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

EXRO Initiates Pilot Testing on an International eMV Truck

Dash of the eMV

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

EXRO and Motorino: A Partnership That Fizzled Out

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 + HB4 + SM4E + Casalini = The Future of European Urban Mobility?

Casalini eKerry 2 with EXRO Inverter

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

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