Dragonfly Energy announced a $3 million order from Stevens Transport covering nearly 500 trucks, delivering the full heavy‑duty product portfolio throughout 2026. The deal builds on a December 19 2024 partnership that committed Stevens to transition its 2,500‑truck fleet to Dragonfly solutions.
The order includes the Battle Born® DualFlow Power Pack (12 V and 24 V) and other components of Dragonfly’s hybrid electrification platform, which eliminates engine idling and cuts fuel and maintenance costs. Stevens Transport, a leading refrigerated transportation company with a fleet of roughly 1,850 power units and about 2,500 trucks, is expanding its adoption of Dragonfly’s technology across a significant portion of its fleet.
Dragonfly’s Q1 2026 guidance projected revenue of $9.5 million and an adjusted EBITDA loss of $4.6 million, with a target of positive EBITDA as annual revenue approaches $70 million. The Stevens order is expected to contribute meaningful revenue in 2026, reinforcing the company’s strategy to shift from consumer sales to high‑margin OEM partnerships and accelerating its path to profitability.
Chief Commercial Officer Wade Seaburg said the partnership “has been built through close collaboration across our commercial, engineering, and product teams, and the deployment across nearly 500 trucks demonstrates the scalability of our platform.” CEO Denis Phares noted that the order “shows growing confidence in lithium‑based hybrid electrification solutions across the trucking industry.”
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