Janus Electric reports strong progress in truck conversions and US export orders while navigating a delay in expected EVUNI investment funding, secured by interim asset-backed financing.
- Completion of Cement Australia’s 8th truck conversion and progress on two more
- Expansion of Moorebank charging station capacity to support 20 trucks
- Signed extended contract with Hayes Logistics generating $240,000 revenue
- US export orders on track with Ability Trimodal trucks to ship by year-end
- EVUNI investment delayed to Q1 2026; $0.5 million sale and leaseback secured
Operational Momentum Despite Funding Hurdles
Janus Electric Holdings Limited (ASX:JNS), a pioneer in electrifying heavy road transport in Australia, has provided a detailed update on its trading activities and funding status. The company has successfully completed Cement Australia’s eighth truck conversion, with two additional conversions over 75% complete at its facility. This steady progress underscores Janus’s growing footprint in zero-emission freight solutions.
At the Moorebank Intermodal site, Janus is expanding its charging infrastructure by relocating its 10th charging station, a quad charger capable of delivering over 6 MWh per day. This upgrade will increase the site’s capacity to support up to 20 trucks, up from the current five, signaling readiness for scaling operations.
New Contracts and Export Opportunities
Janus has secured a three-month paid contract with Hayes Logistics, which is now being extended to a 12-month agreement. This contract includes a hire agreement for a converted T409 Kenworth truck operating in the greater Sydney area, utilizing the Moorebank charging station and generating an incremental $240,000 in revenue. Such partnerships highlight Janus’s growing commercial traction in local markets.
On the export front, Janus remains on track to ship two conversion kits to Ability Trimodal in the United States by the end of December 2025. This milestone is particularly significant as it represents the company’s entry into a highly regulated and competitive US market, with pilot routes planned to generate critical operational data for future fleet rollouts.
Funding Delays and Strategic Mitigation
Despite these operational advances, Janus faces a delay in receiving the first tranche of a $5 million investment from EVUNI, originally expected by mid-December 2025 but now deferred to the first quarter of 2026. EVUNI attributes the delay to internal restructuring and recent legislative changes affecting capital availability.
To bridge this funding gap, Janus has arranged a $0.5 million asset-backed sale and leaseback agreement involving ten side batteries and six charge and change stations. This short-term financing, with lease payments totaling approximately $100,000 annually, ensures uninterrupted operations while maintaining flexibility to repurchase the assets.
Looking Ahead
Janus Electric’s leadership remains optimistic, emphasizing the importance of the EVUNI investment as a catalyst for expansion into African markets and strengthening the company’s balance sheet. The company also highlights successful integration of its technology in regional operations, with trucks achieving around 350 kilometres per battery swap, demonstrating commercial viability.
An upcoming investor webinar scheduled for December 15, 2025, will provide further insights into Janus’s progress and strategic outlook, offering investors a direct line to the company’s executive team.
Bottom Line?
Janus Electric’s operational strides are promising, but the timing of EVUNI’s funding will be pivotal for its next growth phase.
Questions in the middle?
- When exactly will EVUNI’s first tranche be received, and what contingencies exist if further delays occur?
- How will the sale and leaseback arrangement impact Janus’s financial flexibility and long-term asset ownership?
- What are the prospects and timelines for Janus’s planned expansion into African markets with EVUNI?