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An update from ReNu Energy Limited ( (AU:RNE) ) is now available.
ReNu Energy Limited announced its acquisition of Janus Electric Limited, aiming to become a leader in heavy transport electrification. This strategic move involves a capital raise to scale Janus’ operations and expand its infrastructure, leveraging Janus’ innovative battery-swapping technology to provide cost-effective and efficient electric conversion solutions for fleet operators. The acquisition positions ReNu Energy to deliver strong economic benefits and reduce carbon emissions in the heavy transport sector.
More about ReNu Energy Limited
ReNu Energy Limited, soon to be renamed Janus Electric Holdings Limited, operates in the heavy transport electrification industry. The company focuses on converting diesel trucks to electric using a unique battery-swapping technology, charging infrastructure, and energy management services, aiming to accelerate industry decarbonization and provide economic benefits to fleet operators.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.1M
Find detailed analytics on RNE stock on TipRanks’ Stock Analysis page.
