Australia's Janus Electric rises on securing $1.4 million investment
ELVA•Janus Electric shares rose as much as 10.2% after it secured an A$2 million ($1.41 million) investment from Electrovaya and placed initial orders for A$37.5 million in battery systems.
1. Investment and orders
Janus Electric secured an A$2 million ($1.41 million) investment from lithium-ion battery manufacturer Electrovaya Inc. Janus also placed initial purchase orders with Electrovaya for A$37.5 million in lithium-ion battery systems for planned truck deployments in the United States and Canada.
2. Shares rise
Janus shares rose as much as 10.2% to A$0.65, their highest level since October 12, and gained for a fifth consecutive session. The stock was up 1,059.1% year to date, including the current session.
