Expion360 Inc., aan industry supplier of lithium-ion battery power storage solutions, announced significant growth within its OEM and distribution network.
In addition to strengthening its relationships with existing OEM partners, the company has recently added several new OEMs and one new distributor, following its team’s attendance at the Elkhart RV Dealer Open House in September and resulting from ongoing sales efforts to expand its customer base across the United States. The Elkhart event showcased Expion360 batteries installed in demonstration vehicles, highlighting their performance and versatility, which resonated strongly with attendees, the company said. This momentum, combined with strategic outreach efforts nationwide, has significantly bolstered Expion360’s footprint in the RV markets.
In addition to the three recently announced new OEM customers — Scout Campers, Alaskan Campers LLC d/b/a Alaskan Campers and K-Z Recreational Vehicles — Expion360 has secured several new OEM customers and one new distributor. The company expects these new relationships to generate incremental revenue of approximately $5.0 million for fiscal year 2025. These efforts underscore its commitment to expanding its reach and delivering quality power solutions across a wider range of industries and sales channels. The anticipated revenue growth is expected to increase gross profits by an estimated $1.4 million for fiscal year 2025. In addition, Expion360 expects to finish fiscal year 2024 on a strong note, following increased sales during the fourth quarter of 2024 as a result of these new relationships.
“We are very pleased to see such strong momentum with our new customers who have expressed interest across our product line, including our next generation GC2, Group 27 and new Edge batteries,” said Brian Schaffner, CEO of Expion360. “These new relationships expand our customer base as our recently introduced batteries and enhanced features continue to gain traction in the marketplace. We believe this growth is a testament to the quality of our products and features and the trust our customers place in us. We look forward to supporting these new relationships and continuing to advance our shared vision of advanced, reliable power solutions, while seeking to drive meaningful incremental revenue for our business.
“These new customers reflect our dedication to advancing energy solutions and meeting the increasing demand for high-quality lithium battery technology. This expanded OEM network strengthens our presence in the recreational vehicle (RV), off-grid and surveillance industries, showcasing our versatility in providing reliable energy solutions tailored to diverse applications. Through the addition of a new distributor, we are aiming to broaden access to our dependable and innovative power solutions. With these developments, we believe we are well-positioned to further enhance our market presence and continue delivering advanced energy solutions that meet the unique needs of customers,” Schaffner concluded.