Battle Born Batteries brand globally. The partnership includes an upfront payment of $5 million and subsequent royalty payments, potentially expanding Dragonfly's market presence into new B2B sectors.
The $30 million deal with Stryten Energy is significant for Dragonfly Energy as it provides immediate revenue through an upfront payment and potential future royalties. The partnership also opens up new B2B markets, which could drive further growth. The market has reacted positively, with DFLI shares up 10% premarket.
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