Janus Electric (ASX:JNS), an Australian leader in heavy road transport electrification, has provided an update on its operations and funding.
The company has completed Cement Australia’s eighth truck conversion at Moorebank, with two additional conversions over 75% finished.
Janus' 10th charging station—a quad unit increasing capacity to 6 MWh per day—is being deployed to Moorebank, allowing up to 20 trucks to operate from the site.
The company also secured a three-month paid contract with Hayes Logistics, now extended to 12 months, providing $240,000 in incremental revenue and covering a converted T409 Kenworth truck operating in Greater Sydney.
Export operations are progressing, with two Ability Trimodal kits for the US market on track for shipment by December, marking Janus’ first commercial presence in the US market.
On the funding front, the first tranche of a $5 million investment from EVUNI, initially expected in mid-December, is now anticipated in Q1 CY26, with the investor reaffirming its commitment despite delays linked to corporate restructuring and regulatory changes.
To manage cash flow, Janus has arranged a $0.5 million asset-backed sale and leaseback facility with ECF, covering 10 Janus side batteries and six charge stations.
Janus Founder & COO Lex Forsyth highlighted the ongoing operational momentum, including consistent regional truck performance of approximately 350 km per battery swap, and stressed the strategic importance of the EVUNI investment for international expansion.
At the time of reporting, Janus Electric's share price was $0.057.