Janus Electric Holdings, the pioneering Australian manufacturer of electric truck conversion systems and swappable battery infrastructure, has officially commenced trading on the Australian Securities Exchange (ASX) today.
Following a successful $8.8 million capital raise, backed by a group of prominent institutional and professional investors, Janus said it is now well-funded to scale its operations, expand its battery-swapping infrastructure, and accelerate market adoption across Australia and key international markets.
“Listing on the ASX is a pivotal milestone in our journey to decarbonise heavy transport,” said Lex Forsyth, Founder and Chief Operating Officer of Janus Electric.
“We’ve demonstrated that our technology works with over 2600 battery swaps and more than 428,000 zero-emission kilometres travelled, and we’re now ready to take this Australian-made solution global.”
Janus Electric offers a transformative solution to one of the freight industry’s toughest challenges: electrifying heavy trucks without operational downtime.
Its unique battery swap technology allows operators to repower in under five minutes, eliminating long charging delays and enabling continuous operations on high- frequency freight routes.
Rather than manufacturing new electric trucks, Janus retrofits existing diesel prime movers, dramatically reducing capital costs and extending asset lifespans. The result is an estimated $0.20/km operational saving over diesel and a significant reduction in CO₂ emissions.
The path to the ASX listing for Janus, however, has not been without its share of setbacks, the most notable being a West Gate Freeway fire in November, 2023.
“Our vision is bold but achievable,” said Ian Campbell, Managing Director of Janus Electric.
“With 142 truck conversions under contract with industry leaders such as Qube, Cement Australia, and Symons Clark, and partnerships with dealers in Western Australia, South Australia and Los Angeles, Janus is well-positioned to lead the decarbonisation of one of the worlds’s most emissions-intensive industries, delivering operational savings and environmental benefits.”
Led by an experienced board and management team, including Chair Dennis Linn and Forsyth, Janus Electric is targeting the rapid deployment of its technology on domestic freight routes such as Sydney–Melbourne and Sydney–Brisbane, where thousands of trucks operate daily.
“Each Janus conversion removes the equivalent emissions of 20 cars per year, or 2,000 cars over a 10-year lifespan,” said Linn. “This is real impact, built from real innovation and proudly manufactured in New South Wales.”
The raise was anchored by Powerhouse Ventures Limited through its fund management vehicles, Northstar Impact Funds, alongside European venture capital firm Kjøller.
Anyone wanting to know more can join a live investor webinar on Friday, May 23, from 9.30am (AEST). To register, click here.