Flux Power Appoints Veteran Technology Leader Krishna Vanka as Chief Executive Officer
Flux Power Holdings (NASDAQ: FLUX) has appointed Krishna Vanka as its new Chief Executive Officer, effective March 10, 2025. Vanka succeeds Ron Dutt, who had previously announced his planned retirement.
Vanka brings 18 years of experience in technology leadership, particularly in renewable energy, EV transition, fleet management, and telematics. He most recently served as CEO of Fluence Digital, part of Fluence Energy, where he managed recurring revenue businesses including battery energy storage solutions (BESS) and professional services.
His prior leadership roles include positions at InCharge Energy, MyShoperoo, and Telogis. Dale Robinette, Lead Director of Flux Power, expressed confidence in Vanka's ability to lead the company into its next growth phase, citing his experience and industry relationships with Fortune 500 companies.
Flux Power Holdings (NASDAQ: FLUX) ha nominato Krishna Vanka come nuovo Amministratore Delegato, con effetto dal 10 marzo 2025. Vanka succede a Ron Dutt, che aveva precedentemente annunciato il suo previsto pensionamento.
Vanka porta con sé 18 anni di esperienza nella leadership tecnologica, in particolare nel settore delle energie rinnovabili, nella transizione verso i veicoli elettrici, nella gestione delle flotte e nella telematica. Recentemente ha ricoperto il ruolo di CEO di Fluence Digital, parte di Fluence Energy, dove ha gestito attività di ricavi ricorrenti, inclusi soluzioni di stoccaggio energetico a batteria (BESS) e servizi professionali.
Le sue precedenti esperienze di leadership includono posizioni presso InCharge Energy, MyShoperoo e Telogis. Dale Robinette, Direttore Principale di Flux Power, ha espresso fiducia nella capacità di Vanka di guidare l'azienda verso la sua prossima fase di crescita, citando la sua esperienza e le relazioni nel settore con le aziende Fortune 500.
Flux Power Holdings (NASDAQ: FLUX) ha nombrado a Krishna Vanka como su nuevo Director Ejecutivo, con efecto a partir del 10 de marzo de 2025. Vanka sucede a Ron Dutt, quien había anunciado previamente su intención de jubilarse.
Vanka aporta 18 años de experiencia en liderazgo tecnológico, especialmente en energía renovable, transición a vehículos eléctricos, gestión de flotas y telemática. Recientemente se desempeñó como CEO de Fluence Digital, parte de Fluence Energy, donde gestionó negocios de ingresos recurrentes, incluyendo soluciones de almacenamiento de energía en baterías (BESS) y servicios profesionales.
Sus roles anteriores de liderazgo incluyen posiciones en InCharge Energy, MyShoperoo y Telogis. Dale Robinette, Director Principal de Flux Power, expresó confianza en la capacidad de Vanka para liderar la empresa hacia su próxima fase de crecimiento, citando su experiencia y relaciones en la industria con empresas Fortune 500.
플럭스 파워 홀딩스 (NASDAQ: FLUX)는 크리슈나 반카를 새로운 CEO로 임명했으며, 이는 2025년 3월 10일부터 효력이 발생합니다. 반카는 이전에 은퇴를 발표한 론 더트의 후임입니다.
반카는 재생 에너지, 전기차 전환, 차량 관리 및 텔레매틱스 분야에서 18년의 경력을 가지고 있습니다. 그는 최근 플루언스 에너지의 일부인 플루언스 디지털의 CEO로 재직하며 배터리 에너지 저장 솔루션(BESS) 및 전문 서비스와 같은 반복 수익 비즈니스를 관리했습니다.
그의 이전 리더십 역할에는 인차지 에너지, 마이쇼퍼루 및 텔로지스에서의 직책이 포함됩니다. 플럭스 파워의 수석 이사인 데일 로비넷은 반카가 Fortune 500 기업과의 경험 및 산업 관계를 바탕으로 회사를 다음 성장 단계로 이끌 수 있는 능력에 대한 신뢰를 표명했습니다.
