Press Releases

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

The agreement with Greentech Renewables Southwest positions Exro’s Cell Driver™ Energy Storage System into Greentech’s extensive sales channel for solar and EV charging applications

Exro releases Q1 2023 shareholder letter, highlights progress in commercializing Coil Driver and Cell Driver, new partnerships, and goals for the year.

Exro Technologies Inc. announces closing of private placement offering, raising $15M. Proceeds to be used for working capital and general corporate purposes.

Exro announces that it has entered into an agreement with Eight Capital, pursuant to which Eight Capital has agreed to purchase for resale on a bought deal private placement basis, 15,000 units of the Company.

Exro announces major milestone with Linamar e-axle. Phase one project completion and operational update live from Calgary

Exro achieves ISO 9001 certification for its manufacturing and engineering centers, setting quality management standard for Coil Driver and Cell Driver.

Exro Technologies is winner of the 2022 ‘Illuminations Award for Business Innovation’ from leading electrical manufacturing industry group NEMA

Exro resolves dispute with ePropelled over patent infringement and parties stipulate to dismissal of lawsuit. CEO confirms Exro's technology does not infringe.

Exro remains on schedule for key deliverables and milestones in Q4 2022, including: prototype e-axle delivery to Linamar, pilots to both Vicinity and SEA Electric, ISO certification by year-end

Exro’s Coil Driver™ technology named the ‘2022 Engine Tech Innovation of the Year’ winner at AutoTech’s 2022 Breakthrough Awards.

The European partner, which remains under NDA, is a global leader in the design, manufacture and distribution of solutions in an off-highway sector and is forecast to generate multi-billion dollars in sales in 2022.

Inferno and Exro's partnership will target growing demand for stationary energy storage in commercial and industrial applications, as well as electric vehicle charging stations.

Exro exceeds highest UL requirements to demonstrate best-in-class safety performance during large-scale fire testing of the company’s Cell Driver™ Energy Storage System.

Exro Technologies announced closing of its non-brokered private placement in which 1,403,756 units sold for aggregate gross proceeds of $1,473,945.

Exro announces closing of its brokered public offering for aggregate gross proceeds of $8,316,000 and gives update on non-brokered private placement.

Exro Technologies announces a marketed public offering and concurrent private placement for aggregate gross proceeds of up to approximately $10 million.

Exro will supply development partner SEA Electric with high-voltage Coil Drive Systems, comprised of a high-voltage Coil Driver™ and an electric motor, beginning with a pilot in Q4 2022.

The Company continued progress on its world-class manufacturing facility during the quarter, including delivery of all equipment required for Surface Mount Technology ("SMT") and Printed Circuit Board ("PCB") assembly lines, included in phase one of the facility operations. Exro is on track to commission the phase one assets in the second half of 2022.

Exro has initiated the process to obtain UL certification for its Energy Storage System (ESS), powered by its Battery Control System™ (BCS) technology.

Exro CEO Sue Ozdemir hosts a live webcast to provide shareholders a view inside its manufacturing facility and a review of the first half of 2022.

All Exro director nominees listed in the Management Information Circular dated May 24, 2022, were elected as directors of the Company at its Annual General Meeting of Shareholders (the “Meeting”) held earlier today in Vancouver, B.C.

In response to claims made by ePropelled, Exro has filed a petition with the U.S. Patent and Trademark Office for review of ePropelled’s patent.