Financial Data and Key Metrics Changes - Total revenue grew 17% year-over-year to $12.2 million, marking the first quarterly year-over-year revenue growth in two years [13][31] - OEM sales increased by 61% to $6.2 million from $3.9 million, while DTC sales declined to $5.7 million from $6.6 million due to macroeconomic pressures [31][32] - Gross profit rose 12.5% to $2.5 million, with a gross profit margin of 20.8%, although gross margin declined by 80 basis points year-over-year due to higher material costs [33] - Net loss was $9.8 million, compared to a net income of $3.3 million in the previous year, resulting in a diluted net loss of $1.39 per share [34] - Adjusted EBITDA was negative $2.3 million, worse than the negative $1.8 million reported last year [35] Business Line Data and Key Metrics Changes - OEM sales growth was driven by increased adoption of current products and new business acquisitions [31][32] - DTC segment sales decline reflects ongoing macroeconomic pressures impacting consumer demand [32] Market Data and Key Metrics Changes - The RV market continues to face challenges, but there are signs of increased adoption of premium products as manufacturers reintegrate add-ons into their units [15] - The trucking industry is identified as a significant growth opportunity, with partnerships leading to fleet-wide implementations of Dragonfly Energy's solutions [16][18] Company Strategy and Development Direction - The company has launched a corporate optimization program to focus on near-term revenue-generating opportunities and accelerate the path to profitability [9][11] - A debt restructuring has enhanced financial flexibility, extending debt maturity to October 2027 and reclassifying debt as long-term [8] - The company is diversifying its revenue streams beyond the RV sector, particularly targeting the trucking industry and exploring new markets through partnerships [18][19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving positive adjusted EBITDA by the fourth quarter of 2025, driven by growth in the RV and trucking markets [35][36] - The company is optimistic about the momentum in diversification efforts and the potential for significant revenue contributions in 2025 [36] Other Important Information - The company has promoted Dr. Vick Singh to Chief Operating Officer to oversee operational efficiencies and the execution of the corporate optimization program [11][12] - The Stryten Energy partnership is expected to provide access to new markets, although meaningful revenue from this collaboration is not anticipated until 2026 or later [68] Q&A Session Summary Question: Clarification on EBITDA profitability target for Q4 - Management expects the entire fourth quarter to be adjusted EBITDA positive [40] Question: Contingency plans if market conditions do not improve - Management indicated that they are not overly reliant on contingency plans, as they are optimistic based on the current pipeline of opportunities [42] Question: Update on dry manufacturing business - The focus has shifted to collaborating with customers who can produce cells from the electrodes provided by the company, rather than producing cells in-house [46][47] Question: Impact of tariffs on profitability guidance - Management confirmed that tariff impacts have been accounted for in profitability projections, noting that their non-tariffable costs are lower than industry averages [49][50] Question: Trends in the RV market and re-contenting - Management noted a modest growth forecast for the RV industry, with wider adoption of their products among core customers [57][58] Question: Update on the Stryten licensing deal - The relationship is active, focusing on product development, but significant revenue is not expected until 2026 or later [68]

[Overview of Q4 and Full Year 2024 Performance](index=1&type=section&id=Overview%20of%20Q4%20and%20Full%20Year%202024%20Performance) Dragonfly Energy reported Q4 2024 revenue growth driven by OEM, initiated a corporate optimization program, and aims for positive Adjusted EBITDA by Q4 2025, despite a full-year revenue decline and increased net loss [Key Highlights and Strategic Initiatives](index=1&type=section&id=Key%20Highlights%20and%20Strategic%20Initiatives) Dragonfly Energy reported a 17% year-over-year revenue growth in Q4 2024, driven by strong performance in the OEM segment. Post-quarter, the company enhanced its financial position through a significant debt restructuring and a concurrent capital raise. To improve