Dragonfly is a battery technology company and leading supplier of non-toxic deep cycle lithium-ion batteries, displacing lead-acid batteries across a wide range of end-markets, including RVs, marine vessels, off-grid installations, and other storage applications.In 2021, Dragonfly generated $78 million of revenue at a 119% 3-year CAGR and $9 million of Adj. EBITDA with 17 quarters of profitability.Transaction generated committed capital of ~$250 million in gross proceeds consisting of (i) $25 million in equity, including the private strategic investment from THOR Industries (NYSE: THO) that closed in July 2022, (ii) $75 million senior secured term loan facility led by Energy Impact Partners (used in part to refinance $45 million of existing indebtedness…
Dragonfly Energy Corp., a Leading Energy Storage Company, Completes Business Combination with … | News
