This recent rise in sales can be attributed to many consumers taking to the road and water versus air travel. With health concerns, shut-downs, and other air travel related issues, many are opting for more adventurous ways of traveling.
The market for recreational vehicles is exciting; the market size exceeded USD 70 billion in 2021 and is anticipated to grow at a CAGR of over 10% between 2022 and 2028. The rising movement toward outdoor recreation, such as camping, sports, and tourism activities, is poised to drive the market growth during the forecast period.
This recent surge drives the need for companies like Expion360, who provides reliable, warranted, top-of-the line lithium batteries for recreational vehicles.
Expion360 is becoming an exciting, ground-floor opportunity company to watch. The company’s revenue has grown from $25K in 2016 to $1.6MM 2020 and $4.7MM in 2021!
Expion360 is lead by CEO/Founder/Head of Sales, John Yozamp; with over 30 years of sales and marketing experience, John has significant knowledge in selling and developing products that are intended for supplying large retailers.
Prior to launching Expion360 John was founder, owner and operator of one of the larger Solar Manufacturing companies, Zamp Solar, in the US focusing on the RV and off grid markets.
With over 59% of equity owned by insiders and a CEO with over 30 years of experience in sales, Expion360’s market potential is strong and backed up with confidence by the company’s team!
It was only days ago that Expion360 debuted on the NASDAQ under the symbol “XPON”. The stock rose an impressive 10% in its market debut, positioning this company in a desirable and exciting spot for future market growth!
The company plans to use net proceeds from its initial public offering to address inventory strategy.
Lithium batteries are by far the most important as well as one of the most popular forms of energy storage in the world, accounting for 85.6% of deployed energy storage systems in 2015.
The global market for electric vehicle batteries alone is expected to hit almost $1 trillion by 2030. Sustaining that growth is going to require a lot of new batteries. The more energy-dense and safe lithium batteries can get, the faster the electrification of transportation will happen.
In recent years, investment has poured into the battery industry to develop sustainable storage solutions that support the energy transition.
Expion360 uses Lithium Iron Phosphate (LiFePO4) as its battery chemistry. LiFePO4 chemistry is considered a top choice for high energy density, dependability, longevity and safety.
Expion360 (NASDAQ: XPON) uses only the highest-grade lithium cells in the world for unparalleled reliability.
During the Coivd-19 pandemic, air travel halted, causing many of us to look for other ways of vacationing while being mindful of the health crisis. Many Americans, especially the younger generations, turned to taking their travels locally, via the road (or the water), using recreational vehicles (RVs).
The RV industry is growing at a phenomenal rate with millennials. More than 11% of households in the United States own an RV. Millennial’s alone, own over 15 million RV’s.
The recreational vehicle industry brings more than $114 billion to the US economy, making it a very important industry to service in the US.
According to a recent survey by the RV Industry Association, 61 million Americans plan to go RVing in the next 12 months. This is up from 46 million from 2020!
Over 11% of households in the US own a recreational vehicle, proving this is a market to watch.
All of this highlights the need for companies like Expion360, that deliver lithium batteries to recreational and marine vehicles to meet the supply-demand of a bustling industry!
So what are lithium batteries and why are they so important?
Lithium batteries are rechargeable batteries that are characterized by very high power densities.
These batteries have one of the highest energy densities of any battery technology today. They can deliver large amounts of current for high-power applications, which has lithium batteries are also comparatively low maintenance, and do not require scheduled cycling to maintain their battery life.
From a clean energy perspective, a lot of excitement around Lithium technology comes from their potential applications in battery-powered vehicles. Currently, the bestselling electric cars, the Nissan Leaf and the Tesla Model S, both use lithium batteries as their primary fuel source.Some other advantages of lithium
batteries include; maintenance, longevity, charging speed, safety and ease of charging.
Another benefit of using lithium batteries is that it moves towards decarbonization. Clean energy sources such as rechargeable batteries are accelerating clean electrification in the two biggest-emitting sectors of the U.S. economy: transportation and electricity.
U.S.-Based, Expion360 (NASDAQ: XPON) is an industry expert in lithium battery products, specializing in
recreational vehicles, overland and marine.
Expion360’s immediate focus is on Marine and RV, with strategic opportunities in a variety of other verticals. The company is expert in sourcing, assembling and white-labeling for components and finished products in their markets.
Designed and Engineered in America — They design and oversee all aspects of their lithium batteries with special attention to the smallest of details.
Lithium Cells — They use only the highest grade lithium cells in the world for unparalleled reliability. All lithium cells used in production are fully listed and meet UL1642 standard (UL file no. MH64383).