efficiency and target profitability, a corporate optimization program has been initiated, with a goal of achieving positive Adjusted EBITDA in Q4 2025 - Successfully negotiated a significant debt restructuring and secured additional capital, strengthening the company's near-term financial position and reclassifying debt to long-term[2](index=2&type=chunk) - Launched a corporate optimization program to establish a more efficient cost structure and align operations with near-term revenue opportunities, aiming for a path to profitability[2](index=2&type=chunk) - Fourth-quarter net sales returned to year-over-year growth, increasing by approximately **17%**, primarily driven by a **61%** increase in adoption among OEM customers, despite ongoing challenges in the RV market[3](index=3&type=chunk)[6](index=6&type=chunk) Q4 and Full Year 2024 Key Financial Metrics (in millions) | Metric | Q4 2024 | Full Year 2024 | | :--- | :--- | :--- | | **Net Sales** | $12.2 | $50.6 | | **OEM Net Sales** | $6.2 | $27.6 | | **Gross Margin** | 20.8% | 23.0% | | **Net Loss** | $(9.8) | $(40.6) | | **Adjusted EBITDA** | $(2.0) | $(18.5) | [Fourth Quarter 2024 Financial Results](index=2&type=section&id=Fourth%20Quarter%202024%20Financial%20Results) In Q4 2024, net sales increased 17.0% YoY to $12.2 million, propelled by a 61% surge in OEM sales to $6.2 million, which more than compensated for a 13% decline in DTC sales. Gross margin slightly compressed to 20.8% from 21.6% due to higher material costs and a sales mix shift towards OEM. The company reported a Net Loss of $9.8 million, a significant downturn from a Net Income of $3.3 million in the prior-year period Q4 2024 Net Sales by Customer Type (in thousands) | Customer Type | Q4 2024 | Q4 2023 | Change (YoY) | | :--- | :--- | :--- | :--- | | **DTC** | $5,726 | $6,561 | -13% | | **OEM** | $6,236 | $3,877 | 61% | | **Licensing** | $250 | $0 | N/A | | **Total Net Sales** | **$12,212** | **$10,438** | **17%** | - Gross Profit increased **12.5%** to **$2.6 million**, though Gross Margin declined to **20.8%** from **21.6%** due to higher material costs and a shift in sales mix to OEM[7](index=7&type=chunk) - Operating Expenses rose to **$6.3 million** from **$5.4 million**, primarily due to one-time expenses related to patent litigation, a reverse stock split, and costs associated with moving into a new facility[7](index=7&type=chunk) - The company reported a Net Loss of **$(9.8) million**, or **$(1.39)** per share, compared to Net Income of **$3.3 million**, or **$0.50** per share, in Q4 2023. Adjusted EBITDA was **$(2.3) million**[8](index=8&type=chunk) [Full Year 2024 Financial Results](index=2&type=section&id=Full%20Year%202024%20Financial%20Results) For the full year 2024, net sales decreased by 21% to $50.6 million, driven by a 39% decline in DTC sales to $22.6 million due to continued softness in the RV market. OEM sales remained flat year-over-year at $27.6 million. The company's Net Loss widened substantially to $40.6 million from $13.8 million in 2023, with Adjusted EBITDA deteriorating slightly to negative $18.5 million Full Year 2024 Net Sales by Customer Type (in thousands) | Customer Type | FY 2024 | FY 2023 | Change (YoY) | | :--- | :--- | :--- | :--- | | **DTC** | $22,616 | $36,875 | -39% | | **OEM** | $27,612 | $27,517 | 0% | | **Licensing** | $417 | $0 | N/A | | **Total Net Sales** | **$50,645** | **$64,392** | **-21%** | - The decline in DTC sales was attributed to continued softness and macroeconomic pressures in the RV market. Flat OEM sales resulted from new customer acquisitions being offset by a large customer changing the product from a standard offering to an option[11](index=11&type=chunk) - Gross profit for the year was **$11.6 million** with a **23.0%** margin, down from **$15.4 million** and a **24.0%** margin in the prior year, primarily due to lower sales volume[12](index=12&type=chunk) - The company reported a Net Loss of **$(40.6) million**, or **$(5.91)** per share, compared to a Net Loss of **$(13.8) million**, or **$(2.36)** per share, in 2023. Full-year Adjusted EBITDA was **$(18.5) million**[13](index=13&type=chunk) [Business Outlook and Guidance](index=3&type=section&id=Summary%20and%20Outlook) Looking ahead, Dragonfly Energy is focused on driving shareholder value through growth, market diversification, and product innovation. The company has issued guidance for Q1 2025, projecting net sales of approximately $13.3 million. A key strategic goal is to achieve positive Adjusted EBITDA