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

Calgary, AB (September 3, 2020) – Exro Technologies Inc. (CSE: XRO; OTCQB: EXROF), a leading technology company which has developed a new class of power electronics for powertrains shares a corporate update from the CEO, Sue Ozdemir.

Exro Grants Stock Options

CALGARY, AB (September 1, 2020) — Exro Technologies Inc. (CSE: XRO; OTCQB: EXROF) (the “Company” or “Exro”) announces that it has granted incentive stock options to certain officers, employees and consultants to purchase an aggregate of 1,692,000 shares in the capital of the Company at a price of $1.00 per share, pursuant to the terms of its stock option plan.

Exro Technologies Inc. Announces 2020 Second Quarter Financial Results

CALGARY, AB (AUGUST 28, 2020) – Exro Technologies Inc. (CSE:XRO; OTCQB: EXROF) (the “Company”) is pleased to announce its second quarter 2020 financial results for the six months ended June 30, 2020.

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

Calgary, AB (August 20, 2020) – Exro Technologies Inc. (CSE:XRO; OTCQB: EXROF), a leading technology company which has developed a new class of power electronics for powertrains, is pleased to announce its CEO Sue Ozdemir to sit as chair of the newly formed NEMA Automotive Component Council (ACC).

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

Calgary, AB (August 13, 2020) – Exro Technologies Inc. (CSE:XRO; OTCQB: EXROF), a leading technology company which has developed a new class of power electronics for powertrains, is pleased to announce that Gary Mar, an accomplished and respected leader in government and business, has joined the Exro Business Advisory Board (“Advisory Board”).

Update on Partnership with Potencia

CALGARY, AB (August 5, 2020) – Exro Technologies Inc. (CSE:XRO; OTCQB: EXROF), a leading technology company which has developed a new class of power electronics for powertrains, is pleased to provide an update on our partnership with Potencia Industrial, S.A. DE C.V. (“Potencia”).

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

VANCOUVER, B.C. (July 29, 2020) – Exro Technologies Inc. (CSE:XRO; OTCQB: EXROF), a leading technology company who has developed a new class of power electronics for powertrains, is pleased to announce Richard Meaux, a proven industry innovator in marketing, digital and IoT strategies, has joined Exro as its new Chief of Marketing (“CMO”).

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

VANCOUVER, B.C. (July 15, 2020) – Exro Technologies Inc. (CSE:XRO; OTCQB: EXROF) (“Exro” or the “Company”), and Australia’s SEA Electric Pty Ltd. (“SEA Electric”) 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

Vancouver, British Columbia (July 10, 2020) - Exro Technologies Inc. (CSE: XRO) (the “Company” or “Exro”) is pleased to announce the closing of its marketed short form prospectus offering pursuant to which the Company issued 11,428,571 units of the Company ("Units") at a price of $0.70 per unit for gross proceeds of Cdn $8,000,000 (the "Offering").

Exro Announces 2020 AGM Results

Vancouver, British Columbia (July 8, 2020) - Exro Technologies Inc. (CSE: XRO; OTCQB: EXROF) (the “Company” or “Exro”) ") is pleased to announce the results of voting at its annual general meeting of shareholders which was held yesterday, July 7th, 2020 in Vancouver, British Columbia (the "Meeting"). All matters submitted to the shareholders for approval as set out in the Company's Notice of Meeting and Information Circular, dated June 2, 2020, were approved by an overwhelming majority of votes cast at the Meeting.

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

Vancouver, British Columbia (June 25, 2020) - Exro Technologies Inc. (CSE: XRO) (the “Company” or “Exro”) is pleased to announce that due to investor demand, it is increasing the size of its previously announced offering (the "Offering") of units of the Company ("Units") from Cdn $5,000,000 to Cdn $8,000,000. Exro filed a preliminary short form prospectus (the "Prospectus") with respect to the Offering on June 23, 2020.

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

Vancouver, British Columbia (June 23, 2020) - Exro Technologies Inc. (CSE: XRO) (the “Company” or “Exro”) is pleased to announce that it has filed a preliminary short form prospectus (the “Prospectus”) with respect to an offering (the “Offering”) of units (“Units”) at a price of $0.70 per Unit for gross proceeds of up to Cdn $5,000,000. Each Unit will consist of one common share of the Company (a “Unit Share”) and one-half of a common share purchase warrant (each whole common share purchase warrant, a “Warrant”).

Exro Technologies Inc. is Unaware of Any Material Change

VANCOUVER, B.C. (June 10th, 2020) – At the request of IIROC, Exro Technologies Inc. (CSE:XRO; OTCQB: EXROF) (“Exro” or the “Company”) wishes to confirm that the Company’s management 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

VANCOUVER, B.C. (June 15th, 2020) – Exro Technologies Inc. (CSE:XRO; OTCQB: EXROF) (the “Company”) is pleased to announce it has initiated a collaboration agreement (the “Agreement”) with Zero Motorcycles (“Zero”) to evaluate Exro’s patented coil drive technology using Zero’s SR/S powertrain platform.

Exro Technologies Inc. Announces 2020 First Quarter Financial Results

VANCOUVER, B.C. (JUNE 1, 2020) – Exro Technologies Inc. (CSE:XRO; OTCQB: EXROF) (the “Company”) is pleased to announce its first quarter 2020 financial results for the three months ended March 31, 2020.

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

VANCOUVER, B.C. (June 8th, 2020) – Sue Ozdemir, the CEO of Exro Technologies Inc. (CSE:XRO; OTCQB: EXROF) (“Exro” or the “Company”), will present the latest overview of the Company’s advances at The Summit Group Virtual Summer online event on June 10th.

