Electrovaya to Provide Battery Systems for Electrified Class 8 Trucks through Supply Agreement with Janus Electric
Electrovaya (NASDAQ:ELVA) has signed a Commercial Supply Agreement with Janus Electric Holdings to provide advanced Infinity high voltage lithium-ion battery systems for Class 8 trucks in Australia and US markets. The partnership aims to transform diesel-powered heavy transport vehicles into zero-emission electric trucks using Janus Electric's swappable battery platform.
The battery systems will feature Electrovaya's proprietary Infinity cell technology, known for its superior cycle life, safety, and performance in demanding conditions. The agreement targets the challenging Australian market, where heavy loads are transported over long distances, demonstrating the growing demand for high-performance batteries in commercial vehicles.
Electrovaya (NASDAQ:ELVA) ha firmato un Accordo Commerciale di Fornitura con Janus Electric Holdings per fornire sistemi avanzati di batterie al litio ad alta tensione Infinity per camion di Classe 8 nei mercati australiano e statunitense. La partnership mira a trasformare i veicoli pesanti alimentati a diesel in camion elettrici a zero emissioni utilizzando la piattaforma di batterie sostituibili di Janus Electric.
I sistemi di batterie utilizzeranno la tecnologia proprietaria Infinity di Electrovaya, nota per la sua eccezionale durata del ciclo, sicurezza e prestazioni in condizioni impegnative. L'accordo si concentra sul mercato australiano, caratterizzato da carichi pesanti trasportati su lunghe distanze, evidenziando la crescente domanda di batterie ad alte prestazioni per veicoli commerciali.
Electrovaya (NASDAQ:ELVA) ha firmado un Acuerdo Comercial de Suministro con Janus Electric Holdings para proporcionar sistemas avanzados de baterías de iones de litio de alta tensión Infinity para camiones Clase 8 en los mercados de Australia y EE. UU. La asociación busca transformar los vehículos de transporte pesado diésel en camiones eléctricos de cero emisiones utilizando la plataforma de baterías intercambiables de Janus Electric.
Los sistemas de baterías contarán con la tecnología propietaria Infinity de Electrovaya, reconocida por su superior vida útil, seguridad y rendimiento en condiciones exigentes. El acuerdo está dirigido al desafiante mercado australiano, donde se transportan cargas pesadas a largas distancias, demostrando la creciente demanda de baterías de alto rendimiento en vehículos comerciales.
Electrovaya (NASDAQ:ELVA)는 Janus Electric Holdings와 호주 및 미국 시장의 클래스 8 트럭용 첨단 Infinity 고전압 리튬이온 배터리 시스템 공급을 위한 상업 공급 계약을 체결했습니다. 이번 파트너십은 Janus Electric의 교체 가능한 배터리 플랫폼을 활용하여 디젤 기반 중장비 차량을 무배출 전기 트럭으로 전환하는 것을 목표로 합니다.
배터리 시스템에는 Electrovaya의 독자적인 Infinity 셀 기술이 적용되며, 이는 까다로운 조건에서도 우수한 사이클 수명, 안전성 및 성능으로 잘 알려져 있습니다. 이번 계약은 장거리 대형 화물 운송이 많은 호주 시장을 겨냥하며, 상용차용 고성능 배터리에 대한 수요가 증가하고 있음을 보여줍니다.
Electrovaya (NASDAQ:ELVA) a signé un accord commercial de fourniture avec Janus Electric Holdings pour fournir des systèmes avancés de batteries lithium-ion haute tension Infinity destinés aux camions de classe 8 sur les marchés australien et américain. Ce partenariat vise à transformer les véhicules lourds diesel en camions électriques zéro émission grâce à la plateforme de batteries échangeables de Janus Electric.
Les systèmes de batteries intégreront la technologie propriétaire Infinity d’Electrovaya, reconnue pour sa durée de vie exceptionnelle, sa sécurité et ses performances dans des conditions exigeantes. L’accord cible le marché australien, réputé pour le transport de charges lourdes sur de longues distances, illustrant la demande croissante de batteries haute performance pour véhicules commerciaux.
