Newsroom

Exro Validates Intelligent Battery Technology for Second Life Applications

Exro Technologies Inc. (TSXV: EXRO, OTC: EXROF) (the “Company” or “Exro”), a leading clean technology company which has developed a new class of power electronics for electric motors and batteries, is pleased to announce that it has completed the technology validation on its Battery Control System (“BCS”) – formerly known as the intelligent battery management system.

Exro Announces Closing of Cdn $42 Million Prospectus Offering of Common Shares

Exro Technologies Announces 2020 Third Quarter Financial Results

Exro Technologies Announces 2020 Third Quarter Financial Results

Exro Announces Pricing of Public Offering of Common Shares

Calgary, Alberta (November 25, 2020) – Exro Technologies Inc. (TSXV: EXRO) ("Exro" or the "Company") is pleased to announce that it has priced its previously announced marketed public offering (the “Offering”) of ‎ common shares (the “Shares”) of the Company. The Company intends to issue Shares at a price of $3.25 per share for gross proceeds of a minimum of $30.0 million and up to a maximum of $36.5 million‎.

Exro Announces Public Offering of Common Shares Co-Led by Raymond James and Gravitas Securities

Calgary, Alberta (November 24, 2020) – Exro Technologies Inc. (TSXV: EXRO) ("Exro" or the "Company") announced today that it has filed a preliminary short form prospectus with the securities regulatory authorities in each of the provinces of Canada, other than the Province of Quebec, in connection with a marketed public offering (the “Offering”) of ‎ common shares (the “Shares”) of the Company.

Exro Coil Driver Ready for Electric Cars with Engineering Validation

Calgary, Alberta (November 20, 2020) – Exro Technologies Inc. (TSXV: EXRO) (the “Company” or “Exro”), a leading clean technology company which has developed a new class of power electronics for electric motors and powertrains, is pleased to announce that it has completed the engineering validation on the 100 Volt Coil Driver for electric cars.

Exro Opens Calgary Innovation Center to Make Electric Motors Faster, Stronger, and Smarter

Calgary, AB (October 20, 2020) – Exro Technologies Inc. (TSXV:EXRO; OTCQB: EXROF) (the “Company”), a leading technology company which has developed a new class of power electronics for electric motors and powertrains, is pleased to announce it is opening the doors to the newly established Calgary Innovation Center.

Exro and Traktionssysteme Austria (TSA) to Integrate Systems for Enhanced Commercial Vehicles

Calgary, AB (October 15, 2020) – Exro Technologies Inc. (TSXV:EXRO; OTCQB: EXROF) (the “Company”), a leading technology company which has developed a new class of power electronics for electric motors and powertrains, is pleased to announce it is working with Traktionssysteme Austria (“TSA”) to develop enhanced commercial vehicles by integrating their traction motor systems with Exro’s Coil Driver technology.

Exro Grants Stock Options October 2020

CALGARY, AB (October 13, 2020) — Exro Technologies Inc. ( TSXV:EXRO; OTCQB: EXROF) (the “Company” or “Exro”) announces that it has granted incentive stock options to certain directors, officers, employees and consultants to purchase an aggregate of 2,618,000 shares in the capital of the Company at a price of $3.15 per share, expiring five years from the date of grant, pursuant to the terms of its stock option plan.

Exro Proven to Dramatically Increase Performance of Electric Bikes in Independent Field Tests

Calgary, AB (October 7, 2020) – Exro Technologies Inc. (TSXV:EXRO; OTCQB: EXROF) (the “Company”), a leading technology company which has developed a new class of power electronics for electric motors and powertrains, is pleased to announce third-party testing has proven its patented Coil Driver technology dramatically improves performance of electric bikes.

Julie (McCoy) Wurmlinger, Retired Chief Engineer from Ford Motor Company and President/Owner of OhmTek, LLC joins Exro Board of Directors

Calgary, AB (September 29, 2020) – Exro Technologies Inc. (TSXV:EXRO; OTCQB: EXROF), a leading technology company which has developed a new class of power electronics for electric motors and powertrains, is pleased to announce that Julie (McCoy) Wurmlinger, an accomplished engineering leader in the automotive industry, has joined the Exro Board of Directors (“Board of Directors”).

