Dragonfly Energy Stock Soars 78% on Nevada Tech Hub Funding
The non-dilutive capital is aimed at advancing the company's battery manufacturing capabilities and bolstering its position in the U.S. supply chain.
Shares of Dragonfly Energy (NASDAQ: DFLI) skyrocketed over 78% in recent trading after the company announced it was , a federally designated program aimed at strengthening the domestic lithium battery supply chain.
The Reno-based company is set to receive approximately $300,000 in non-dilutive capital. The investment is earmarked for significant operational upgrades, including modernizing its manufacturing systems and achieving ISO 9001 certification. These enhancements are projected to generate substantial efficiencies, with the company anticipating as a direct result. A portion of the funds will also be dedicated to workforce development in partnership with local educational institutions.
Dr. Denis Phares, CEO of Dragonfly Energy, noted the funding's strategic importance. "This investment is not just a win for Dragonfly Energy; it's a crucial step forward for Nevada's role as a leader in the global lithium battery ecosystem," Phares stated, highlighting the dual impact on the company's growth and the state's technological standing.
The funding announcement provides a significant boost to the positive momentum Dragonfly Energy has built recently. The news follows a strong second quarter for 2025, in which the company to $16.2 million. This growth has been supported by expanding OEM partnerships, including new agreements to standardize its Battle Born Batteries in Airstream's 2026 motorized lines and Ember Recreational Vehicles' Overland Series travel trailers.
This convergence of strategic, non-dilutive funding, improving financials, and expanding market penetration reinforces Dragonfly Energy's competitive position. For investors, the stock's dramatic response reflects growing confidence in the company's ability to scale its operations and capture a larger share of the burgeoning U.S. clean energy market.