Expion360 Inc. reported its financial results for the third quarter of 2024, showing an 8.7% sequential revenue growth from the previous quarter. This growth was attributed to new products and technologies, alongside the expansion of its OEM and distributor relationships.
The company also announced the closure of a $10 million underwritten public offering during the quarter. This capital raise is intended to advance the commercialization of its Home Energy Storage Solutions and pursue other key growth initiatives.
Furthermore, Expion360 secured seven new OEM and distributor relationships during the period. These partnerships are expected to equip new campers and RVs with the company's advanced lithium-ion batteries, broadening its market reach.
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