Heinzmann Gmbh and Exro Technologies to Collaborate in Developing Advanced Coil Drive Technology for the Electric Micro Mobility and Lev Market

Calgary, AB (September 24, 2020) – Exro Technologies Inc. (TSXV:EXRO; OTCQB: EXROF) (the “Company”), a leading technology company which has developed a new class of power electronics for electric motors and powertrains, is pleased to announce it has initiated a collaboration with Heinzmann GMBH & Co. KG (“Heinzmann”) to integrate Exro’s patented coil drive technology into micro mobility applications.

Exro to Present at the Virtual Gravitas Clean Technology Investor Day

Calgary, AB (September 23, 2020) – Exro Technologies Inc. (the “Company” or “Exro”) (TSXV: EXRO) (OTCQB: EXROF), a leading technology company which has developed a new class of power electronics for powertrains, is pleased to announce it will be participating in the Gravitas Clean Technology Investor Day taking place Thursday, September 24th, 2020 virtually.

Exro To Commence Trading on the TSX Venture Exchange

Calgary, Alberta (September 21, 2020) – Exro Technologies Inc. (CSE: XRO; OTCQB: EXROF) (the “Company”), a leading technology company which has developed a new class of power electronics for powertrains, is pleased to announce it has been accepted for listing on the TSX Venture Exchange (the “TSXV”), and its common shares will commence trading on Tuesday September 22, 2020, on the TSXV under the symbol “EXRO”.

Exro’s CEO Corporate Update Letter

Exro Technologies CEO provides shareholder update on Exro’s progress regarding partnerships, power electronics technology, and intelligent electrification.

Exro Grants Stock Options

Exro Technologies has granted incentive stock options to certain officers, employees and consultants to purchase an aggregate of 1,692,000 shares at a price of $1.00 per share.

Exro Technologies Inc. Announces 2020 Second Quarter Financial Results

Exro Technologies announces its second-quarter 2020 financial results, including financial and operational highlights.

Exro’s CEO Sue Ozdemir to Sit as Chair of First NEMA Automotive Council

Exro Technologies CEO will sit as chair of the NEMA Automotive Component Council to increase manufacturer collaboration in the automotive component market.

Gary Mar, President and CEO of the Canada West Foundation, Joins Exro Business Advisory Board

Gary Mar has joined the Exro Advisory Board to provide guidance as Exro develops its technology and innovates solutions to support Net Zero Initiatives globally.

Update on Partnership with Potencia

Exro Technologies and Potencia are working together to accelerate the transition to commercial electric vehicles with novel new powertrain technologies.

Richard Meaux, Former GE Motors Marketing Leader, to join Exro Technologies

Former GE digital leader Richard Meaux, a proven industry innovator in marketing, has joined Exro Technologies as its new Chief of Marketing.

Exro Technologies Partners with Global Commercial 100% Electric Vehicle Leader, Sea Electric

Exro Technologies and Australia’s SEA Electric Pty Ltd. are partnering to enhance electric powertrain technology for heavy-duty trucks and delivery vehicles.

Exro Announces Closing of Oversubscribed Cdn $8 Million Prospectus Offering of Units Led by Gravitas Securities

Exro Technologies has closed its marketed short form prospectus offering pursuant to which Exro Technologies issued 11,428,571 units at a price of $0.70 per unit for gross proceeds of Cdn $8,000,000.

Exro Announces 2020 AGM Results

Exro Technologies announces the results of voting at its annual general meeting of shareholders which was held July 7th, 2020.

Exro Announces increase in Size of Unit Offering Led by Gravitas Securities to $8,000,000

Due to investor demand, Exro Technologies has increased the size of its previously announced offering of units from Cdn $5,000,000 to Cdn $8,000,000.

Exro Files Preliminary Short Form Prospectus in Connection with Unit Offering Led by Gravitas Securities

Exro Technologies filed a preliminary short form prospectus with respect to an offering of units at a price of $0.70 per unit for gross proceeds of up to Cdn $5,000,000.

Exro Technologies Inc. is Unaware of Any Material Change

Exro Technologies is unaware of any material change in the company’s operations that would account for the recent increase in market activity in respect of its common shares.

