The transport industry is staring down the biggest shift in its history—the transition to net-zero trucking. While passenger EVs are now mainstream, heavy transport has lagged behind, stuck with diesel due to high costs, range limitations, and charging bottlenecks.
But Janus Electric is changing the game, proving that existing prime movers can be converted to electric at a fraction of the cost of buying a new electric truck.
With a first-mover advantage, strong customer demand, and proven commercial operations, Janus is now set to become the first ASX-listed heavy truck electrification company via an acquisition by ReNu Energy (ASX: RNE).
Electrifying Heavy Transport—Without the Roadblocks
The trucking industry has struggled with three major hurdles in adopting electric vehicles:
✅ High upfront costs – A brand-new battery-electric prime mover costs $600,000–$900,000, while a Janus conversion costs just $175,000. Payback is achieved in 1.5–2 years.
✅ Range limitations – Traditional BEVs require multi-hour charging stops, making long-haul transport unviable. Janus’ battery swap model eliminates this issue, enabling a 4-minute battery swap instead of a 3-hour charge.
✅ Charging infrastructure bottlenecks – Janus’ Charge and Change Stations ensure trucks spend more time on the road and less time off it, reducing fleet downtime.
With 23 trucks already converted, 1,750 battery swaps completed, and over 200,000km travelled, the model has already been proven in real-world operations.
A Unique Business Model With Recurring Revenue Streams
Unlike traditional EV models that rely purely on truck sales, Janus generates multiple revenue streams, including:
- Truck conversions – Customers pay $175,000 per truck to enter the Janus ecosystem.
- Battery leasing & energy trading – Operators pay $95,000 per truck per year, ensuring long-term, high-margin revenue.
- Charging infrastructure & grid support – As more stations are deployed, Janus will also sell and manage energy at scale.
A Market-Ready Solution With Blue-Chip Customers
Janus already has 147 confirmed truck orders, with Tier 1 customers including:
- Qube (ASX: QUB, $7bn market cap)
- Cement Australia
- Fennell Forestry
Discussions are also underway with mining giants Fortescue, BHP, and Rio Tinto, alongside major logistics players and a large Chinese transport group.
Global Expansion Potential & ASX Listing Plans
With over 100,000 diesel trucks in Australia, Janus is targeting 10% conversion by 2034—but the real opportunity is overseas. The US market is 40 times larger, making international expansion a natural next step.
To scale its operations, Janus is set to be acquired by ReNu Energy (ASX: RNE), which will be renamed Janus Electric Holdings Limited (ASX: JNS). This will provide the capital and public market platform needed to accelerate fleet adoption and infrastructure deployment.
The Road Ahead
As the pressure to decarbonise heavy transport ramps up, companies like Janus are in the right place at the right time. Its model solves the cost, infrastructure, and operational issues holding back EV adoption in trucking—and the customers are already lining up.
Electrification isn’t just coming—it’s here. And Janus Electric is leading the charge.