by the fourth quarter of 2025, aided by the ongoing corporate optimization program - The company's focus for 2025 is on driving shareholder value through growth, diversification across end markets, and continued product innovation[15](index=15&type=chunk) - With the combination of revenue growth and the corporate optimization program, the company expects to achieve positive Adjusted EBITDA by the fourth quarter of 2025[15](index=15&type=chunk) Q1 2025 Guidance (in millions) | Metric | Guidance | | :--- | :--- | | **Net Sales** | ~$13.3 | | **Adjusted EBITDA** | ~$(3.8) | [Financial Statements](index=5&type=section&id=Financial%20Tables) The company's financial statements for 2024 reflect a stable asset base but a significant increase in liabilities due to debt restructuring, leading to a stockholders' deficit, alongside a widened net loss and improved operating cash flow primarily from inventory reduction [Consolidated Balance Sheets](index=5&type=section&id=Unaudited%20Condensed%20Consolidated%20Balance%20Sheets) As of December 31, 2024, total assets remained stable at $75.2 million. However, total liabilities increased significantly to $84.6 million from $47.3 million in the prior year, driven by the reclassification of notes payable to long-term debt following restructuring. This shift resulted in a stockholders' deficit of $9.4 million, compared to stockholders' equity of $27.9 million at the end of 2023. Cash and cash equivalents decreased to $4.8 million, while inventory was substantially reduced to $21.7 million Balance Sheet Highlights (in thousands) | Account | Dec 31, 2024 | Dec 31, 2023 | | :--- | :--- | :--- | | **Cash and cash equivalents** | $4,849 | $12,713 | | **Inventory** | $21,716 | $38,778 | | **Total Assets** | $75,214 | $75,204 | | **Notes payable, current portion** | $0 | $19,683 | | **Notes payable, non current portion** | $29,646 | $0 | | **Total Liabilities** | $84,618 | $47,292 | | **Total Stockholders' (Deficit) Equity** | $(9,404) | $27,912 | [Consolidated Statement of Operations](index=6&type=section&id=Unaudited%20Condensed%20Interim%20Consolidated%20Statement%20of%20Operations) For the full year 2024, Dragonfly Energy reported net sales of $50.6 million, a decrease from $64.4 million in 2023. Gross profit fell to $11.6 million from $15.4 million. Despite a reduction in operating expenses to $34.0 million, the company's loss from operations was $22.4 million. The net loss for the year widened significantly to $40.6 million, or $(5.91) per share, compared to a net loss of $13.8 million, or $(2.36) per share, in the prior year Statement of Operations Summary (in thousands) | Metric | Full Year 2024 | Full Year 2023 | | :--- | :--- | :--- | | **Net Sales** | $50,645 | $64,392 | | **Gross Profit** | $11,626 | $15,446 | | **Total Operating Expenses** | $34,012 | $42,875 | | **Loss From Operations** | $(22,386) | $(27,429) | | **Net (Loss) Income** | $(40,615) | $(13,843) | | **Net (Loss) Gain Per Share** | $(5.91) | $(2.36) | [Consolidated Statement of Cash Flows](index=7&type=section&id=Unaudited%20Condensed%20Consolidated%20Statement%20of%20Cash%20Flows) For the year ended December 31, 2024, net cash used in operating activities improved to $7.2 million from $16.5 million in 2023, primarily due to a $17.1 million reduction in inventory. Net cash used in investing activities was $2.7 million for property and equipment purchases. Net cash from financing activities was $2.0 million, significantly lower than the $19.5 million in 2023. Consequently, the company's cash and cash equivalents decreased by $7.9 million, ending the year at $4.8 million - Net cash used in operating activities improved to **$(7.2) million** in 2024 from **$(16.5) million** in 2023, largely driven by a significant decrease in inventories[29](index=29&type=chunk) - Net cash used in investing activities was **$(2.7) million**, primarily for the purchase of property and equipment[29](index=29&type=chunk) - Net cash provided by financing activities totaled **$2.0 million**, mainly from an At-The-Market (ATM) public offering[29](index=29&type=chunk) - The company's cash and cash equivalents position decreased from **$12.7 million** at the beginning of the year to **$4.8 million** at the end of the year[29](index=29&type=chunk) [Non-GAAP Financial Measures](index=9&type=section&id=Non-GAAP%20Financial%20Measures) The company provides reconciliations for its non-GAAP Adjusted EBITDA, highlighting significant adjustments from GAAP net loss, and offers