Janus Electric secures EVUNI partnership to drive African expansion

Janus Electric Holdings Ltd has signed a Memorandum of Understanding (MoU) with EVUNI Pte Ltd, centred on a proposed A$5 million (approx. US$3.25 million) investment and the rollout of Janus’ electric drivetrain technology into Africa

Under the MoU, EVUNI will acquire up to 25 million ordinary shares at A$0.20 (approx. US$0.13) each, in staged tranches tied to binding agreements and delivery milestones. The investment is expected to bolster Janus’ balance sheet and support its international growth strategy.

The agreement also grants EVUNI exclusive rights to distribute and deploy Janus’ conversion technology across African markets. Janus has committed to supplying a minimum of 250 conversion modules annually for five years, with an option to extend for a further five years.

The partnership aims to fast-track the electrification of heavy transport fleets operating in Africa’s mining and logistics sectors, positioning Janus to expand its global footprint while enabling EVUNI to spearhead regional adoption of sustainable transport solutions.

“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,” Janus Electric CEO Ian Campbell said.

“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.

“We look forward to progressing this collaboration and delivering value to our shareholders.”

Strategic collaboration

The MoU establishes a strategic partnership for the deployment of Janus’ patented electric drivetrain conversion technology, battery swap infrastructure, and proprietary fleet management software across Africa. EVUNI will act as the exclusive distributor and licensee in the region, funding the rollout and building local operational capabilities.