Janus Electric (ASX:JNS) has entered a commercial supply agreement with Electrovaya (TSX:ELVA) for next-generation lithium-ion battery packs. The three-year deal involves both companies collaborating to develop a customised battery pack designed for Janus’ swappable battery platform. Janus Electric, with a market capitalisation of $17.55 million, is focused on delivering zero emissions solutions for the freight and logistics sector, operating across multiple Australian states. Electrovaya is focused on contributing to the prevention of climate change via supplying safe and long-lasting lithium-ion batteries.
The development cost is US$1.34 million, with fixed pricing for the initial 12 months. Janus will retain all intellectual property related to the pack design and form factor. Electrovaya’s proprietary cell technology promises key operational benefits, including a strong safety record with no reported battery-related incidents across their installed base.
The new battery packs offer an extended life of up to 14,000 cycles, potentially lasting 20 years, compared to current packs that operate at 5,000 cycles over eight years. Each battery will be 500kg lighter, increasing vehicle payload capacity. The battery packs will also feature an initial warranty of six years or 8,000 cycles, an increase from the current four-year term.
Janus Electric CEO Ian Campbell stated that the partnership with Electrovaya strengthens their battery platform by introducing a high-cycle life solution tailored to customer needs and future scaling plans. Campbell highlighted that this relationship enables them to leverage Electrovaya’s established battery dealer and service network across Australia and North America, facilitating rapid commercial deployment and dependable after-sales support. Janus will cease internal battery pack manufacturing, allowing for a faster, standardised assembly process with enhanced quality assurance.
