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ReNu Energy Limited ( (AU:JNS) ) just unveiled an update.
Janus Electric Holdings has secured a $2.75 million research and development finance facility for its subsidiary Janus Energy from Rockford RDF, using part of the proceeds to repay an existing $1.053 million loan. The arrangement gives the company about $1.7 million in additional working capital ahead of its FY25 R&D tax refund, with the new facility to be repaid from the FY26 incentive.
The funding provides timely, non-dilutive capital to advance Janus Electric’s zero-emission transport and battery electric conversion technologies without issuing new equity. Directors say the facility is an efficient and cost-effective way to support its technology development and commercialisation roadmap, bolstering near-term liquidity and helping sustain its push to electrify heavy freight transport in Australia.
More about ReNu Energy Limited
Janus Electric Holdings Limited is an Australian innovator in heavy vehicle electrification, providing a turnkey zero-emissions solution for the freight and logistics sector. Its offering includes a patented battery swap platform, truck conversion kits, charging infrastructure, and integrated fleet management software, supported by a Central Coast-based production facility and operations across multiple Australian states.
YTD Price Performance: 100%
Average Trading Volume: 478,115
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$12.87M
See more data about JNS stock on TipRanks’ Stock Analysis page.