Exro Technologies Inc.
Other OTCCapital Structure
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.- CEO
- Darrell Bishop
- Full Time Employees
- 160
- Sector
- Industrials
- Industry
- Electrical Equipment & Parts
- Address
- 12-21 Highfield Circle SE Calgary AB Canada T2G 5N6
- IPO Date
- Dec 4, 2017
- CIK
- 0001459762
- Website
- exro.com
- Similar Companies
- Business
- Exro Technologies Inc specializes in advanced power control technologies for e-mobility and energy storage, offering core products that include the Coil Driver™, an advanced electric motor controller enabling multiple power and torque settings; the SEA-Drive®, a comprehensive electric propulsion system designed for commercial vehicles integrating batteries, electric motors, and next-generation control units; and the Cell Driver™, a fully integrated energy storage system equipped with proprietary battery control software for commercial and industrial applications. The company provides engineering services for electrified power systems, covering design, development, integration, and verification, targeting manufacturers of electric vehicles and energy storage solutions primarily in North America, with a focus on commercial vehicle electrification and energy storage optimization. Founded in 2014 and headquartered in Calgary, Alberta, Exro operates in the clean energy and electric vehicle technology sectors. Recently, Exro underwent significant corporate restructuring to optimize costs and focus on core strategic markets, including the wind-down of its Australian subsidiary and the cessation of certain U.S. business operations. The company secured a $30 million credit facility and restructured its $15 million convertible debentures to improve liquidity and operational runway amidst challenging market conditions. Exro reported declining revenues in 2025 due to slower electric vehicle adoption but continued strategic partnerships with major automotive OEMs, including Stellantis, advancing integration of its Coil Driver™ technology into commercial EV platforms. Additionally, Exro is actively engaged in a strategic review process involving potential sales of intellectual property, technology partnerships, mergers, or acquisitions, alongside workforce reductions primarily affecting units related to Cell Driver and Coil Driver operations to enhance capital efficiency. Exro Technologies targets the electric vehicle and clean energy industries with technology that optimizes energy use and performance, aiming to bridge the cost and performance gap in electrification. Its technology applications extend across electric vehicles, including commercial trucks and buses, energy storage systems, and other industrial uses. The company’s strategic focus includes innovation in proprietary power electronics and battery management to support the transition to sustainable electrified transportation and energy systems while navigating financial challenges and market shifts in 2025. Exro remains headquartered in Calgary, Alberta, with an operational focus on North American markets and selected international regions through subsidiaries and partnerships.
Exro Technologies Discontinues US Business
Exro Technologies Inc. (EXROF) Reports Q2 Loss, Misses Revenue Estimates
Exro Technologies Reports Second Quarter 2025 Results
Exro Announces Postponement of Annual General Meeting to September
Exro Technologies Provides Corporate Update
Exro Technologies Inc. (EXROF) Reports Q1 Loss, Misses Revenue Estimates
Exro Technologies Reports First Quarter 2025 Results
Exro Technologies Responds to Market Activity
Exro Technologies Inc. (EXROF) Reports Q4 Loss, Misses Revenue Estimates
Exro Technologies Announces Fourth Quarter and Full Year 2024 Financial Results
Exro Releases 2025 Letter to Shareholders
EXRO PROVIDES UPDATE ON SEMI-ANNUAL INTEREST PAYMENTS ON OUTSTANDING CONVERTIBLE DEBENTURES
Green Stock News for December 12, 2024: $DEVS $CSIQ $EXROF $SMXT
Exro's Cellex Division Completes Installation of First Cell Driver™ Energy Storage System at Red Deer Polytechnic
Exro to Participate in the Benchmark 13th Annual Discovery Investor Conference
Exro Technologies Learns of Threatened Lawsuit
Exro to Showcase its Innovative Technologies at Inaugural Analyst Day
Exro Technologies Inc. (EXROF) Reports Q3 Loss, Tops Revenue Estimates
Exro Technologies Reports Third Quarter 2024 Financial Results
Exro to Participate in 13th Annual ROTH Technology Conference