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

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 Technologies Analyst Day 2024

Overview of EXRO’s Analyst Day EXRO Technologies hosted its inaugural Analyst Day on November 14, 2024, offering insights into its technology, financials, and future outlook. The company’s leadership emphasized resilience in navigating the challenges of the electrification market while positioning EXRO for long-term growth. Investors gained some clarity on EXRO’s three revenue streams: propulsion systems, … Read more

CELLEX or ‘SELL’EX?: The future of the Cell Driver

The establishment of CELLEX Energy Inc., as a subsidiary of EXRO Technologies, in June of 2024 has generated significant speculation and discussion among long-term investors regarding a potential sale or spin-off of the Cell Driver™ technology. This analysis explores the likelihood of such a transaction, the potential structure it could take, and the strategic implications … Read more

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