Twenty electric prime movers will hit Australian roads faster than expected after a first-of-its-kind project secured a $5 million boost.
New Energy Transport on Monday revealed it would deploy a heavy-duty electric truck fleet months earlier than planned following the investment, which would also fund mobile charging stations.
The units, initially based in a depot near the fringes of Sydney, could be moved in future to expand the fleets' reach, potentially allowing them to service agricultural hubs in other NSW towns.
The announcement comes after diesel prices rose following conflict in the Middle East, pushing up transport costs, and as they are expected to rise again when the fuel excise discount ends on June 30.
The $5 million investment, backed by venture capital firm Jekara Group, will help the start-up put its heavy-duty electric truck fleet into operation later in 2026 rather than in mid-2027.