Electrovaya (NASDAQ:ELVA) hat eine kommerzielle Liefervereinbarung mit Janus Electric Holdings unterzeichnet, um fortschrittliche Infinity-Hochvolt-Lithium-Ionen-Batteriesysteme für Class-8-Lkw auf den Märkten in Australien und den USA bereitzustellen. Die Partnerschaft zielt darauf ab, dieselbetriebene Schwerlastfahrzeuge in emissionsfreie Elektro-Lkw umzuwandeln, indem die austauschbare Batterietechnologie von Janus Electric genutzt wird.
Die Batteriesysteme werden Electrovayas firmeneigene Infinity-Zelltechnologie verwenden, die für ihre überlegene Lebensdauer, Sicherheit und Leistung unter anspruchsvollen Bedingungen bekannt ist. Die Vereinbarung richtet sich an den herausfordernden australischen Markt, auf dem schwere Lasten über lange Strecken transportiert werden, und zeigt die wachsende Nachfrage nach Hochleistungsbatterien in Nutzfahrzeugen.
- Entry into new mission-critical sector of heavy-duty Class 8 trucks
- Strategic expansion into Australian and US markets
- Partnership with established player Janus Electric for swappable battery platform
- Application of proprietary Infinity cell technology in demanding transport sector
- No specific financial terms or contract value disclosed
- Heavy competition in the electric vehicle battery market
Insights
Electrovaya's strategic entry into heavy-duty transport with Janus Electric could drive significant revenue growth in a challenging but lucrative market.
This commercial supply agreement marks Electrovaya's strategic expansion into the heavy-duty Class 8 truck market, a particularly challenging sector for electrification that demands exceptional battery performance. The company will provide its next-generation Infinity high voltage lithium-ion battery systems to Janus Electric, specifically for converting diesel-powered trucks to zero-emission electric vehicles through a swappable battery platform.
The partnership targets both Australian and US markets, with Australia representing an especially demanding environment where trucks carry exceptionally heavy loads over long distances. This presents both a significant technical challenge and substantial market opportunity for Electrovaya's proprietary Infinity cell technology.
From a technological standpoint, this agreement validates Electrovaya's claims regarding their battery systems' superior cycle life, safety, and performance under demanding conditions - critical attributes for heavy transport applications. The company's ability to meet these stringent requirements potentially positions it for further expansion in commercial vehicle electrification.
The strategic value extends beyond immediate revenue potential. As heavy-duty transport faces increasing regulatory pressure to reduce emissions globally, early positioning in this challenging segment could yield substantial long-term benefits. The swappable battery approach that Janus Electric employs represents a practical solution to range anxiety and charging infrastructure limitations that have hindered electric truck adoption.
This partnership enhances Electrovaya's market diversification strategy beyond its existing applications and demonstrates commercial validation of its technology in one of transportation's most demanding electrification challenges.
Represents Electrovaya's foray into a new mission critical sector of heavy duty Class 8 trucks for the Australian and US markets
TORONTO, ON / ACCESS Newswire / July 8, 2025 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, is pleased to announce that it has entered into a Commercial Supply Agreement with Janus Electric Holdings Limited (ASX:JNS), an Australia based pioneer in the electrification of heavy transport vehicles.
Under the terms of the agreement, Electrovaya will supply advanced, next-generation Infinity high voltage lithium-ion battery systems to support Janus Electric's mission to transform diesel-powered Class 8 trucks into zero-emission electric trucks through its industry-leading swappable battery platform. The battery systems will incorporate Electrovaya's proprietary Infinity cell technology, providing improved safety and performance.
"We are excited to partner with Janus Electric, a recognized innovator in sustainable transportation," said Dr. Raj DasGupta, CEO of Electrovaya. "Class 8 trucks, especially those in Australia, where some of the heaviest loads are carried over long distances, represents one of the most challenging applications to electrify and requires superior battery technology. This agreement reflects the growing demand for our high-performance, safe and long-life lithium-ion batteries in the commercial vehicle market and underscores Electrovaya's commitment to enabling electrification across multiple industrial sectors."
Electrovaya's proprietary battery technology is known for its industry-leading cycle life, safety, and performance under demanding operating conditions-key attributes for the heavy-duty transport market.
