Janus Electric has secured a repeat A$3.1 million order from California operator King Fio Trucking, lifting its North American order book to 124 trucks. The expansion reuses existing charging and battery-swapping infrastructure, but remains conditional on California incentive approval.
- A$3.1 million repeat order for six Class 8 truck conversions
- King Fio’s total commitment rises to 12 trucks
- North American order book reaches 124 trucks worth about A$64.6 million gross
- Six additional vehicles will use existing charging and battery-swapping infrastructure
- Order depends on California incentive eligibility, funding and approval
King Fio doubles its Janus truck commitment
Janus Electric Holdings Limited (ASX:JNS) has added another six heavy electric trucks to its North American pipeline after existing customer King Fio Trucking placed a repeat order worth about A$3.1 million. The California operator will take six Class 8 diesel-to-electric conversions and six JBS-650 swappable battery sets, lifting its total commitment to 12 trucks and 14 battery sets.
The order takes Janus’ reported North American order book to 124 trucks, with a combined gross contract value of approximately A$64.6 million. It is also expected to add recurring subscription revenue as the vehicles are delivered, although Janus has not disclosed the value or timing of those subscriptions.
Existing infrastructure gives the repeat order leverage
The additional trucks are intended to use the charging and battery-swapping equipment included in King Fio’s original order. That installation comprises a Janus Charge and Change Station with two 250-kilowatt chargers, meaning the six extra vehicles will not require a second charging station under the company’s current plan.
That infrastructure reuse is the clearest commercial feature of the announcement: the fleet can expand without duplicating the site’s charging equipment. The order arrives as Janus prepares to execute its North American delivery funding, with the earlier announcement outlining A$11 million of Commonwealth Bank facilities for working capital, equipment and production expansion.
California incentives remain a condition
The repeat order is not unconditional. Janus said fulfilment depends on approval of applicable California incentives, with eligibility, funding availability and due diligence also relevant. The programs could provide King Fio with up to US$1.6 million for the six additional trucks, subject to those approvals.
Janus expects to fulfil the order through US conversion partner Electric Vehicle Choice in Santa Fe Springs, California. It also said it is working with supply-chain partners to establish facilities capable of converting the previously announced North American order book by early Q4 FY2027, making conversion capacity and delivery execution the next practical tests for the headline order value.
US deliveries set an immediate execution test
Janus expects 18 operational trucks to be delivered in Los Angeles before 31 December, including the first six King Fio vehicles, four for Ability Tri-Modal and six for Tradelink. If achieved, that would bring the company’s operational vehicle total to 46 across the US and Australia. Those delivery targets are forward-looking and the announcement cautions that actual outcomes may differ.
King Fio operates container transport services around the Ports of Los Angeles and Long Beach, where its fleet of about 30 trucks serves terminals across the Southern California logistics network. The customer’s decision to expand is a useful commercial signal for Janus, but the more consequential evidence will come from approved incentives, completed conversions and the point at which subscription revenue begins to appear.
Bottom Line?
The order improves Janus’ North American commercial profile, but its value still needs to pass through incentive approval, conversion capacity and delivery execution.
Questions in the middle?
- Will California incentive approvals arrive in time to convert the conditional order into a firm delivery program?
- Can Electric Vehicle Choice and Janus’ wider supply chain deliver the targeted US truck volumes on schedule?
- How much recurring subscription revenue will the expanded King Fio fleet contribute once the trucks are operational?