Janus Electric, a manufacturer of batteries used to convert large diesel-powered trucks to electric, is headed for the ASX through a reverse takeover with the backing of veteran investors David Paradice and Ashok Jacob.
Janus, run by former Citi banker Ian Campbell, hopes to raise between $8 million and $10 million. It will use the shell of ReNu Energy, a hydrogen investor with a market capitalisation of $2 million, to list on the ASX.
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Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com
