Janus Electric Holdings Ltd is accelerating its international expansion and commercialization strategy. The company secured $4.5 million through its latest capital raising. This funding round was more than twice oversubscribed and attracted new institutional investors.
Proceeds will support the commercialization of the company’s battery-swap electric truck conversion platform. Janus Electric reports a project pipeline currently valued at approximately $1 billion.
The growth strategy focuses on enabling dealers and partners to perform vehicle conversions using proprietary technology. Janus Electric launched its first South Australian conversion center in partnership with Archer Heavy Equipment.
The company is expanding its sales and commercial teams across the US, Singapore, and Australia.