Press Releases

As the Company announced in its May 16, 2025 news release, advances under the Facility require Exro to meet various milestones, one of which was either (1) the postponement of security from a requisite majority of the Company's $15 million of debentures issued pursuant to an indenture dated December 30, 2022 (the "Convertible Debentures"), or (2) the redemption of the Convertible Debentures for Exro shares.

The AGM will be rescheduled to a date in September 2025, with a new meeting date to be confirmed in due course. Shareholders will receive updated meeting materials once the new date has been determined.

The Company successfully satisfied the first set of milestones under the Facility, resulting in the receipt of the initial US$2 million draw. These funds provide operating runway to execute against near-term objectives, including cost optimization, business unit prioritization, and strategic engagement.

Revenue of $4.4 million from delivery of 23 electric propulsion units and aftersales services.

Exro confirms that it is not aware of any undisclosed material change to the Company's business or operations that would account for the recent increase in its share price and trading volume.

In 2024, Exro experienced a transformative year, delivering its innovative e-propulsion system technologies to major OEMs, implementing strategic cost reductions, advancing key programs, and strengthening partnerships.

Exro Releases 2025 Letter to Shareholders

Exro Provides Update On Semi-Annual Interest Payments On Outstanding Convertible Debentures

Exro’s Cellex Division Completes Installation of First Cell Driver™ Energy Storage System at Red Deer Polytechnic

Exro Technologies Learns of Threatened Lawsuit

Exro to Showcase its Innovative Technologies at Inaugural Analyst Day

Exro Technologies Reports Third Quarter 2024 Financial Results

Exro to Participate in 13th Annual ROTH Technology Conference

Exro Announces Upcoming Analyst Day and Q3 Results Date With Note to Shareholders

Exro Announces Stellantis N.V. as Passenger Vehicle Innovation Program Partner and Named Finalist at Stellantis’ Supplier of the Year Awards

Exro Announces Closing of Public Financing for Proceeds of $25.0 Million

Exro Announces a Public Financing of up to Approximately $30 Million

Exro Technologies Reports Record Revenue with Q2 Financial Results

Exro Advances Medium Duty Battery Electric Powertrain Integration with Coil Driver™ Project

Exro Announces Cell Driver™ Pilot Strategic Agreement and Purchase Order

Exro to Present at the Canaccord Genuity 44th Annual Growth Conference

Exro Announces Voting Results at 2024 Annual General Meeting

Exro Announces ETL Certification for Cell Driver™ Energy Storage and Launch of Cellex Energy Inc.