Flux Power Holdings (NASDAQ: FLUX) a nommé Krishna Vanka comme nouveau Directeur Général, à compter du 10 mars 2025. Vanka succède à Ron Dutt, qui avait précédemment annoncé son intention de prendre sa retraite.
Vanka apporte 18 ans d'expérience dans le leadership technologique, en particulier dans les énergies renouvelables, la transition vers les véhicules électriques, la gestion de flotte et la télématique. Il a récemment été PDG de Fluence Digital, une filiale de Fluence Energy, où il a géré des activités de revenus récurrents, y compris des solutions de stockage d'énergie par batterie (BESS) et des services professionnels.
Ses précédents rôles de leadership incluent des postes chez InCharge Energy, MyShoperoo et Telogis. Dale Robinette, Directeur Principal de Flux Power, a exprimé sa confiance dans la capacité de Vanka à diriger l'entreprise vers sa prochaine phase de croissance, en citant son expérience et ses relations dans l'industrie avec des entreprises du Fortune 500.
Flux Power Holdings (NASDAQ: FLUX) hat Krishna Vanka als neuen Geschäftsführer ernannt, der am 10. März 2025 seine Tätigkeit aufnehmen wird. Vanka folgt auf Ron Dutt, der zuvor seinen geplanten Ruhestand angekündigt hatte.
Vanka bringt 18 Jahre Erfahrung in der technologischen Führung mit, insbesondere im Bereich erneuerbare Energien, Übergang zu Elektrofahrzeugen, Flottenmanagement und Telematik. Zuletzt war er CEO von Fluence Digital, einem Teil von Fluence Energy, wo er wiederkehrende Einnahmequellen wie Lösungen zur Energiespeicherung in Batterien (BESS) und professionelle Dienstleistungen leitete.
Seine vorherigen Führungspositionen umfassten Tätigkeiten bei InCharge Energy, MyShoperoo und Telogis. Dale Robinette, Hauptdirektor von Flux Power, äußerte Vertrauen in Vankas Fähigkeit, das Unternehmen in die nächste Wachstumsphase zu führen, und verwies auf seine Erfahrung und Branchenbeziehungen zu Fortune 500-Unternehmen.
- Appointment of experienced CEO with 18 years of relevant industry expertise
- New CEO brings direct experience in battery storage solutions and recurring revenue business models
- Strong background in scaling technology companies and operational excellence
- Extensive industry relationships with Fortune 500 companies
- None.
New CEO Brings 18 Years of Expertise in Renewable Energy, EV Transition, Fleet Management and Telematics with a Vision to Accelerate the Company’s Growth, Innovation and Scale
Mr. Vanka is an accomplished executive leader with over 18 years’ experience in building, scaling, managing, and transforming technology companies in sectors such as renewable energy, electric vehicle charging, internet of things (IoT), fleet and asset management, and telematics. He most recently was CEO of Fluence Digital, a part of Fluence Energy, a Nasdaq listed global market leader in energy storage. At Fluence Digital, he was responsible for driving scalable growth, general management, strategic leadership and operational excellence of Fluence’s recurring revenue businesses, including all of its battery energy storage solutions (BESS) and professional services. Prior to Fluence Digital, Mr. Vanka held leadership positions at InCharge Energy, a high-growth firm with solutions for EV Fleet Charging; MyShoperoo, Inc., a digital on-demand platform including optimizing ordering engine; and Telogis, Inc., SaaS location-based applications to manage and optimize mobile resources used by fleet owners and drivers.
“Krishna brings an incredible track record of success, with the experience and industry relationships necessary to lead Flux Power to its next stage of growth by providing leading technology, products and services to Fortune 500 companies with large and distributed operations,” said Dale Robinette, Lead Director of Flux Power. “Following a thorough and thoughtful search process by the Board, I am pleased to announce such a well-qualified leader who can continue our momentum by growing the business into a profitable industry leader in advanced energy solutions. We are confident Krishna is the right person to lead Flux Power forward as it advances its initiatives to create exceptional value for our customers and shareholders.”
