Janus Electric receives firm commitments for $4.5M private placement

• Strong support from new and existing institutional investors
• Funds to support growth strategy
• Building on building sales capability

Janus Electric Holdings (ASX: JNS) has received firm commitments to raise $4.5 million through a private placement.

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The capital raising obtained strong support from new and existing institutional investors, family offices, high-net-worth investors and sophisticated and professional investors in Australia, New Zealand, Hong Kong and Singapore.

Proceeds from the placement will support Janus Electric’s growth strategy, including activating in battery supply and funding inventory for existing trucks in production and conversion kit manufacturing.

Janus is also aiming to build on its sales capability, including key hires in Australia, New Zealand, the United States and Canada.

CEO and MD, Ben Hutt, said Janus is also progressing certification of Janus Charge & Change Stations and batteries in the United States and Canada

And focusing on working capital and process systems improvements to support scaling.

“We are delighted by the support received for the Placement with bids far exceeding our capacity,” Mr Hutt said.

“The placement provides Janus Electric with additional capital to support the next stage of the Company’s growth strategy, and we are excited to partner with such a high-calibre of funds and investors on the next leg of the business’s scale.

“The funding will assist Janus Electric as we continue to progress customer deployments, expand our dealer-led conversion model, secure battery supply and build the systems and capabilities required to scale.”

Separately, Lynx Advisors will subscribe for $150,000 of new shares on the same terms as the placement.

Settlement of the placement is expected to occur on Friday, 15 May 2026.

JNS is down 3.57% to 20.3¢. Mkt cap $24.78M.

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