Janus Electrical Holdings Ltd, an Australian pioneer within the electrification of heavy street transport, has introduced the signing of a MOU with EVUNI, it says marking a major step in advancing the corporate’s worldwide enlargement technique for the electrification of heavy transport.
Janus Electrical CEO Ian Campbell commented: “This partnership with EVUNI represents a significant milestone in our worldwide validation, alongside the demand from US fleet firm Capability Tri-Modal’s two truck order, supporting our long-term progress technique. By combining our expertise with EVUNI’s regional experience, we’re nicely positioned to ship sustainable, scalable electrification options for Africa’s heavy transport sector. The proposed $5 million funding from EVUNI will strengthen our steadiness sheet and assist the subsequent section of progress. We look ahead to progressing this collaboration and delivering worth to our shareholders.”
The MOU establishes a strategic collaboration between Janus and EVUNI to speed up the deployment of Janus’ patented electrical drivetrain expertise and battery swap techniques in Africa. Janus will present its confirmed expertise platform – together with conversion modules, battery change infrastructure, and proprietary fleet administration software program – whereas EVUNI will act because the unique licensee and distributor for the African area, liable for funding the rollout and establishing native operational capabilities.
The MOU aligns with Janus’ technique to scale its Battery and Vitality as a Service enterprise mannequin and additional it says validates the quickly evolving electrification themes internationally, demonstrating rising demand for its expertise in rising markets.
Underneath the phrases of the MOU, Janus will allocate a minimal of 250 electrical drivetrain conversion modules per 12 months to EVUNI at some stage in the preliminary five-year contract time period, with an choice to renew for an additional 5 years. The collaboration with EVUNI opens entry to important new alternatives within the African logistics and mining sectors, leveraging each events’ experience and networks. Each events will collaborate to adapt the expertise for native necessities, safe needed regulatory approvals, and pursue related authorities grants and incentives. The MOU additionally outlines the framework for future binding agreements, together with detailed industrial phrases and repair preparations, to be finalised in subsequent documentation.
The settlement contemplates a principal funding by EVUNI of as much as A$5 million in Janus Electrical, structured in tranches linked to the execution of a binding Distribution and Licence Settlement and the supply of expertise to the area. EVUNI will purchase as much as 25,000,000 Atypical Shares in Janus Electrical at a value of A$0.20 per share, representing a complete principal funding of as much as A$5,000,000.
Headquartered in Singapore, EVUNI is a pioneering funding agency targeted on electro mobility and fleet administration principally within the Sub-Sahara area, with initiatives that embrace the Worldwide Minerals Alternate Hub (IMX Hub) that can present electrification between the Kalahari Manganese Subject that holds 80% of world manganese reserves and the deep-water port of Ngqura.
The answer might be powered by Infinite Energy’s zero carbon electrical energy manufacturing that features electro-fuel stations and an Electro Modular Truck (EMT) conversion answer for fleet house owners with a Battery-as-a-Service (BAAS) mannequin.
EVUNI’s options embrace a partnership with Rondebult Development, to affect their options providing together with the conversion of mining vans. EVUNI is 50% owned by Pronexus, a Enterprise Funding firm that supplied US$12 million via funding and finance and can set up a green-bond construction for venture finance.
EVUNI’s CEO Hans de Villiers commented: “Janus Electrical’s expertise is transformative for the heavy-duty transportation business. With electro refuelling in underneath 5 minutes, powered by Infinite Energy’s, zero carbon, zero waste, baseload power, it can rework the transportation business inside sub-Saharan Africa.”
The subsequent section will contain negotiation and execution of definitive long-form agreements, with administration anticipating to finalise the Distribution and Licence Settlement by the tip of September 2025. The preliminary funding tranche of A$3.5 million by EVUNI might be triggered upon execution of the settlement, with subsequent funding linked to supply milestones. Notably, the second funding tranche of AUD $1.5 million might be triggered upon the primary supply of Janus Conversion Modules to the African area.
As soon as the settlement is executed and the preliminary funding acquired, Janus will begin engineering adaptation of its expertise for native necessities. EVUNI will verify annual orders for the minimal allocation of 250 conversion modules with supply scheduled throughout the following 12 months. The contract could have an preliminary time period of 5 years, with an choice to renew for an additional 5 years until cancelled by mutual settlement. Binding commitments might be topic to the finalisation of those agreements.
