Janus Electric Finalises $11m Bank Facilities as R&D Tax Refund Issued
Janus Electric has finalized $11 million in banking facilities with CBA to scale its truck conversion capacity. The company is also utilizing a newly issued R&D tax refund to reduce its corporate debt balance. These financial milestones position the firm to fulfill 118 heavy vehicle conversions across North America.
Janus Electric has successfully closed an $11 million financial facility with Commonwealth Bank of Australia to accelerate production capabilities. The liquidity boost will support the scaling of heavy vehicle electrification conversions targeting the North American transport market. In addition, an inflow from a research and development tax credit will be directed toward paydown of existing corporate debt. This combined capital injection strengthens the company's balance sheet while facilitating immediate manufacturing goals. Delivering on its contract for 118 electric truck conversions remains the operational priority for the management team. The move reflects growing commercial interest in heavy transportation decarbonization technologies. Overall financial flexibility is substantially enhanced, reducing immediate capital risks for shareholders.
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