Janus Electric Advances US Expansion Strategy

Janus Electric Advances US Expansion Strategy
ASX-listed Janus Electric has secured two California HVIP vouchers worth US$225,000 for heavy-vehicle conversions, marking a critical milestone for its North American market entry. The company's conversion system has been confirmed eligible under the California Air Resources Board's HVIP program. Additionally, Janus signed a non-binding MOU with Energy One Solutions to develop battery swap and charging infrastructure for Class 8 freight vehicles, with initial deployment targeted at the Ports of Los Angeles and Long Beach. The partnership may access grant funding through California's Trade Corridor Enhancement Program. Financially, Janus received a A$1.41 million tax refund and secured a A$2.75 million R&D finance facility, generating approximately A$1.7 million in additional working capital.