forward-looking guidance for Q1 2025 Adjusted EBITDA [Reconciliation of GAAP to Non-GAAP Measures](index=9&type=section&id=Reconciliation%20of%20GAAP%20to%20Non-GAAP%20Measures%20%28Unaudited%29) The company provides a reconciliation from Net (Loss) Income to its non-GAAP measure, Adjusted EBITDA. For the full year 2024, Adjusted EBITDA was negative $18.5 million, a slight increase in loss from negative $17.1 million in 2023. For Q4 2024, Adjusted EBITDA was negative $2.3 million. Significant adjustments from GAAP net loss include stock-based compensation, changes in the fair value of warrant liability, and various one-time expenses such as patent litigation and loss on settlement Adjusted EBITDA Reconciliation Summary (in thousands) | Period | Net (Loss) Income | Adjusted EBITDA | | :--- | :--- | :--- | | **Q4 2024** | $(9,842) | $(2,347) | | **Q4 2023** | $3,314 | $(1,831) | | **Full Year 2024** | $(40,615) | $(18,500) | | **Full Year 2023** | $(13,817) | $(17,127) | - Key adjustments for Full Year 2024 included removing the positive **$6.7 million** change in fair market value of warrant liability, adding back **$1.0 million** in stock-based compensation, a **$2.5 million** loss on settlement, and a **$0.9 million** loss on asset impairment[32](index=32&type=chunk) [Q1 2025 Guidance Reconciliation](index=10&type=section&id=Adjusted%20earnings%20before%20interest%2C%20taxes%2C%20depreciation%20and%20amortization%20%28adjusted%20EBITDA%29) Dragonfly Energy provides a reconciliation for its Q1 2025 Adjusted EBITDA guidance of approximately negative $3.8 million. The company reconciles from a projected Operating Loss of $4.8 million, adjusting for items such as depreciation & amortization ($0.3 million), stock-based compensation ($0.2 million), and patent litigation expenses ($0.4 million). A reconciliation to forward-looking net loss is not provided due to the unreasonable effort required to predict the change in fair value of the company's warrant liability Q1 2025 Adjusted EBITDA Guidance Reconciliation (in thousands) | Metric | Amount | | :--- | :--- | | **Operating Loss** | $(4,843) | | Depreciation and Amortization | $297 | | Stock Based Compensation | $219 | | ATW Deal expenses | $150 | | Patent Litigation expenses | $368 | | **Adjusted EBITDA** | **$(3,809)** | - The company states it is not able to calculate forward-looking net loss without unreasonable efforts due to significant uncertainties related to the accounting for the change in fair market value of its warrant liability[34](index=34&type=chunk)

Core Insights - Dragonfly Energy Holdings Corp. reported a fourth-quarter revenue growth of 17%, driven by significant OEM growth despite challenges in the RV market [1][3] - The company successfully negotiated a debt restructuring and secured additional capital, enhancing its financial position and liquidity [2] - Dragonfly Energy initiated a corporate optimization program aimed at improving operational efficiency and aligning with revenue growth opportunities [2] Financial Highlights - Fourth-quarter net sales reached $12.2 million, a 17% increase from the previous year, with OEM sales growing 61% to $6.2 million [5][10] - DTC sales decreased by 13% to $5.7 million, reflecting ongoing macroeconomic pressures [5] - The company reported a net loss of $(9.8) million for the fourth quarter, compared to a net income of $3.3 million in the prior year [8][12] Operational Developments - Dragonfly Energy has expanded its customer base beyond the RV sector, leveraging partnerships in trucking and industrial markets [3] - The company has promoted Dr. Vick Singh to Chief Operating Officer to oversee the corporate optimization program [2] - The strategic relocation to a new 400,000 square foot facility is expected to drive long-term operational efficiencies [7] Future Guidance - The company anticipates first-quarter 2025 net sales of approximately $13.3 million and targets positive adjusted EBITDA by the fourth quarter of 2025 [1][14][21]

RENO, Nev., March 13, 2025 (GLOBE NEWSWIRE) -- Dragonfly Energy Holdings Corp. ("Dragonfly Energy" or the "Company") (NASDAQ:DFLI), an industry leader in energy storage and battery technology, today announced that the Company will release its financial and operational results for the fourth quarter and full year ended December 31, 2024, after market close on Monday, March 24, 2025. The earnings press release will be followed by a conference call on March 24, 2025 at 4:30 PM Eastern Time. Interested investor ...