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

VANCOUVER, B.C. (May 21, 2020) – Exro Technologies Inc. (CSE:XRO; OTCQB: EXROF) (the “Company”) is pleased to announce Eric Hustedt, a proven industry innovator in automotive and power electronics, has joined Exro as its new Chief of Engineering.

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

VANCOUVER, B.C. (April 28, 2020) – Exro Technologies Inc. (CSE:XRO; OTCQB: EXROF) (the “Company”) is pleased to announce it has signed a collaboration and supply agreement (the “Agreement”) with Clean Seed Capital Group Ltd. (“Clean Seed”) (TSX-V: CSX) to integrate Exro’s technology into Clean Seed’s high-tech agricultural seeder and planter platforms, advancing the electrification of the world’s heavy-farm equipment.

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

VANCOUVER, B.C. (May 12, 2020) – Exro Technologies Inc. (CSE: XRO; OTCQB: EXROF) (the “Company”) invites investors and industry leaders to view an update of the Company’s technology and commercialization strategy from its Chief Commercial Officer, Josh Sobil.

Corporate update letter from the CEO to shareholders

VANCOUVER, B.C. (April 8, 2020) – Exro Technologies Inc. (CSE: XRO; OTCQB: EXROF) (the “Company”) is providing a Corporate update in a letter from the CEO to its shareholders.

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

VANCOUVER, B.C. (March 31, 2020) – Exro Technologies Inc. (CSE:XRO; OTCQB: EXROF) (the “Company”) is pleased to announce Werner Kitz, an industry leader in electric motors and drives, has joined the Exro Business Advisory Board (“Advisory Board”).

Exro Grants Stock Options

VANCOUVER (March 10, 2020) — Exro Technologies Inc. (CSE: XRO; 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 735,000 shares in the capital of the Company at a price of $0.375 per share, pursuant to the terms of its stock option plan.

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

VANCOUVER, B.C. (March 5, 2020) – Sue Ozdemir, the CEO of Exro Technologies Inc. (CSE:XRO; OTCQB: EXROF) (“Exro” or the “Company”), is pleased to announce Exro’s technology to improve the performance of the world’s electric motors will be profiled on Business TV-News. It will first air this weekend in Canada on the BNN Bloomberg network.

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

LOS ANGELES, CA / ACCESSWIRE / March 4, 2020 / Exro Technologies Inc. (CSE:XRO; OTCQB: EXROF) (“Exro”, the “Company”) today announced it will be presenting at the third annual LD Micro Virtual Conference on Wednesday, March 4 at 11:40AM/2:40 EST. Exro’s CEO Sue Ozdemir will be giving the presentation and answering questions from investors.

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

VANCOUVER, B.C. (March 3, 2020) – Exro Technologies Inc. (CSE:XRO; OTCQB: EXROF) (“Exro”, the “Company”) has been invited to present a white paper of its technology that enhances electric motor performance to the Car Training Institute (CTI), the world’s leading summit on advances in automotive transmission, hybrid and electric drive technologies.

Exro Closes Final Tranche of $4.3 Million Private Placement

VANCOUVER (February 27, 2020) — Exro Technologies Inc. (CSE: XRO; OTCQB: EXROF) (the “Company” or “Exro”) is pleased to announce that, further to its news releases dated February 6 and 14, 2020, it has closed the second and final tranche of its oversubscribed non-brokered private placement financing and raised $4,299,590 through the issuance of 12,284,545 common shares (“Shares”) at a price of $0.35 per Share (the “Offering”). In the second tranche, 2,253,897 Shares were issued for gross proceeds of $788,864.

Exro Closes First Tranche of Private Placement

VANCOUVER (February 14, 2020) — Exro Technologies Inc. (CSE: XRO; OTCQB: EXROF) (the “Company” or “Exro”) is pleased to announce that, further to its news release dated February 6, 2020, it has completed the first tranche of its non-brokered private placement financing and raised $3,510,727 through the issuance of 10,030,648 common shares (“Shares”) at a price of $0.35 per Share (the “Offering”).

Exro Announces $3,000,000 Private Placement

VANCOUVER (February 6, 2020) — Exro Technologies Inc. (CSE: XRO; OTCQB: EXROF) (the “Company” or “Exro”) is pleased to announce that it has 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 (“Shares”) at a price of $0.35 per Share (the “Offering”). The Offering is expected to close on or before February 20, 2020.

Exro Enters Emerging Electric Snowmobile Sector

VANCOUVER, BC (February 6, 2020) — Exro Technologies Inc. (CSE: XRO; OTCQB: EXROF) (the “Company” or “Exro”) continues to expand into new market segments with a strategic agreement with one of the world’s most innovative manufacturers of snowmobile powertrains.

‘Exro Innovation Center’ to Open in Calgary, Alberta

VANCOUVER, BC (January 15, 2020) — Exro Technologies Inc. (CSE: XRO; OTCQB: EXROF) (the “Company” or “Exro”) is pleased to announce it is opening an innovation center in Calgary, Alberta, to demonstrate how Exro dramatically improves the performance of the world’s electric motors.

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

VANCOUVER, B.C. (January 7, 2020) – Exro Technologies Inc. (CSE:XRO; OTCQB: EXROF) (the “Company”) is pleased to announce Viorel Nica, an industry pioneer in maximizing the benefits of electric motors and control systems, has joined the Exro Business Advisory Board (“Advisory Board”).

Exro Appoints Chief Product Officer to Advance 2020 Commercialization

VANCOUVER, B.C. (January 3, 2020) – Exro Technologies Inc. has appointed software and data innovator Steven Moon as Chief Product Officer, to lead further utilization of Exro's electric-motor-enhancing technology by the global marketplace.