Expion360 Inc.

Expion360 designs, assembles, manufactures, and sells lithium iron phosphate ("LiFePO4") batteries and related accessories for recreational vehicles ("RVs"), marine, and industrial uses. The company's high-powered lithium battery solutions are designed to be dense and have a minimal footprint within the RV and marine industries. Expion360 uses intellectual property strategies to support product development, improve safety and performance, and build relationships in its target markets. Customers include dealers, wholesalers, private-label customers, and original equipment manufacturers ("OEMs"), who then sell the products to end consumers. The primary target markets are the RV, marine, and industrial power sectors. The company believes the shift from traditional lead-acid batteries to LiFePO4 battery systems offers growth opportunities. Beyond RV and marine, Expion360 is expanding into industrial, construction, surveillance, remote monitoring, and other critical applications needing reliable, high-energy-density battery systems. They are also pursuing opportunities in the electric forklift and industrial material handling markets. Expion360 launched its e360 product line in December 2020, initially for the RV and marine industries. This product line has been adopted by customers moving away from lead-acid battery systems. The product portfolio now includes next-generation lithium battery models designed to increase capacity, improve energy density, enhance manufacturability, and expand integration capabilities for OEM and industrial applications. These products support mobile and off-grid systems for construction, industrial power, surveillance, and remote monitoring. Expion360 operates as one reportable business segment, Energy Storage (ES).