Proactive - Interviews for investors

Janus Electric advances North American expansion; order book reaches 45 conversions

Episode Summary

Janus Electric Holdings Ltd CEO and managing director Ben Hutt talked with Proactive about the company’s approximately A$10 million repeat order from existing US customer Ability Tri-Modal and the continued expansion of its North American operations. The order covers a further 16 diesel-to-electric truck conversion kits and 18 swappable battery sets, together with contracted recurring revenue. It increases Ability Tri-Modal’s total commitment from four trucks to 20 and lifts Janus Electric’s contracted North American order book to 45 conversions. Hutt said the repeat commitment demonstrated growing customer confidence in the Janus Electric platform and reflected the company’s sustained work with North American fleet operators, infrastructure providers and local partners. Janus now has 20 conversions contracted in the United States and a staged 25-truck commercial program in Canada. Hutt also discussed a potential 50-truck pilot in Texas, engagement with the Harbor Trucking Association and the scale of the opportunity presented by port transport operations in California. According to Hutt, supportive zero-emission transport policies, particularly in California and Canada, are helping drive interest in electric heavy vehicles. He said the Janus model allowed fleet operators to retain preferred truck brands while converting existing diesel vehicles to electric power. The company is also selecting preferred financing partners, developing its local North American operating model and preparing its supply chain to deliver the expanding order book. Hutt said the focus was shifting firmly towards production, delivery, maintenance and reliability, with Janus targeting 75 trucks on the road before Christmas and around 150 by the middle of the following year. Visit Proactive’s YouTube channel for more company interviews and market updates. Please give the video a like, subscribe to the channel and enable notifications for future content.