Shares of Flux Power Holdings Inc. (NASDAQ:FLUX) climbed 11% on Tuesday following the company’s announcement of a major new order from a prominent U.S. airline. The $2 million+ purchase covers 120 of Flux’s recently updated G80-420 lithium-ion battery packs, which will be delivered throughout 2025.
The batteries are slated for use in airport ground support equipment (GSE), such as belt loaders and baggage tractors. This move highlights increasing demand for Flux Power’s energy solutions as airlines ramp up efforts to modernize and electrify their operations for better efficiency and environmental performance.
The deal was facilitated through Flux Power’s distribution partner Averest, a GSE specialist. The upgraded G80-420 packs feature a modular design intended to simplify on-site servicing and reduce equipment downtime. They also come equipped with built-in telematics that offer real-time monitoring and predictive maintenance capabilities.
“This order reflects the accelerating momentum behind electrification in ground support operations,” said Krishna Vanka, CEO of Flux Power. “It’s not just about replacing legacy systems, it’s about building a new energy foundation that’s intelligent, modular, and built to evolve alongside our customers’ needs.”
Jeff Barrett, President of Averest, echoed the sentiment: “This order is a testament to what’s possible when two companies align on innovation, reliability, and long-term value. We’re excited to continue building that future, one fleet at a time.”
The contract reinforces Flux Power’s position in the electric GSE market at a time when airlines are prioritizing sustainability goals and operational intelligence, even as broader macroeconomic uncertainty continues to weigh on the transportation sector.