en.Wedoany.com Reported - Janus Electric Holdings Ltd (ASX:JNS) is accelerating the commercialization of its battery-swap electric truck conversion platform, updating the market this week on its latest progress in capital markets, operations, and international expansion. The company has strengthened its position through an oversubscribed A$4.5 million funding round, which was more than twice subscribed, gaining additional support from institutional investors and laying the foundation for executing its long-term growth strategy.
According to Managing Director and CEO Ben Hutt, Janus currently has 28 electric trucks in operation with customers across Australia, Canada, and California, while continuously upgrading existing vehicles with next-generation hardware and software. A key milestone in expanding the Australian market is the launch of the first South Australian conversion center in partnership with Archer Heavy Equipment. As part of Janus's dealer-led expansion strategy, the center is expected to initially convert approximately 50 trucks per year, with annual conversion volumes potentially increasing to between 150 and 200 trucks.
The company is also expanding its sales and commercial teams in the United States, Singapore, and Australia. International growth is a core focus, particularly in California, where policy environments and funding mechanisms are driving rapid fleet electrification. Hutt noted that in its target market segments, Janus is "the only company converting these trucks from diesel to electric." The company's strategy is to enable dealers and partners to perform conversions using Janus technology, while Janus itself focuses on product development, assembly, and supply of key components.
Janus disclosed a potential business pipeline valued at approximately A$1 billion, which continues to grow. Hutt stated that increased sales activities in the coming months are expected to convert this pipeline into more customer orders. For investors, potential catalysts include converting business opportunities into contracts, increasing dealer appointments, expanding North American operations, launching new products for additional market segments, and boosting production at facilities in Australia and California. Janus now offers customers purchase, lease, and rental options, as well as direct vehicle conversion services. Key components of the electric drivetrain for future vehicles will come with a ten-year, one-million-kilometer warranty. The company believes these initiatives help lower barriers to fleet electrification and promote the adoption of its battery-swap electric truck conversion platform.
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