Janus Electric details Horizon Two growth strategy
Key points
- Janus Electric announced its Horizon Two strategy to expand across five US regions and target 650 converted trucks by the end of financial year 2028.
- Following the announcement, the Janus Electric share price was up at $0.65.
- The company is shifting from technology development to vehicle delivery while relying on incentive approvals, funding, and customer uptake.
Janus Electric (ASX:JNS) has unveiled its Horizon Two growth strategy, aiming to place more than 650 converted trucks on the road by the end of financial year 2028.
The heavy-truck electrification specialist is shifting from building its conversion technology to delivering vehicles and developing an operating footprint across North America and Australia.
"Our Horizon Two strategy marks a crucial pivot from technology development to commercial delivery across key international markets," said Janus Electric CEO Lex Forsyth.
The company plans a presence across five US regions while maintaining a contracted conversion book of 124 trucks across the United States and Canada.
The business stated that the expansion will draw on order-backed debt, asset finance, grants, strategic partners, and customer payments totalling millions in capital.
Following the announcement, the Janus Electric share price was up at $0.65.
The company previously raised $12.2 million in equity placements during 2026 alongside a $2 million investment from battery supplier Electrovaya.
Janus Electric also secured $11.0 million of Commonwealth Bank (ASX:CBA) trade and asset finance facilities to support its upcoming production and delivery milestones.
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