AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
Highlights
- ReNu Energy to transform into electric truck tech firm
- Janus Electric acquisition includes patented battery-swap system
- Strategic $2M anchor investment to fuel growth
ReNu Energy (ASX:RNE) is steering into the electric mobility space with a transformative move—acquiring Janus Electric and rebranding as Janus Electric Holdings. This strategic shift signals ReNu's exit from the green hydrogen segment and a pivot to commercialising electric truck technology, aligning with rising global demand for zero-emission heavy transport.
The acquisition is structured as a reverse takeover, marking a new chapter for the listed company. Janus Electric, founded in 2019, has developed a proprietary system that enables electric trucks to swap batteries in under four minutes—far quicker than standard charging methods. To date, 23 electric trucks have been successfully converted using this system, and 142 binding orders are currently in the pipeline.
ReNu is raising A$8 million to A$10 million through a public offering of 40 to 50 million shares at 20 cents each. Proceeds from this capital raise will be directed towards scaling Janus' operations, including battery inventory, workshop upgrades, and expanding the national charging infrastructure network. Notably, the funding round has attracted a cornerstone investment of A$2 million from Kjøller DMCC, a private firm with expertise in fintech, logistics, and greentech across Europe and the Middle East.
This investment will not only provide financial backing but also strategic guidance as Janus looks to expand internationally. The renewed business direction also follows the divestment of ReNu’s Countrywide Hydrogen business and geothermal assets, leaving the company debt-free and focused on accelerating electrification in logistics.
ReNu shareholders approved the transaction in March, with the capital raise expected to conclude by Wednesday, 7 May. Upon completion, the company will seek re-quotation on the ASX with its rebranded identity and new focus.
The Janus Electric “Charge and Change” solution addresses one of the key barriers in freight electrification—long charging times. By enabling battery swaps in minutes, Janus significantly reduces operational downtime for heavy trucks. Major transport players like Cement Australia and Qube have already adopted the platform, underscoring its commercial potential.
This strategic redirection arrives at a time when interest in ASX dividend stocks is evolving, and companies are being revalued based on forward-looking sustainability metrics. ReNu’s rebrand and business pivot could position it favorably in broader ASX200 trends, especially as institutional investors seek exposure to clean tech in transport.
As the company transitions from hydrogen to electric mobility, this move sets the stage for ReNu—soon to be Janus Electric Holdings—to play a central role in the decarbonisation of Australia's freight sector.
