- Business
- Exro Technologies Inc. is a clean technology company headquartered in Vancouver, Canada, specializing in designing, engineering, and manufacturing advanced power control electronics primarily for electric motors, batteries, and generators. The company's core product portfolio includes the patented Coil Driver™ technology, an adaptive inverter system that optimizes electric vehicle (EV) powertrain performance, and the Cell Driver™ battery control system used in stationary energy storage solutions. Exro targets multiple markets including electric commercial vehicles, passenger EVs, off-highway applications, and stationary energy storage, serving global customers with operations focused in North America, Europe, and expanding into South America. Founded in 2014, Exro delivers innovative power electronics solutions designed to improve efficiency, reduce costs, and enhance the capabilities of electric propulsion systems.
Recent major developments include the strategic acquisition of SEA Electric Inc. in 2024, valued at over $400 million, significantly expanding Exro’s capabilities and market reach in electric commercial vehicle propulsion systems. The company has also entered into strategic partnerships with leading global motor manufacturers, such as Wolong Electric Group, to co-develop next-generation EV powertrain solutions for commercial and off-highway vehicles, with trials and system testing progressing through 2023 and 2024. Additional strategic collaborations include partnerships with Giaffone Electric for commercial vehicle integration in South America and channel sales alliances with renewable energy integrators in North America and the Caribbean. Exro has been advancing UL certification for its Cell Driver™ stationary energy storage system and making technology integration progress with major OEMs, including automotive leaders like Stellantis N.V., to expand Coil Driver™ applications in passenger vehicles. These initiatives underscore Exro’s strategic shift towards scalable commercialization and integration of its power control technologies across diverse electrification markets.