Vanka added, “I am thrilled to join Flux Power at this critical juncture of this industry and with all the great foundation built by Ron and the team, we will accelerate our mission of delivering industry leading lithium-ion energy storage solutions. As part of the diligence process, I evaluated the company’s overall potential, as well as the underlying ingredients - talent, technology, customer base, and vision- to make my decision. I can confidently say that we have the right technology at the right time, with the right people, to scale and build Flux Power into a market leader in this space. I look forward to working with the board and this talented team to build and execute the strategy that will drive our company forward.”
About Flux Power Holdings, Inc.
Flux Power (NASDAQ: FLUX) designs, manufactures, and sells advanced lithium-ion energy storage solutions for electrification of a range of industrial and commercial sectors including material handling, airport ground support equipment (GSE), and stationary energy storage. Flux Power’s lithium-ion battery packs, including the proprietary battery management system (BMS) and telemetry, provide customers with a better performing, lower cost of ownership, and more environmentally friendly alternative, in many instances, to traditional lead acid and propane-based solutions. Lithium-ion battery packs reduce CO2 emissions and help improve sustainability and ESG metrics for fleets. For more information, please visit www.fluxpower.com.
Forward-Looking Statements
This release contains projections and other "forward-looking statements" relating to Flux Power’s business, that are often identified using "believes," "expects" or similar expressions. Forward-looking statements involve several estimates, assumptions, risks, and other uncertainties that may cause actual results to be materially different from those anticipated, believed, estimated, expected, etc. Accordingly, statements are not guarantees of future results. Some of the important factors that could cause Flux Power’s actual results to differ materially from those projected in any such forward-looking statements include, but are not limited to: risks and uncertainties, related to Flux Power’s business, results and financial condition; plans and expectations with respect to access to capital and outstanding indebtedness; Flux Power’s ability to comply with the terms of the existing credit facilities to obtain the necessary capital from such credit facilities; Flux Power’s ability to raise capital; Flux Power’s ability to continue as a going concern. Flux Power’s ability to obtain raw materials and other supplies for its products at competitive prices and on a timely basis, particularly in light of the potential impact of the COVID-19 pandemic on its suppliers and supply chain; the development and success of new products, projected sales, cancellation of purchase orders, deferral of shipments, Flux Power’s ability to improve its gross margins, or achieve breakeven cash flow or profitability, Flux Power’s ability to fulfill backlog orders or realize profit from the contracts reflected in backlog sale; Flux Power’s ability to fulfill backlog orders due to changes in orders reflected in backlog sales, Flux Power’s ability to obtain the necessary funds under the credit facilities, Flux Power’s ability to timely obtain UL Listing for its products, Flux Power’s ability to fund its operations, distribution partnerships and business opportunities and the uncertainties of customer acceptance and purchase of current and new products, and changes in pricing. Actual results could differ from those projected due to numerous factors and uncertainties. Although Flux Power believes that the expectations, opinions, projections, and comments reflected in these forward-looking statements are reasonable, they can give no assurance that such statements will prove to be correct, and that the Flux Power’s actual results of operations, financial condition and performance will not differ materially from the results of operations, financial condition and performance reflected or implied by these forward-looking statements. Undue reliance should not be placed on the forward-looking statements and Investors should refer to the risk factors outlined in our Form 10-K, 10-Q and other reports filed with the SEC and available at www.sec.gov/edgar. These forward-looking statements are made as of the date of this news release, and Flux Power assumes no obligation to update these statements or the reasons why actual results could differ from those projected.
Flux, Flux Power, and associated logos are trademarks of Flux Power Holdings, Inc. All other third-party brands, products, trademarks, or registered marks are the property of and used to identify the products or services of their respective owners.
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Source: Flux Power Holdings, Inc.
FAQ
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