Highlights
- Janus Electric (JEV) returns to ASX with significant market activity
- Secures 142 truck conversions as part of commercial rollout
- Strategic investment led by institutional and European venture firms
Janus Electric (ASX:JEV), the innovative Australian firm focused on transforming diesel trucks into electric vehicles, made a dynamic return to the ASX following a successful capital raise of A$8.8 million. The company’s re-entry into public markets saw share prices fluctuate between 17 and 23 cents during Wednesday’s trading session, compared to the issue price of 20 cents per share.
The company specialises in retrofitting existing heavy diesel prime movers with electric battery systems—a solution that addresses both cost and sustainability concerns in the freight and logistics industry. Janus has already secured 142 truck conversion agreements and has indicated its capacity to ramp up production swiftly to meet growing demand.
According to Managing Director Ian Campbell, the company’s scalable model and growing order book set the stage for further industrial partnerships. This latest funding round saw participation from institutional investors including Powerhouse Venture and European-based Kjoller Capital, underlining international interest in electrified transport infrastructure.
Janus Electric’s market reappearance also draws attention to how non-traditional and clean-tech focused companies are increasingly becoming part of the broader Australian equity narrative. While not currently a constituent of the S&P/ASX200 index, the strong investor response reflects broader interest in high-impact innovations.
Although Janus Electric is not part of the more established ASX dividend stocks segment yet, the company’s ambitious strategy and early traction could make it one to watch for those monitoring the evolving electric transport sector.
The high level of volatility during the initial trading hours indicates market sensitivity toward early-stage clean energy firms, particularly those pioneering alternative transport solutions. As Janus continues to scale its conversion rollout and attract global funding, its progress could serve as a bellwether for the electrification of freight in Australia and beyond.