Electrovaya plans USD 1.4 million investment in Janus Electric
Bitget2026/10/28 11:09- Electrovaya entered a term sheet to invest approximately US$ 1.4 million in Janus Electric through a direct placement.
- The investment includes approximately 4,200,000 shares, with up to 6,300,000 warrants exercisable at 125% of the placement price for three years.
- A strategic battery supply agreement carries approximately $26 million in initial orders for Janus's US and Canadian deployments.
- Deliveries are underway to support Janus's North American rollout, backed by orders and commitments for 118 truck conversions.
- Expanded battery manufacturing capacity in Jamestown, New York, is expected to come online during fiscal 2027.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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