Press Releases

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

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.