Core Viewpoint - Dragonfly Energy has launched the Battle Born® DualFlow Power Pack, a lithium power solution aimed at enhancing efficiency and reducing costs for long-haul trucking by eliminating idling and extending starter battery life [2][5][9]. Product Overview - The Battle Born® DualFlow Power Pack is designed to provide dedicated power for hotel loads in long-haul trucks, thereby alleviating strain on starter batteries and reducing unnecessary engine starts [2][3]. - It features Wakespeed® Charge Control Technology, which allows the system to recharge while the truck is in motion without additional fuel consumption [3][5]. - The product is engineered for universal compatibility and can be installed under the bunk in sleeper cabs without modifications, taking less than an hour for installation [5][9]. Economic Benefits - The system offers a low price point and a return on investment (ROI) well under a year, enabling fleets to quickly recover their investment and achieve significant savings in fuel costs, battery replacements, and maintenance [3][5]. - It is estimated that the system can save an average of four gallons of fuel per day by eliminating idling during mandatory rest periods [9]. Market Positioning - The DualFlow Power Pack is positioned as a practical solution for heavy-duty trucking fleets and owner-operators, particularly those not using auxiliary air conditioners [3][4]. - Major fleets have already begun integrating the DualFlow Power Pack into their operations, recognizing its value in reducing costs and improving efficiency [6]. Company Background - Dragonfly Energy Holdings Corp. specializes in lithium battery technology, including cell manufacturing and battery pack assembly, and has established itself as a leader in the industry with a strong portfolio of products [8][10].

Core Viewpoint - Dragonfly Energy has launched the Battle Born® DualFlow Power Pack, a lithium power solution aimed at enhancing efficiency and reducing costs for long-haul trucking by eliminating idling and extending starter battery life [2][5][9]. Product Overview - The Battle Born® DualFlow Power Pack is designed to provide dedicated power for hotel loads in long-haul trucks, thereby reducing strain on starter batteries and minimizing idle time [2][3]. - It features Wakespeed® Charge Control Technology, which allows the system to recharge while the truck is in motion without additional fuel consumption [3][5]. - The product is engineered for universal compatibility and can be installed under the bunk in sleeper cabs without modifications, taking less than an hour for installation [5][9]. Economic Benefits - The system offers a low price point and a return on investment (ROI) of well under a year, allowing fleets to quickly recover their investment [3][5]. - It is expected to save an average of four gallons of fuel per day by eliminating the need for idling during mandatory rest periods [9]. - The DualFlow Power Pack protects starter batteries by minimizing deep discharges, thereby extending their lifespan and reducing the risk of premature failures and costly replacements [9]. Market Positioning - The product is particularly suited for heavy-duty trucking fleets and owner-operators who do not utilize auxiliary air conditioners, making it a practical solution for current industry needs [3][4]. - Dragonfly Energy positions the DualFlow Power Pack as a form of hybrid electrification that delivers real savings and efficiency, appealing to fleets looking for immediate, cost-effective solutions [4][6]. Company Background - Dragonfly Energy Holdings Corp. specializes in lithium battery technology, including cell manufacturing and battery pack assembly, and has established itself as a leader in the industry with a strong portfolio of products [8][10]. - The company aims to advance clean energy solutions and has a mission focused on the future deployment of proprietary, nonflammable, all-solid-state battery cells [10].

