Flux Power Holdings Business Summary

Flux Power Holdings, Inc. (FLUX) operates a hardware-as-a-service and direct-sale business model, generating revenue primarily through the design and manufacture of advanced lithium-ion energy storage solutions for industrial and commercial sectors. The company’s primary business segments include material handling (forklifts), airport ground support equipment (GSE), and stationary energy storage. Under its current strategic pivot, Flux is increasingly monetizing high-margin recurring revenue streams through its SkyLNK telematics and SkyEMS software platforms, which utilize AI-driven analytics to optimize fleet uptime. Flux Power competes directly with industry incumbents and specialized players such as EnerSys (ENS), Ultralife (ULBI), Electrovaya (ELVA), and Plug Power (PLUG), positioning itself as a niche leader in the industrial lithium-ion transition, having achieved its first-ever profitable quarter in Q2 2026. Founded by Chris Anthony, who remains Chairman and also co-founded Aptera Motors, the company is currently led by Chief Executive Officer Krishna Vanka, a veteran technology leader appointed in March 2025 with a pedigree in scaling digital energy divisions at Fluence Energy (Nasdaq: FLNC). The executive leadership team includes Chief Financial Officer Kevin Royal and Chief Operating Officer Jeffrey C. Mason, both of whom have overseen the company’s recent operational efficiency and expense optimization initiatives. Flux Power’s board and investor base feature significant institutional and insider backing, notably from Michael Johnson of Esenjay Investments—the company’s largest shareholder—along with Lead Director Dale T. Robinette and major institutional investors such as Formidable Asset Management and Cleveland Capital Management.