Velociti and Dragonfly Energy Deliver an Immediate Return on Investment with Lithium Power Systems

Innovative Instant ROI program allows fleets to achieve substantial and immediate savings from the deployment of Battle Born All-Electric Auxiliary Power Unit (APU)

NEW ORLEANS, March 04, 2024 (GLOBE NEWSWIRE) -- Velociti Inc., a global provider of technology deployment, maintenance and integration solutions, and Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) (“Dragonfly Energy” or the “Company”), maker of Battle Born Batteries and an industry leader in energy storage, today announced at American Trucking Associations Technology Maintenance Council’s Annual Meeting & Transportation Technology Exhibition, a partnership to provide Dragonfly Energy customers with access to the Velociti Instant ROI (Return on Investment) and VeloCare programs.

Successfully used by fleets for a variety of technologies and solutions, the Instant ROI program allows fleets to advance the use of their savings to pay for the technology, installation, and support services for the life of the solution.

"We created our Instant ROI program many years ago to bridge the gap between the technology our fleet customers desired and their ability to implement it due to hurdles like upfront investment and integration challenges," said Deryk Powell, president of Velociti. "We're constantly researching cutting-edge technologies we believe will give our fleet customers a competitive edge in challenging economic and regulatory conditions. When a solution like Dragonfly Energy's All-Electric APU emerges, we're thrilled to encompass it within the Instant ROI program. We believe this unique solution holds significant potential for the industry."

Dragonfly Energy offers lithium-ion power systems, including the Battle Born All-Electric APU for heavy-duty trucks to run hotel loads, and power liftgates and other equipment. The solutions are more efficient than traditional diesel-powered APUs and other lead acid-based battery systems, providing fuel cost savings, lower emissions, and quieter operation.

Velociti Tech Examines the Battle Born All-Electric APU

Velociti’s Instant ROI allows customers to be cash positive from day one of a technology investment by providing deferred billing during the installation portion of a deployment project, and extended payment terms on the entire hardware, software, installation and support solution. With the addition of VeloCare, Dragonfly Energy customers receive proactive system health monitoring and comprehensive support, including field repairs using Velociti’s nationwide team of highly trained and skilled technicians.