Janus Electric just signed a chunky deal with a company called EVUNI, who operate in sub-Saharan Africa. Two big things came out of it:

1. Investment: EVUNI is putting $5m into Janus, split into two parts. $3.5m now (expected by early October) and $1.5m by March next year if things go to plan.
2. Exclusive Deal: EVUNI gets the rights to sell Janus tech (truck conversions, battery swap stations, etc.) across sub-Saharan Africa for at least 5 years (with an option to extend). They’ve agreed to buy a minimum of 100 units by June 2026 and then 250 units every year after that.

Why’s the market excited?

• It’s real money in the door (not just “talks” or “letters of intent”).
• It opens a whole new market for Janus outside Australia, and EVUNI already has infrastructure projects underway to support it.
• There are locked-in minimum order quantities, which gives Janus some forward sales certainty - that’s rare for a small cap.

The 27% share price jump makes sense - this is probably the most concrete growth pathway Janus has announced to date.

Is it significant? Yeah, very. It’s not just a cash injection, it’s proof of demand plus a long-term partnership in a region with massive mining/logistics needs (perfect for heavy electric trucks). Of course, execution is still key - they’ve got to deliver the trucks and tech on time. But the market clearly sees this as a turning point.

Janus Electric has just landed its first proper deal in the US. A company in Southern California called Ability Trimodal has put down a deposit for two big trucks to be converted with Janus’ battery swap system, plus they’re setting up a swap station with solar power at their depot near the ports of LA and Long Beach.

The deal’s worth about $1.25 million, so not massive dollars yet, but the big thing is it’s Janus’ first crack at the US market. The pilot will show if the system really works for port freight runs, which are perfect for battery swapping because the trucks just go back and forth all day. If it goes well, it could open the door to a whole bunch more conversions and stations.

So is it significant? For Janus, yeah, it’s huge as a beachhead into the States. For the market today, maybe not game-changing straight away because it’s only two trucks. But if they prove it works, it could snowball into something pretty big.

Janus Electric has just signed an MOU with a company called EVUNI out of Singapore. Basically, EVUNI wants to take Janus’ truck conversion tech into Africa and be their exclusive distributor there.

The deal says Janus will supply at least 250 electric drivetrain conversion kits per year for 5 years (with a 5-year extension option). In return, EVUNI will chip in $5 million in equity (buying shares at 20c each), split into $3.5m when they sign the binding agreement, and another $1.5m once the first trucks are actually delivered in Africa.

Why Africa? EVUNI is tied into the mining and logistics game over there (think manganese fields, ports, and big trucks hauling stuff), so there’s a real use case.

Is it significant?

Yeah, it is. It’s only an MOU right now (so not locked in), but it’s a pretty decent validation step for Janus. They get a potential cash injection, plus access to a big new market overseas. It also shows someone outside Australia reckons their tech is worth a crack. The catch is they still need to finalise the proper agreement, so it’s not money in the bank yet.

In plain terms:

• Janus is trying to go global, and this is their first real African play.
• Could mean 250+ trucks a year, which is big scale for them.
• The $5m funding helps their balance sheet too.

So... promising news, but it’s “wait and see” until they ink the binding contract.

Janus Electric - June Quarter Update

Alright, here’s the gist of Janus Electric’s latest update:

They’ve relisted on the ASX, raised $8.8 million, and are back in business converting diesel trucks to electric using their swappable battery tech. They're pushing hard to scale operations and reckon they're sitting on a huge market with growing interest.

• Conversions are ticking along: They’ve done 19 trucks so far, with bookings full for the next quarter. Targeting 24 trucks by September.
• Just signed a battery deal with Electrovaya, giving them access to better, lighter batteries with longer life - big tick.
• Launched a digital platform that helps customers crunch the numbers on cost/benefit of going electric - getting good feedback.
• Cement Australia is one of their key customers, already running converted trucks.
• They’ve moved into a bigger facility to speed things up.
• Their goal? Electrify 800 trucks (1% of the market) at ~$175k a pop. That’s a decent growth runway.

Financially:

• Cash in bank: $4 million, so they're reasonably funded for now.
• Still burning cash, but that’s expected while ramping up.
• They've also sold off their hydrogen business to focus purely on electrification.

Also worth noting:

• Made the AFR Sustainability Leaders list - nice bit of credibility.
• Cleaned up their old company structure (name change, board changes, etc.).
• Still holding investments in a few clean-tech startups, which could turn into future cash or partnerships.

Verdict?

Good news overall. They're making real progress, have raised solid funds, got some runs on the board with actual trucks on the road, and a clear plan. Execution is key now, but it’s a strong start post-relisting. One to watch if you’re into clean transport or Aussie innovation plays.

ASX Announcement 8/7/25

Janus Electric just locked in a big deal with a North American battery company called Electrovaya. They make super safe and long-lasting lithium ion batteries. Janus is now stopping their own battery pack production and getting Electrovaya to supply the batteries for their electric truck systems. This should make things quicker, more reliable, and easier to scale.

The new batteries are lighter by about 500 kilograms which means trucks can carry more. They last much longer with a life of up to 20 years compared to the old ones which were around 8. They also give trucks a bit more range and have a spotless safety record. Plus, Janus can now tap into Electrovaya’s dealer and service network across Australia and North America.

Is it significant?

Yeah it is. This is a smart move that boosts Janus' credibility and helps them grow faster. It also reduces the risks of doing everything in-house. If you’re backing electric transport to be the future, this kind of deal puts Janus in a stronger position to lead the way.

What Janus Electric Does

Janus Electric is all about converting big diesel trucks into electric ones. Instead of building new trucks from scratch, they take existing ones and swap out the engine for an electric drivetrain. The clever bit is their patented battery-swap system - it lets drivers pull into a station and swap batteries in under five minutes, kind of like a pit stop. That saves heaps of time compared to traditional EV charging.

They make money in two ways: one-off payments when a truck is converted, and ongoing fees through a subscription-style model - charging for battery use, energy, and access to their swap stations. Big names like Cement Australia and Qube Holdings are already on board, which gives them some credibility.

Pros

• Cool tech: Their battery-swapping system is unique and solves a real problem - charging time.
• Recurring income: The subscription model could mean stable, long-term revenue.
• Green credentials: Cuts carbon emissions and noise - which a lot of companies are now under pressure to do.
• Big market: There are over 120,000 heavy trucks in Australia, and they’ve got their eyes on international markets too.

Cons

• No revenue yet: They’re still in startup mode and recently posted a ~$17 million loss.
• Early stage: Lots of potential, but they haven’t proven it can scale or become profitable.
• Tough competition: Big dogs like Tesla, Volvo, and BYD are also in this space - and they’ve got way more money and resources.
• Adoption risk: Truck operators might go for purpose-built EVs from manufacturers instead of retrofits - especially if those come with warranties and support built in.

Janus Electric is doing some pretty cool stuff — swapping out diesel engines for electric ones and using a battery-swap system that’s way faster than charging. The idea makes sense, especially with all the pressure on big companies to cut emissions. But it’s still really early days. They haven’t made any real money yet, and there’s a fair bit of risk around whether the model will take off. Plus, they’re up against some massive global players like Tesla and Volvo, which could make things tricky.

If it all works out, it could be a game-changer. But it’s definitely more of a high-risk, long-term punt — not something to back the truck up on just yet. One to watch, or maybe nibble at if you’re into early-stage stuff with big upside (and downside) potential.