Box Design — From concept to commodity, their usage of color and texture are a hallmark of their innovative box design that completely changes the scope of the industry. The X, Y & Z axis within the interior space are structurally secured with molded ribs rather than foam filler that is found in most of our competitors. They only use the highest grade ABS plastics and infuse 10% glass fill into their mil-spec battery case that meet UL-94 VO for fire retardant rating. First in the industry to have rubber feet built-in on every battery box, this feature aides in the elimination of vibration and sliding issues. Radiused corners heighten the appearance and strengthen the edges for a sleek and sophisticated profile. Our oversized terminal connection pads are 96.7% larger than a standard terminal. This forward-thinking design increases the strength and structural integrity by allowing better heat dissipation and a 19% increase in current carrying capacity. Opposing terminal connection pads aid in mounting flexibility and reduced cross polarity dangers.
Cell Pack — They have eliminated nearly all solder points within their interior pack design. Because mechanical connections are the most efficient way to transfer power and reduce resistance and heat buildup, all cells are securely welded via thick copper/tin machined collector plates. The collector plates in our design are thicker than the industry norm and press broke at each end to create a mechanical backbone to connect to the BMS. High grade wire, ring terminals, and heat shrink are generously used throughout the interior. All terminal connections are treated with an industrial epoxy for long-lasting corrosion protection and durability.
BMS (Battery Management System) — “Smart” is at the heart of their BMS design with an abundance of features. For the cold weather enthusiast, we have built in a low-temp discharge and charge auto-shutoff. Low and high voltage shutoffs, short circuit protection, and overcurrent disconnect function are also managed by our intelligent BMS. While others may overlook the safety importance of structurally securing the BMS board, their process incorporates a bolted design that creates one cohesive pack. The addition of mechanical connections and an oversized heatsink increase the reliability of their BMS to give years of trouble-free performance.
RV and Marine
The 360 (12V/360Ah) is 3.5x the capacity of average RV battery and is unique in form factor.
Home Energy | Exceptional market space. Target low entry price point and expandable DIY design focused around plug-and-play batteries.
Capacity Development
Preferred position to control certain manufacturing and assembly locally with new facility. Planned future recyclable design concepts.
Better Partnerships
Planned technology partnerships, better salesm platform (recurring revenue) , and low cost to upgrade. More focus on developing lasting personal relationships at the street level.
OEM Opportunity
Their scalable design can position the company to be one of the largest OEM suppliers of lithium batteries in the U.S. for RV & Marine products
Dealer Relationships
Fulfilling orders to the largest RV & Marine dealerships in the nation.
US Cell Development
They want to control the cell development process of certain of their products through onshoring and other initiatives. “Total vertical position”.
Demand for lithium batteries has seen a huge rise in recent years as the world turns to sustainable, rechargeable energy sources. Expion360’s lithium batteries only use the highest-grade lithium cells and offer unparalleled safety, charge time, and warranty compared to its competition.
Company’s like TESLA, use lithium batteries to sustain electronic vehicles.
The recreational vehicle industry brings more than $114 billion to the US economy, making it a very important industry to service in the US!
According to a recent survey by the RV Industry Association, 61 million Americans plan to go RVing in the next 12 months. This is up from 46 million from 2020!
John Yozamp
Founder/CEO
Founder/CEO and Head of Global Sales, John Yozamp brings more than 30 years of sales and marketing experience to the business. His extensive background includes 24 years of product concept, development, and manufacturing. He has significant knowledge in selling and developing products that are intended for supplying large retailers, such as Sherman Williams, Costco, Lowes, and Home Depot. In 1996, John was recognized in the HDTV’s top ten pick “Best New Idea” at the Chicago Hardware Show. In 2008, John supported the #1 item sold at Sam’s Club individual Road Show. These are only a couple of examples of his ability to align with high-profile opportunities. He is well-known for his innovative approach, as well as his ability to foster deep and lasting relationships with key distributors, suppliers, and decision makers. His ability to demonstrate high integrity and trustworthiness has helped in cultivating valuable connections, which have been helpful in multiple business launches. In previous endeavors, John successfully founded two recreational vehicle/trailer tent companies, both of which are still in business today. Just prior to launching Expion360 John was founder, owner and operator of one of the larger Solar Manufacturing companies, Zamp Solar, in the US focusing on the RV and off grid markets.
Paul Shoun
COO
30 years’ executive experience, including 17 years leading an engineering consulting firm focused on scalability and manufacturability of products through automation and process improvement.
U.S.-Based, Expion360 an industry expert in lithium battery products, specializing in recreational vehicles, overland and marine, recently debuted on the NASDAQ under the symbol “XPON”.
Expion360 (NASDAQ: XPON) rose an impressive 10% in its market debut, positioning this company in a desirable and exciting spot for future market growth!
XPON is becoming an exciting, ground-floor opportunity company to watch. The company’s revenue has grown from $25K in 2016 to $1.6MM 2020 and $4.7MM in 2021!
With recent attention turning to rechargeable, reliable energy sources driven by larger companies like Tesla, the market for lithium batteries is booming and was valued at USD 53.6 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 19.0% from 2020 to 2028.
Lithium batteries are by far the most important as well as one of the most popular forms of energy storage in the world, accounting for 85.6% of deployed energy storage systems in 2015.
All of this positions Expion360 favorably. The company looks to be on the groundfloor and already seeing gains making potential for growth unstoppable!
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