Independent Research
Independent Research: The Future of Heavy Transport Electrification
Janus Electric is rapidly positioning itself as a high‑growth disruptor in Australia’s heavy transport sector, offering a compelling low‑capex electrification pathway through its patented swappable‑battery system and retrofit conversion model. Independent industry reporting highlights strong commercial traction, with 124 contracted truck conversions and an expanding national charge‑and‑change network—clear indicators of accelerating adoption and scalable market readiness.
As demand for cost‑efficient, zero‑emission freight solutions intensifies, research shows Janus Electric is strategically placed to capture meaningful share in one of Australia’s largest and most carbon‑intensive industries, positioning the company as a pivotal enabler of the country’s transition to a zero‑emissions transport economy
Independent Research - TRIM Capital
Janus Electric Holdings Limited (ASX: JNS) notes that Trim Capital has published a research report dated 12 February 2026 relating to the Company. The report was commissioned by the Company and prepared independently by Trim Capital. The views, assumptions and conclusions expressed in the report are those of Trim Capital and not of the Company.
This announcement does not contain any new information required to be disclosed under the Company’s continuous disclosure obligations.
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Janus Electric is rapidly emerging as a high‑growth disruptor in heavy‑vehicle electrification, offering a low‑capex retrofit solution that converts existing diesel prime movers into electric, swappable‑battery trucks—significantly reducing operating costs while extending fleet life. Independent research highlights strong commercial traction across Australia, Canada, the US, and Africa, supported by government incentives such as up to US$90,000 per truck in California and up to C$300,000 per truck in Canada. Revenue is forecast to scale sharply from A$1.7m in FY25 to A$149.9m in FY27, with potential EBITDA positivity by FY27 and a DCF‑based valuation of A$1.83 per share, indicating substantial upside from the current A$0.13 share price. With proven technology already operating on‑road, recurring revenue from its battery‑swap and charging ecosystem, and a capital‑light global dealership model, Janus Electric is positioned to become a leading enabler of zero‑emission freight transition worldwide.
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Please click on the link below to review the paper.