Electrovaya to Supply Batteries to Janus Electric for Diesel-To-Electric Conversions

Battery supplier Electrovaya has entered into a strategic supply agreement with Janus Electric Holdings, an Australian developer specializing in diesel-to-electric conversion and battery-swapping systems for Class 8 heavy-duty trucks.

What Happened

Under the agreement, Janus has placed approximately $26 million in initial purchase orders for Electrovaya’s battery systems to meet demand in the United States and Canada. Additionally, Electrovaya has agreed to invest approximately $1.4 million in Janus stock. The deal supports the start of Janus’s North American customer deployments, with Electrovaya expanding manufacturing capacity at its Jamestown, New York facility, which is expected to come online during the company’s 2027 fiscal year.

Why It Matters

The partnership addresses a critical component in the electrification of heavy-duty transport. Janus converts existing diesel trucks to battery-electric operation, pairing them with swappable battery packs and charging stations that allow fleets to exchange batteries in minutes. This model aims to reduce the capital expenditure required for fleets to electrify without purchasing new trucks. Approximately 600 kWh of battery capacity is installed for each truck conversion. Electrovaya’s Infinity Battery Technology is selected for its safety and long cycle life, designed to withstand the repeated daily swap cycles inherent to this business model. To date, Janus has secured orders and commitments for 118 truck conversions in the United States and Canada.

The Bottom Line

Electrovaya and Janus Electric have solidified a supply chain for Class 8 truck conversions in North America, combining $26 million in initial orders with a direct equity investment. This move supports Janus’s existing pipeline of 118 committed conversions and leverages Electrovaya’s expanding U.S. manufacturing capabilities to meet growing demand for heavy-duty electrification solutions.