Janus Electric Secures $2.75M Boost to Accelerate Zero-Emission Tech
Janus Electric has locked in a $2.75 million R&D finance facility, strengthening its cash position to push forward with its zero-emission transport innovations. This strategic funding avoids shareholder dilution while supporting ongoing technology development.
- Secured $2.75 million R&D finance facility with Rockford RDF Pty Ltd
- Refinanced existing $1.05 million loan from Rocking Horse Group
- Access to $1.7 million additional working capital ahead of $1.41 million FY25 R&D tax refund
- Facility carries 17% interest and matures by April 2027
- Funding supports zero-emission transport and battery electric conversion R&D
Strategic Funding to Propel Innovation
Janus Electric Holdings Limited (ASX:JNS) has secured a $2.75 million research and development finance facility through its subsidiary Janus Energy Pty Ltd, marking a significant step in its journey to advance zero-emission transport technologies. The facility, arranged with Rockford RDF Pty Ltd, provides the company with vital non-dilutive capital, enabling it to continue its ambitious R&D programs without issuing new shares.
The new funding package has already been deployed to refinance an existing $1.053 million loan from Rocking Horse Group, effectively consolidating Janus Electric’s debt and freeing up approximately $1.7 million in additional working capital. This liquidity boost comes at a crucial time as the company awaits its FY25 R&D Tax Incentive refund of $1.41 million from the Australian Taxation Office, expected shortly.
Terms and Strategic Implications
The facility carries an interest rate of 17% per annum and includes a 1% establishment fee, with a repayment term ranging from a minimum of 90 days to a maximum of 422 days, due no later than 30 April 2027. Repayment is structured around the receipt of the FY26 R&D Tax Incentive refund, which Janus will direct to the lender’s account to settle the facility.
Janus Electric’s board emphasises that this arrangement is a cost-effective and efficient means to fund ongoing R&D activities, particularly those focused on the development and commercialisation of its patented battery swap platform, truck conversion kits, and integrated fleet management software. These technologies underpin the company’s vision to electrify heavy vehicles and reduce emissions across Australia’s freight and logistics sectors.
Positioning for Growth in Zero-Emission Transport
Operating from its Central Coast production facility, Janus Electric services multiple states including NSW, Victoria, Queensland, South Australia, and Western Australia. The company’s comprehensive approach combines hardware and software solutions to deliver a turnkey electrification model, positioning it well within the growing demand for sustainable transport solutions.
By securing this funding, Janus Electric not only strengthens its near-term liquidity but also preserves shareholder value by avoiding equity dilution. The move signals confidence in the company’s technology roadmap and its potential to capture a meaningful share of the zero-emission heavy vehicle market.
Bottom Line?
Janus Electric’s latest funding deal sets the stage for accelerated innovation, but the cost of capital and timing of tax refunds will be key to watch.
Questions in the middle?
- When exactly will the FY26 R&D Tax Incentive refund be received and how might delays impact liquidity?
- How will the 17% interest rate affect Janus Electric’s profitability and cash flow in the near term?
- What milestones or commercial partnerships are expected next to validate the company’s zero-emission technology roadmap?
