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…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
On February 3, 2025, EXRO announced that its innovative technology is being installed and tested on an International eMV truck. Detailed in the press release/shareholder letter and shared via an X post from EXRO Technologies, the current development is currently limited to this single trial unit, but the press release also notes that if the … Read more
In September 2019, Shareholders were excited when EXRO publicly disclosed the first partnership under new CEO Sue Ozdemir, signing a licensing agreement with Motorino Electric. Motorino was described as a “pioneer in the Canadian electric transportation industry” with an extensive product line of electric bicycles, scooters, and motorcycles. The agreement centered around EXRO’s Coil switching … Read more
EXRO’s Coil Driver™ technology is central to several key partnerships and product integrations. These collaborations have significant implications for the technology’s long-term success. Below is an overview of how EXRO, HB4, SM4E, and Casalini are interconnected and what it means for EXRO’s future. EXRO’s Coil Driver™ Technology HB4 Group Partnership SM4E Motors Casalini Integration We … Read more
