Janus Electric Raises A$7.68 Million via Private Placement to Accelerate North American Expansion and Supply Chain Development

Janus Electric’s Core Operations and Market Footprint

Janus Electric is an Australian tech company specializing in heavy vehicle electrification, delivering an integrated suite of solutions aimed at advancing the freight and logistics sector’s shift to zero-emission transport. Its offerings include a patented battery swap platform, truck conversion kits, charging infrastructure, and integrated fleet management software, collectively forming a comprehensive electrification system. This turnkey model sets Janus Electric apart in the rapidly evolving zero-emission heavy transport market, which faces growing regulatory and environmental demands globally.

The company operates manufacturing facilities on the Central Coast of New South Wales and maintains a national presence across NSW, Victoria, Queensland, South Australia, and Western Australia. Internationally, Janus Electric has active deployments in the United States and Canada, positioning it to capitalize on expanding opportunities in key markets where heavy transport electrification is critical for meeting emissions targets and improving operational efficiency.

Details of the A$7.68 Million Private Placement and Investor Confidence

Janus Electric announced firm commitments to raise approximately A$7.7 million (before costs) by issuing 32 million new fully paid ordinary shares at A$0.24 per share. The placement attracted support from leading Australian small cap institutional investors, reflecting strong confidence in the company’s growth prospects. The issue price represented a 2.04% discount to the last traded price of A$0.245 on 22 July 2026, a 14.25% discount to the 5-day volume-weighted average price of A$0.280, and a 10.07% discount to the 15-day volume-weighted average price of A$0.267.

This capital raise follows a period marked by significant commercial progress, including approximately A$55 million in new North American orders, highlighting growing demand for Janus Electric’s electrification solutions in the U.S. and Canadian markets. The placement was structured to leverage investor interest driven by this commercial traction in a strategic market.

Use of Placement Proceeds to Drive North American Expansion

Proceeds from the placement will fund supply chain and working capital needs to support scaling production and delivery. Significant investment will be directed toward infrastructure, customer support, and delivery capabilities in North America, aligning with the company’s focus on fulfilling its expanding order book in the U.S. and Canada. Market and product development initiatives will enable Janus Electric to enhance and broaden its technology offerings in response to evolving customer requirements and competitive pressures.

Additional funds will support joint venture partnerships to accelerate market penetration, alongside expansion of sales and corporate support teams. These investments are critical for scaling operations, improving sales execution, managing customer relationships, and strengthening corporate governance. Remaining proceeds will cover placement-related costs, including management and advisory fees.

Executive Insights on the Capital Raise and Strategic Vision

CEO and Managing Director Ben Hutt expressed satisfaction with the strong investor backing, stating the capital will enable the next phase of growth focused on the North American market. He highlighted that the funds will facilitate customer deployments, expand dealer-led conversion models, secure battery supply, and build the necessary systems and capabilities for operational scaling. This underscores management’s emphasis on execution and supply chain robustness as key to future success.

Hutt also emphasized Janus Electric’s identity as an Australian technology company committed to zero-emission heavy transport, leveraging Australia’s innovation strengths as a competitive advantage globally. He welcomed new investors and thanked existing shareholders, reinforcing a commitment to shareholder value through strategic growth investments despite dilution concerns.

Placement Structure and Compliance with ASX Listing Rules

The 32 million new shares issued rank equally with existing fully paid ordinary shares, conferring identical dividend, voting, and capital rights. The placement was completed in one tranche, utilizing the company’s placement capacity under ASX Listing Rules 7.1 and 7.1A, with 17,377,483 shares issued under Rule 7.1 and 14,622,517 shares under Rule 7.1A. This approach allows capital raising beyond the standard 10% annual limit, subject to prior shareholder approval.

The placement was not underwritten but secured firm commitments, mitigating risk. Settlement was scheduled for 29 July 2026, with allotment and trading resumption on 30 July 2026. A trading halt was lifted following the announcement, consistent with standard market practices.

Extension of Research and Development Finance Facility

Separately, Janus Electric renegotiated its research and development finance facility with Rockford RDF Pty Ltd, originally announced on 9 March 2026. The repayment term was extended from 30 April 2027 to 31 August 2026, aligning repayment with the company’s cash flow and growth plans. All other terms remain unchanged.

As consideration, Janus Electric will issue 333,333 fully paid ordinary shares to Rockford at A$0.15 per share, totaling A$50,000. This equity issuance compensates the lender for the extension and was completed under the company’s placement capacity without requiring shareholder approval. The extension underscores the company’s commitment to sustaining R&D funding to advance its electrification technology.

Placement Management and Fees

Curran & Co Pty Ltd served as Lead Manager and Sole Bookrunner, overseeing institutional marketing and commitment management. Lynx Advisors Pty Ltd acted as Co-Manager, supporting marketing and investor engagement. The Lead Manager’s fee is 6% of gross placement proceeds plus GST, amounting to approximately A$462,000 before GST based on the A$7.7 million raise, reflecting standard fees for institutional placements in Australia.

Settlement Timeline and Share Trading Resumption

Settlement was planned for 29 July 2026, with share allotment and normal trading commencing on 30 July 2026. The company’s existing securities resumed trading on the ASX following the announcement, ending the trading halt period. This timeline aligns with typical Australian institutional placement protocols.

Strategic Impact of the Capital Raise for Investors

The A$7.68 million capital raise demonstrates management’s confidence in effectively deploying funds to support North American growth and operational scaling. Strong institutional backing and A$55 million in new North American orders indicate substantial growth potential in Janus Electric’s market for zero-emission heavy vehicle solutions. The focus on supply chain, infrastructure, and sales expansion highlights management’s prioritization of operational capabilities to fulfill the order book and capture further opportunities.

Investors will monitor the company’s execution on the use of proceeds, particularly in establishing North American infrastructure and advancing customer deployments in the U.S. and Canada. The dealer-led conversion model suggests a scalable market approach leveraging local networks, potentially enabling rapid penetration without proportional fixed cost increases. Future updates on deployments, battery supply, and dealer partnerships will be key indicators of capital deployment success.

Market Drivers and Competitive Landscape in Zero-Emission Transport

This capital raise occurs amid accelerating global demand for zero-emission transport solutions driven by regulatory mandates, corporate sustainability goals, and rising fuel and compliance expenses. Heavy vehicle electrification is vital for the freight and logistics sector, which contributes significantly to transport emissions and operational costs. Janus Electric’s patented battery swap platform and integrated fleet management software address critical challenges in heavy vehicle electrification, such as rapid charging and battery exchange to maintain fleet productivity.

The company’s North American focus reflects the significant opportunity in U.S. and Canadian freight sectors, where electrification regulations are tightening at state and provincial levels. The Central Coast production facility supports both domestic and international operations, potentially offering cost advantages if scaled effectively. However, competition includes established automotive manufacturers and emerging tech firms, requiring Janus Electric to continuously differentiate through technology, cost efficiency, and service quality to sustain its competitive edge.