New Energy Transport (NET) has secured new funding for the rollout of electric road freight operations across Australia.
Its first electric trucks are expected to be operational before the end of 2026.
The funding round, backed by institutional investors including Jekara Group alongside family offices and high-net-worth investors, has unlocked an initial $5 million to support NET’s rapid deployment strategy. The raise was facilitated by net zero advisory firm Pollination.
The company plans to deploy 20 electric prime movers supported by six mobile ultra-fast charging units positioned along major freight corridors throughout New South Wales.
New Energy Transport Co-CEO, Daniel Bleakley, said the investment would allow the company to respond to increasing demand from major freight customers seeking electric transport solutions.
“We’re excited to be announcing this investment and the rollout of our rapid deployment plan,” said Bleakley.
“We’ve seen a surge in demand from some of Australia’s largest transport buyers and this backing means we can meet that demand by providing reliable electric road freight in Australia before the end of the year.”
According to NET, the modular charging infrastructure can be operational within 16 weeks. The chargers are mounted on frames rather than permanently fixed to sites, allowing them to be redeployed as new freight corridors are established.
“The modular and mobile charging units we’ve selected aren’t fixed to the ground, they sit on a frame, plug into the grid and are ready for commercial operation within weeks,” said Bleakley.
“This technological solution means the charging units can be redeployed to new locations in the future to enable NET to service new corridors including into regional and rural Australia.”
NET is also progressing plans for what it describes as Australia’s largest heavy electric trucking depot at Wilton in New South Wales. The project was recently selected under the Federal Government’s Investor Front Door program as a project of national significance.
The Wilton depot is expected to begin operating in late 2027 with initial capacity for 50 trucks, expanding to 200 trucks over time. NET also intends to establish a broader network of electric freight depots linking Adelaide, Melbourne, Sydney, Canberra and Brisbane by 2031.
New Energy Transport Co-CEO, Fredrik Pehrsson, said charging infrastructure remained the key challenge for the broader adoption of electric freight.
“We’ve proven electric trucks deliver significant productivity and economic benefits, recently completing Australia’s first end-to-end electric road freight delivery from Sydney to Canberra on a single charge, faster and at lower cost than pre-war diesel,” said Pehrsson.
“The bottleneck for electrifying road freight isn’t the technology; it’s the charging infrastructure. NET’s additional rapid deployment plan addresses this challenge head on.”
NET said the planned fleet could deliver 10,000 kilometres of fully loaded linehaul freight capacity per day while reducing diesel consumption by approximately 2.5 million litres annually.
Jekara Group Managing Partner and founder, Kara Frederick, said the company’s approach could help strengthen freight productivity and resilience: “NET has the right team, the right business model and the best technology solution to enable cheaper, faster and more resilient transport options for Australia.”
Last week, NewVolt announced an electric truck infrastructure project at Laverton North, Victoria.
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