Press Releases

Exro Announces Filing and Mailing of Management Information Circular in Relation to the Proposed Merger with SEA Electric

Exro to Present at the 36th Annual ROTH Conference

Exro Provides Corporate Update with Letter to Shareholders

Exro Announces Closing of $30 Million Bought Deal Financing of Subscription Receipts

Exro Announces Merger with SEA Electric to Create Leading e-Mobility Technology Company and Concurrent C$42 Million Capital Raise Transactions

Exro Releases Q1 2024 Letter to Shareholders

Exro Technologies today provided an operational update in a 2023 year-end letter to shareholders.

In collaboration with Inferno Solar, Red Deer Polytechnic will be home to Exro’s first in-field Cell Driver™ Battery Energy Storage System pilot with installation planned for Q1 2024.

Exro generated revenue of $2,032,669 for the three months ended September 30, 2023, and $4,800,730 for the nine months ended September 30, 2023.

Exro Provides Operations Update with Letter to Shareholders

Exro achieves major milestone with start of production of its patented next-generation Coil Driver™ inverter technology for electric vehicles at the company’s state-of-the-art manufacturing facility in Calgary, Alberta, Canada.

Exro’s Cell Driver™ has successfully completed certification of its battery module per 1973 requirements, a key milestone which confirms Exro’s modules’ quality, resilience, and ability to operate safely and effectively in a variety of conditions.

Exro generated revenue of $2,443,292 for the three months ended June 30, 2023 and $2,768,061 for the six months ended June 30, 2023

Exro and a Major Automaker to collaborate in innovation project utilizing Coil Driver™ technology for improving powertrain performance.

Exro nominee directors listed in the Notice of Meeting and Management Information Circular dated May 31, 2023 were elected as directors of the Company at its Annual General and Special Meeting of Shareholders held earlier today on June 30, 2023 in Vancouver, B.C.

Exro Announces Corporate Update Pertaining to Patent Applications, Operational Developments, and Upcoming Interest Payment

Exro announces three new Board candidates slated for election at the Company’s AGM, all of whom bring automotive, global growth, and operational leadership experience.

Exro has completed its previously announced bought deal financing, including the exercise in full of the Underwriters' over-allotment option for a total of 15,525,000 common shares

Exro and Linamar Corporation sign definitive agreement to serially produce and commercialize the parties' integrated electric beam axle product for Class 3-6 vehicles:

“Through the first quarter of 2023 we continued to make steady progress towards commercialization of our Coil Driver™ technology for electric vehicles and Cell Driver™ technology for energy storage, both of which remain on track to begin series production in Q3 2023”

Exro accelerates its energy storage business, naming Re:Build Manufacturing its exclusive manufacturing partner and establishing new channel partnership agreements across North America

The strategic partnership amplifies Exro’s market presence with access into Wolong’s extensive customer network for e-mobility applications

Executive Chairman Mark Godsy has announced stepping down as Chairman, effective March 31, 2023. Director Rod Copes has been appointed to the position of Interim Chair.

Exro generated revenue of $2.2 million for the twelve months that ended December 31, 2022. Successfully completed phase one of the integrated e-axle co-development program with strategic partner, and major tier-1 OEM supplier, Linamar Corporation.

The agreement provides the opportunity to significantly amplify Exro’s market presence with access into the partner’s global customer network for automotive and off-highway applications