Flux Power

The company's business model centers on the design, manufacturing, and sale of advanced lithium-ion battery packs. Revenue is generated from direct sales of these battery systems to a diverse client base that includes Fortune 500 companies in sectors like food and beverage distribution, retail, e-commerce, and manufacturing. A significant and growing market for Flux Power is airport ground support equipment (GSE), where it supplies major airlines and their partners. The company also pursues private label opportunities with original equipment manufacturers (OEMs) to embed its technology into a wider range of industrial vehicles. For fiscal year 2025, the company reported revenues of $66.4 million, a 9% increase from the previous year.

Flux Power’s core product offering consists of a range of UL Listed lithium-ion battery packs, including the LiFT Pack series for Class I, II, and III forklifts and GSE packs for airport equipment like luggage tugs and belt loaders. These packs are engineered with Lithium Iron Phosphate (LiFePO4) chemistry, noted for its safety and stability. The key differentiator for Flux Power is its proprietary Battery Management System (BMS), which provides intelligent cell balancing, temperature monitoring, and real-time data on battery health and status. This technology is paired with the SkyBMS cloud-based telematics platform, a software-as-a-service (SaaS) offering that allows fleet managers to remotely monitor and analyze battery performance, enabling predictive maintenance and optimizing operational efficiency. The combination of hardware and software aims to deliver a lower total cost of ownership compared to lead-acid batteries by extending run times, enabling fast charging, and eliminating regular maintenance.