Janus Electric (ASX:JNS) Wins A$3.1 Million Repeat Order From King Fio Trucking, Lifting North American Orders to 124 Trucks

Sonal Goyal

27 October 2026 01:02 PM AEDT

Janus Electric (ASX:JNS) Wins A$3.1 Million Repeat Order From King Fio Trucking, Lifting North American Orders to 124 Trucks

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Key Highlights

King Fio Trucking placed a A$3.1 million (US$2.18 million) repeat order for six Class 8 electric truck conversions and six battery sets.
The order doubles King Fio’s commitment to 12 trucks and 14 battery sets.
Janus’ North American order book rises to 124 trucks, with a combined gross contract value of about A$64.6 million.
The order is conditional on approval of the applicable California incentives.

Janus Electric Holdings Limited (ASX:JNS) announced on 27 October 2026 that California-based King Fio Trucking has placed a repeat order for six Class 8 electric truck conversions and six JBS-650 swappable battery sets.

Order Details and Delivery Plans

The order has a gross value of about A$3.1 million and takes King Fio’s total commitment to 12 trucks and 14 battery sets. It will be fulfilled by Janus’ US conversion partner, Electric Vehicle Choice, in Santa Fe Springs, California. King Fio operates container transport services associated with the Ports of Los Angeles and Long Beach.

The six additional trucks will use the charging and battery-swapping infrastructure in King Fio’s original order, a Janus Charge and Change Station with two 250 kW chargers, so no extra station is needed. Janus expects the additional vehicles to generate recurring subscription revenue as they are delivered.

The company expects to deliver 18 operational trucks in Los Angeles before 31 December, comprising the first six King Fio trucks, four for Ability Tri-Modal and six for Tradelink. This would bring its operational vehicle total to 46 across the United States and Australia.

Incentives and Wider Order Book

The order is conditional on approval of the applicable California incentives. Together, California and regional electrification programs could provide King Fio with US$1.6 million in funding for the six additional trucks, subject to eligibility, funding availability and approval.

Janus is assessing further conversion-eligible programs in Washington State and Canada, including Canada’s Federal Green Freight Program, and new drayage programs announced by the Port Authority of New York and New Jersey could support entry to the US East Coast. The company is working with supply chain partners to put in place facilities to convert the North American order book by early in the fourth quarter of FY2027.

Why This Could Matter

The announcement shows an existing customer expanding an order rather than a new customer signing, and it relies on infrastructure already ordered. Because the order is conditional on incentive approvals and the full order book still has to be converted, the timing of deliveries depends on both.

Closing View

Janus Electric added a A$3.1 million repeat order and a larger North American order book. Approval of California incentives and conversion capacity are the conditions that apply to the new trucks.

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