2024 – A Year of Harsh Realities for EXRO Technologies

…but with the usual sliver of promise EXRO ended 2024 with mixed results that fell far short of early-year expectations. When announcing its merger with SEA Electric in early 2024, EXRO forecasted over $200 million in annual revenue, largely based on delivering up to 1,000 SEA-Drive® electric propulsion systems. However, actual results told a different … Read more

The Budderfly Effect

A Potential Game-Changer for EXRO Technologies EXRO announced in August 2024 a strategic agreement under its CELLEX subsidiary, involving a binding purchase order for ten Cell Driver™ pilot units. While EXRO has not disclosed the name of its new Energy-as-a-Service (EaaS) partner, a coincidentally timed article also from August 2024 on Facilities Dive suggests that … Read more

Enjoy this content? Please spread the word.

Follow by Email
RSS