Friday, April 28, 2023

Flux Power Renews $14M Credit Facility

Vista-based Flux Power announced late Thursday evening that it has renewed a $14M credit facility that it has with First Citizens Bank, which it originally had with Silicon Valley Bank. The company did not detail the terms of that credit facility. The company said it is using that credit line for working capital requirements related to increased customer demand. Flux Power is developing lithium-ion energy storage products.