Janus Electric Holdings Ltd has signed a memorandum of understanding (MOU) with EVUNI Pte Ltd, marking a significant step in advancing the company’s international expansion strategy for the electrification of heavy transport.
Highlights
- Janus signs an MOU with EVUNI Pte Ltd for exclusive distribution and deployment of Janus’ technology in Africa.
- MOU provides for up to AUS$5 million principal investment by EVUNI, to be made in exchange for up to 25 million ordinary shares in Janus at a price of AUS$0.20 per share, structured in tranches linked to execution of binding agreements and delivery milestones.
- Janus to allocate a minimum of 250 electric drivetrain conversion modules per year to EVUNI for the duration of the five-year contract, with an option to renew for a further five years.
- Strategic collaboration to launch Janus’ international expansion strategy and accelerate electrification of heavy transport fleets across key African logistics and mining corridors.
Ian Campbell, Janus Electric CEO, comments
“This partnership with EVUNI represents a major milestone in our international validation, alongside the demand from US Fleet Company Ability Tri-Modal’s two truck order, supporting our long-term growth strategy. By combining our technology with EVUNI’s regional expertise, we are well positioned to deliver sustainable, scalable electrification solutions for Africa’s heavy transport sector. The proposed AUS$5 million investment from EVUNI will strengthen our balance sheet and support the next phase of growth. We look forward to progressing this collaboration and delivering value to our shareholders.”