Zero Motorcycles-Exro Technologies to Collaborate in Developing Advanced Coil Drive Powertrain for the Electric Motorcycle Market

Exro Technologies has initiated a collaboration agreement with Zero Motorcycles to evaluate Exro’s patented coil drive technology using Zero’s SR/S powertrain platform.

Exro Technologies Inc. Announces 2020 First Quarter Financial Results

Exro Technologies announces its first-quarter 2020 financial results, including financial and operational highlights.

CEO Sue Ozdemir to Present Exro Technology at the Investor Summit Group’s Virtual Summer online event on June 10th

Exro Technologies CEO Sue Ozdemir will present the latest overview of the Company’s advances at The Summit Group Virtual Summer online event.

Exro Technologies is pleased to welcome Eric Hustedt, Leader in Automotive and Power Electronics, As Chief of Engineering

Eric Hustedt, a proven industry innovator in automotive and power electronics, has joined Exro Technologies as its new Chief of Engineering.

Exro signs deal with Clean Seed Capital to advance electrification of farm equipment

Exro Technologies has signed an agreement with Clean Seed Capital Group Ltd., integrating its technology to advance the electrification of the world’s heavy-farm equipment.

Advisory: Exro Chief Commercial Officer is Interviewed on Exro’s Technology & Commercialization Strategy

SuperCharged Stocks interviews Exro Technologies on its commercialization strategy across automotive, agricultural, ebikes, and sectors that rely on electric motors.

Corporate update letter from the CEO to shareholders

Exro Technologies provides a corporate update in a letter from the CEO to its shareholders regarding key areas of focus across electric bikes, cars, boats, and snowmobiles.

Werner Kitz, Leading Engineer from Siemens, Joins Exro Business Advisory Board

Former Siemens executive and engineer Werner Kitz joins Exro Technologies’ Advisory board with a global perspective on innovation and manufacturing in the power-conversion sector.

Exro Grants Stock Options

Exro Technologies has granted incentive stock options to certain directors, officers, employees, and consultants.

Exro CEO Sue Ozdemir To Appear on U.S. And Canadian Television To Present Technology To Enhance World's Electric Motors

Electric motor efficiencies created by Exro Technologies' Coil Driver technology to be featured on BNN Bloomberg and profiled on Business TV-News.

Exro Technologies Inc. To Present At The 2020 LD Micro Virtual Conference

Exro Technologies' CEO will be presenting at the third annual LD Micro Virtual Conference on how Exro’s technology platform that dramatically enhances electric powertrains.

Exro To Present Its Electric Motor Enhancement Innovation to World's Automotive Industry Leaders

Exro Technologies has been invited to present a white paper of its technology that enhances electric motor performance to the Car Training Institute (CTI).

Exro Closes Final Tranche of $4.3 Million Private Placement

Exro Technologies has closed the final tranche of its oversubscribed non-brokered private placement financing. Proceeds to fund technology, facilities, and working capital.

Exro Closes First Tranche of Private Placement

Exro Technologies has completed the first tranche of its non-brokered private placement financing.

Exro Announces $3,000,000 Private Placement

Exro Technologies arranged a non-brokered private placement financing for gross proceeds of up to $3,000,000 through the issuance of up to 8,571,428 common shares at a price of $0.35 per share.

Exro Enters Emerging Electric Snowmobile Sector

Under new partnership with Finland’s Aurora Powertrains Oy, Exro Technologies' will be applied to the electric snowmobile Aurora powertrain.

‘Exro Innovation Center’ to Open in Calgary, Alberta

Exro Technologies expands labs by opening a Calgary, Alberta innovation centre to showcase how Exro dramatically improves the performance of electric motors.

Schneider Electric’s Viorel Nica Joins Exro’s Business Advisory Board

Former GE executive Viorel Nica, a proven expert in electric motors, their control systems, and commercialization innovations, joins Exro Technologies' Advisory Board.

Exro Appoints Chief Product Officer to Advance 2020 Commercialization

Exro Technologies appoints Steven Moon as its Chief Product Officer to lead the adoption of Exro Technologies' clean energy product portfolio across multiple sectors.