Janus Electric Secures $11 Million Funding Package
The Australian firm finalised new credit facilities to support its North American electric truck order book.
Updated on Oct. 23, 2026 in Electric Vehicles
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Janus Electric Holdings has secured $11 million in new financing facilities from the Commonwealth Bank of Australia to bolster production capacity. The funding supports the company's existing order book of 118 electric truck conversions for the North American market.
Why it matters
This capital injection provides the necessary liquidity to ramp up delivery operations for international customers. Simultaneously, the company is aggressively reducing its debt load to improve long-term financial health.
The $11 million financing package comprises a $10 million revolving trade finance facility and a $1 million asset finance facility. This follows a $1.91 million R&D tax refund application that reduced the Rockford RDF loan balance by 66%.
The players
Janus Electric Holdings
An Australian company that specialises in the conversion of diesel trucks to electric power systems.
Commonwealth Bank of Australia
A major multinational banking institution that provides financial services across Australia and internationally.
Rockford RDF
A lending entity that holds an existing debt position with Janus Electric.
The details
Janus Electric applied the $1.91 million research and development tax refund directly against its outstanding loan with Rockford RDF. This move has lowered the remaining loan balance to $987,000, which is projected to generate monthly interest savings of roughly $27,000.
Timeline
30 September 2026: The Rockford RDF loan balance reached approximately $2.9 million.
19 October 2026: Janus Electric applied its research and development tax refund to the loan.
23 October 2026: The company announced its finalised banking facilities.
Roadmap
The heavy-duty vehicle electrification conversion market is seeing a surge in debt-restructuring activity as smaller manufacturers work to scale production. This financing positions Janus Electric to better compete with established OEMs by securing the capital needed for long-term supply chain viability.
The secured financing ensures the company can maintain its production pace for North American clients without further diluting share capital. For stakeholders, the expected $325,000 in annualised interest savings signals a significant improvement in the company's operational efficiency.
The takeaway
Securing robust credit facilities allows growing firms to manage debt costs while simultaneously funding international expansion. Proactive use of tax credits can significantly reduce interest burdens, freeing up cash flow for critical production requirements.
What happens next
Janus Electric intends to apply future research and development tax refunds toward the remaining $987,000 Rockford RDF loan balance as those funds become available.
Further reading
For more information on the evolving sector, visit the Electric Vehicles section.
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