Core Viewpoint - Dragonfly Energy Holdings Corp. has successfully completed a debt restructuring and a capital raise, significantly enhancing its financial flexibility and liquidity [1][2][3] Debt Restructuring - The company amended its existing debt facility with senior lenders, which includes a waiver of quarterly liquidity covenant requirements through June 30, 2026, and an extension of the debt maturity date to October 7, 2027 [7] - The amendment also includes a Payment-in-Kind (PIK) interest option for 2025 and a reduction of the monthly minimum liquidity covenant to $2.5 million through March 31, 2026 [7] Capital Raise - Dragonfly Energy raised $3.5 million through a registered direct offering and private placement of Series A Convertible Preferred Stock, with a potential additional $4.5 million contingent on stockholder approval [2][4] - The company has also agreed to sell warrants to purchase up to an aggregate of $40 million in additional shares of Preferred Stock, providing further capital opportunities [2][4] Use of Proceeds - The net proceeds from the private placement will be utilized for working capital and general corporate purposes [3] Company Overview - Dragonfly Energy is a leader in energy storage and battery technology, specializing in lithium battery manufacturing and system integration [9] - The company aims to advance clean energy solutions through its proprietary, nonflammable, all-solid-state battery cells [9]

Core Insights - Dragonfly Energy Holdings Corp. has appointed AdvisIRy Partners as its new investor relations firm to enhance its communication and investor relations strategies [1][2] - The company specializes in innovative lithium-ion battery solutions for various sectors including RV, trucking, and industrial applications, and is advancing next-generation battery cell manufacturing with proprietary dry electrode technology [2][3] - Dragonfly Energy is recognized for its Battle Born Batteries brand and has established a strong presence in the lithium battery industry with a focus on domestic cell production and the development of nonflammable, all-solid-state battery cells [3] Company Overview - Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) is a comprehensive lithium battery technology company engaged in cell manufacturing, battery pack assembly, and full system integration [3] - The company has deployed hundreds of thousands of reliable battery packs through top-tier OEMs and a diverse retail customer base, positioning itself as a frontrunner in the lithium battery industry [3] - Dragonfly Energy's patented dry electrode manufacturing process allows for chemistry-agnostic power solutions applicable in energy storage systems, electric vehicles, and consumer electronics [3] AdvisIRy Partners Overview - AdvisIRy Partners is an investor relations and corporate communications firm based in New York City, designed to deliver tangible results for corporate clients [5] - The firm combines sell-side, buy-side, and investor relations experience to provide senior-level advisory work and customized programs for a diverse client base [5]

Core Insights - Dragonfly Energy Holdings Corp. has appointed AdvisIRy Partners as its new investor relations firm to enhance its communication and investor relations strategy [1][2] - The company specializes in innovative lithium-ion battery solutions for various sectors, including RV, trucking, and industrial applications, and is advancing next-generation battery cell manufacturing with proprietary dry electrode technology [2][3] - Dragonfly Energy is recognized for its Battle Born Batteries® brand and has established a strong presence in the lithium battery industry with a significant number of battery packs deployed through top-tier OEMs [3] Company Overview - Dragonfly Energy Holdings Corp. (NASDAQ:DFLI) focuses on lithium battery technology, encompassing cell manufacturing, battery pack assembly, and full system integration [3] - The company aims to lead in domestic lithium battery cell production and offers chemistry-agnostic power solutions for energy storage systems, electric vehicles, and consumer electronics [3] - Dragonfly Energy's mission includes the future deployment of proprietary, nonflammable, all-solid-state battery cells [3] AdvisIRy Partners Overview - AdvisIRy Partners is an investor relations and corporate communications firm based in New York City, designed to deliver measurable results for corporate clients [5] - The firm combines sell-side, buy-side, and investor relations expertise to provide senior-level advisory services and customized programs for a diverse client base [5]

Core Viewpoint - Dragonfly Energy Holdings Corp. has secured a significant purchase order from Stevens Transport for its Battle Born® All-Electric APUs, marking a key partnership aimed at advancing sustainable transportation solutions in the trucking industry [1][2]. Group 1: Partnership and Commitment - Stevens Transport has committed to transitioning its entire fleet of 2,500 trucks to Dragonfly Energy's lithium power solutions, starting with 100 trucks in Q1 2025 [2]. - This partnership emphasizes the importance of hybrid electrification as a practical step towards fleet sustainability, combining combustion engines with lithium iron phosphate batteries [3][4]. Group 2: Technological Advancements - Dragonfly Energy's All-Electric APU system is designed to provide reduced emissions, cost efficiencies, and enhanced driver comfort, supporting Stevens Transport's sustainability goals [4][5]. - The advanced battery solutions from Dragonfly Energy have exceeded performance and reliability expectations during testing, setting a new standard for operational efficiency in transportation [5]. Group 3: Industry Context - The collaboration between Dragonfly Energy and Stevens Transport highlights a shift in the transportation industry towards hybrid solutions, contrasting with the focus on full electrification by many companies [3]. - This partnership serves as a precedent for sustainable innovation in the logistics sector, as more companies recognize the benefits of hybridization [4].