"This agreement with Electrovaya provides Janus with access to high-quality, scalable battery technology that meets the rigorous demands of freight and logistics operations," said Ian Campbell, CEO of Janus Electric. "Together, we are taking a major step toward decarbonizing the heavy transport industry with swappable lithium ion battery systems."
This strategic partnership aligns with both companies' sustainability goals and positions them to meet the growing global demand for clean energy solutions in transportation.
Investor and Media Contact:
Jason Roy
VP, Corporate Development and Investor Relations
Electrovaya Inc.
905-855-4618 / jroy@electrovaya.com
About Electrovaya Inc.
Electrovaya Inc. (NASDAQ:ELVA)(TSX:ELVA) is a pioneering leader in the global energy transformation, focused on contributing to the prevention of climate change by supplying safe and long-lasting lithium-ion batteries. The Company has extensive IP and designs, develops and manufactures proprietary lithium-ion batteries and battery systems for energy storage and heavy duty electric vehicles based on its Infinity Battery Technology Platform. This technology offers enhanced safety and industry leading battery longevity. The Company is also developing next generation solid state battery technology at its Labs division. Headquartered in Ontario, Canada, Electrovaya has two operating sites in Canada and has acquired a 52-acre site with a 135,000 square foot manufacturing facility in New York state for its planned gigafactory. To learn more about Electrovaya, please explore www.electrovaya.com.
About Janus Electric.
Janus Holdings Limited (ASX:JNS) is an Australian innovator in heavy vehicle electrification, offering a turnkey solution through its patented battery swap platform, truck conversion kits, charging infrastructure, and integrated fleet management software. Janus delivers a zero-emissions, full-service electrification model for the freight and logistics sector, supporting operations across New South Wales, Victoria, Queensland, South Australia, and Western Australia. Its Central Coast-based production facility underpins its national deployment strategy. www.januselectric.com.au
Forward-Looking Statements
This press release contains forward-looking statements, including statements that relate to, among other things, revenue, purchase orders, the potential for additional purchase orders from the described customer in CY 2025, order growth and customer demand in FY 2025, future business opportunities, and the ability to deliver to customer requirements. Forward-looking statements can generally, but not always, be identified by the use of words such as "may", "will", "could", "should", "would", "likely", "possible", "expect", "intend", "estimate", "anticipate", "believe", "plan", "planned", "objective", "estimated" and "continue" (or the negative thereof) and words and expressions of similar import. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, assumptions and analyses made by the Company in light of the experience and perception of historical trends, current conditions and expected future developments and other factors it believes are appropriate are necessarily applied in making forward-looking statements and such statements are subject to risks and uncertainties, therefore actual results may differ materially from those expressed or implied in such statements and undue reliance should not be placed on such statements. Material assumptions made in disclosing the forward-looking statements included in this news release include, but are not limited to assumptions that the Company's customers will deploy its products in accordance with communicated timing and volumes, that the Company's customers will complete new distribution centers in accordance with communicated expectations, intentions and plans, and stable political climate with respect to exports from Canada to the United. Factors that could cause actual results to differ materially from expectations include but are not limited to customers not placing roughly in accordance with historical ordering patterns and communicated intentions, the fact that the expected additional sales from the described customer are expressions of interest and not yet purchase orders, the uncertain effects of the imposition of a new tariff regime on Canadian exports by the United States, macroeconomic effects on the Company and its business and on the lithium battery industry generally, the Company's liquidity and cash availability in excess of its operational requirements, and the ability to generate and sustain sales orders. Additional information about material factors that could cause actual results to differ materially from expectations and about material factors or assumptions applied in making forward-looking statements may be found in the Company's Annual Information Form for the year ended September 30, 2024 under "Risk Factors", in the Company's base shelf prospectus dated September 17, 2024, and in the Company's most recent annual and interim Management's Discussion and Analysis under "Qualitative And Quantitative Disclosures about Risk and Uncertainties" as well as in other public disclosure documents filed with Canadian securities regulatory authorities. The Company does not undertake any obligation to update publicly or to revise any of the forward-looking statements contained in this document, whether as a result of new information, future events or otherwise, except as required by law.
SOURCE: Electrovaya, Inc.
View the original press release on ACCESS Newswire
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