Electrovaya and Janus Electric partner for heavy-duty truck electrification

Electrovaya has entered into a strategic supply agreement with Janus Electric Holdings Limited to support the diesel-to-electric conversion of Class 8 heavy-duty trucks. As part of the partnership, Janus has issued a $26 million purchase order for Electrovaya’s lithium-ion battery systems to meet initial demand in the United States and Canada.

Electrovaya is also investing $1.4 million into Janus in exchange for up to 4.2 million shares and 6.3 million warrants. This collaboration is linked to Electrovaya’s Ellicott gigafactory, which is expanding North American manufacturing capacity for lithium-ion cells, modules, and battery packs, with operations expected to come online during the 2027 fiscal year.

Janus Electric reported a strengthened financial position for the quarter ending September, following a $7.68 million share placement in July. The company is preparing for its first North American customer deployments, having already made payments to Electrovaya for customized battery packs produced in North America.