Janus Electric Secures $8.8M to Revolutionize Heavy Transport Electrification with Rapid-Swap Battery Technology

Janus Electric, a global game-changer in heavy transport electrification, is thrilled to announce a funding success of US$8,800,000—a milestone that will accelerate our mission to revolutionize the future of commercial transport. This funding injection underscores the confidence investors have in our pioneering approach, which separates the battery from the electric vehicle and offers a breakthrough pay-as-you-go model. Our innovative Exchangeable Batteries are strategically designed to overcome prevalent challenges within the BEV arena, such as high upfront costs, range anxiety, prolonged charging periods, and the need for extensive grid connectivity. With our revolutionary swappable battery technology, a seamless 4-minute swap replaces the multiple hours typically required for a traditional EV truck charge, significantly reducing downtime and propelling operational efficiency. Headquartered in Australia and proudly manufactured locally, Janus Electric leverages home-grown expertise to deliver compelling benefits that include converting existing diesel trucks to BEVs—eliminating the need for fleet operators to invest in all-new electric trucks. Our technology not only cuts operational costs by up to $0.20 per km and offers a payback period as short as eight months, but it also plays a pivotal role in the decarbonization of the transport sector. With already 23 converted trucks from major operators like Cement Australia and Qube, this latest round of funding will be directed towards scaling manufacturing capabilities, intensifying research and development efforts, and expanding our global market reach. By continuing to push the boundaries of sustainable transport, Janus Electric is positioned to lead the charge toward zero-emission heavy transport solutions worldwide.