Janus Electric Holdings, the pioneering Australian manufacturer of electric truck conversion systems and swappable battery infrastructure, commenced trading on the Australian Securities Exchange (ASX) last month, marking a major milestone in the commercialisation of zero-emission transport technology.
Founder and Chief Operating Officer of Janus Electric, Lex Forsyth, says following a successful $8.8 million capital raise, backed by a group of institutional and professional investors, Janus is now well-funded to scale its operations, expand its battery-swapping infrastructure, and accelerate market adoption across Australia and key international markets. The raise was anchored by Powerhouse Ventures Limited (PVL:AX) through its fund management vehicles, Northstar Impact Funds, alongside European venture capital firm Kjøller.
“Listing on the ASX is a pivotal milestone in our journey to decarbonise heavy transport. We’ve demonstrated that our technology works with over 2,600 battery swaps and more than 428,000 zero-emission kilometres travelled, and we’re now ready to take this Australian-made solution global,” Mr Forsyth says.
Janus Electric offers a transformative solution to one of the freight industry’s toughest challenges: electrifying heavy trucks without operational downtime. Its 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, reducing capital costs and extending asset lifespans, including Fennell Forestry’s electric logging truck, the first of its kind in Australia and only the second worldwide, featured in NZ Logger magazine.
The result is an estimated $0.20/km operational saving over diesel and a significant reduction in CO₂ emissions, says Managing Director, Ian Campbell.
“Our vision is bold but achievable. 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 world’s most emissions-intensive industries, delivering operational savings and environmental benefits.”
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.”
