Event
Unusual Machines agrees to acquire Upgrade Energy to expand U.S. drone battery production
Key points
- 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 battery production and power-system supply for UAV applications.
Company context
Upgrade Energy designs and assembles high-performance lithium battery packs optimized for drones, UAS and other weight-sensitive platforms.
Context
- Company
- Upgrade Energy
- Segment
- Power Systems
- Event type
- Acquisition
- Geography
- El Segundo · United States