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DateInvestorsAmountRound

$4.0m

Series A

$10.0m

Series B

$15.0m

Series C
N/A

$2.0m

Debt

N/A

Acquisition
Total Funding€26.4m

Recent News about Firefly Energy

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Firefly International Energy Co. specializes in the development and manufacturing of advanced battery technology, originally developed in the R&D laboratories of Caterpillar. The company focuses on producing Microcell Carbon Foam (MCF) batteries, which are designed to offer reliable and efficient power solutions in harsh operating environments and remote locations. These batteries are particularly suited for applications where infrastructure is lacking, such as in remote areas without electricity. Firefly Energy serves a diverse range of clients, including those in heavy equipment, backup energy management, and storage sectors. The company operates in the global energy storage market and generates revenue through the sale of its patented battery technology. Firefly Energy has established a large-scale manufacturing facility in India under a licensing arrangement, allowing it to produce its innovative batteries at a fraction of the cost. The business model revolves around leveraging its proprietary technology and patents to deliver high-performance, maintenance-free batteries that address key market concerns such as grid corrosion and active material shedding.

Keywords: Microcell Carbon Foam, advanced batteries, energy storage, remote power, heavy equipment, backup energy, lead acid, maintenance-free, patented technology, manufacturing.

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