Upgrade Energy

Upgrade Energy develops high-performance battery packs for drones, UAVs and robotics applications. Its products use advanced cell selection, pack construction and battery-management engineering to improve range, endurance and reliability for mobile unmanned systems.

Facts

Segment: Power Systems
Country: United States
Founded: 2020
Website: https://www.upgradeenergytech.com

Market context

Upgrade Energy sits in the drone power-system layer, where battery weight, discharge profile and reliability directly shape flight endurance and payload capacity.

Quaze Technologies - comparable profile - peer: UAS Power Systems
H3 Dynamics - comparable profile - peer: UAS Power Systems
Tulip Tech - comparable profile - peer: Drone Battery Supplier

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Supply

Amprius Technologies - Inbound - Power Systems - Amprius Technologies supplies power system to Upgrade Energy - source: amprius.com

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Timeline

2026-05-11 - Acquisition - Unusual Machines agrees to acquire Upgrade Energy to expand U.S. drone battery production - Unusual Machines agreed to acquire Upgrade Energy in a transaction valued at approximately USD 52 million. The transaction is structured as cash and stock consideration with a performance-based earnout. The acquisition is aimed at expanding U.S.-based drone… - source: marketscreener.com

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Team

Matthew Barnard - CEO - Central executive behind Upgrade Energy shift from drone work into high-performance UAS battery packs.

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Relations

Unusual Machines - Acquired Company - Unusual Machines has a public acquisition relationship with Upgrade Energy.

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