Janus Electric (ASX:JNS) has entered into a commercial supply agreement with Electrovaya (TSX:ELVA) for the supply of next-generation lithium-ion battery packs to support electrification of heavy transport.
As part of the three-year deal, both companies will collaborate to develop a customised battery pack, specifically engineered to integrate with Janus’ swappable battery platform and proprietary IP.
Janus, which has a market capitalisation of $17.55 million, says the development cost totals US$1.34 million with a fixed pricing for the first 12 months. Janus will own all IP-related to pack design and form factor.
The new battery packs will include Electrovaya’s proprietary cell technology and deliver several major operational benefits, including a proven safety record with zero battery-related incidents reported across Electrovaya’s installed base.
Janus says the battery packs also have an extended life of up to 14,000 cycles with a potential 20-year asset life, compared to current packs which operate at 5,000 cycles and eight years.
Each battery will be 500kgs lighter, which increases vehicle payload capacity. The battery packs also have an initial warranty of six years or 8,000 cycles, up from the current four-year term.
Janus will cease internal battery pack manufacturing — enabling a faster, standardised assembly process with enhanced quality assurance.
CEO Ian Campbell says partnering with Electrovaya strengthens the battery platform by introducing a high-cycle life solution that slogan with the needs of customers and future scaling plans.
“Importantly, this relationship allows us to leverage Electrovaya’s established battery dealer and service network across Australia and North America, enabling rapid commercial deployment and dependable aftersales support,” Campbell says.
“This agreement removes bottlenecks in internal production, reduces operational risk, and accelerates Janus’ ability to scale our conversion, battery, and energy-as-a-service model.”
Electrovaya is focused on contributing to the prevention of climate change via supplying safe and long-lasting lithium-ion batteries.
Janus Electric is an Australian company focused on delivering zero emissions for the freight and logistics sector. The company operates across New South Wales, Victoria, Queensland, South Australia, and Western Australia.
Write to Aaliyah Rogan at Mining.com.au
Images: Electrovaya
