Exro Technologies

Exro Technologies

Exro Technologies develops technology for energy management systems for electric motors.

Exro Technologies is a Vancouver, B.C., Canada-based company producing technology for self-sustaining electric motors. It claims to leverage new technology to improve the performance, longevity, and efficiency of batteries, including those used in electric motors and generators.

Exro developed a Dynamic Power Management System (DPM) that separates individual coils the enable power switching between coils as needed. This system is used in electric engines and generators. The company claims this allows for a broader range of energy creation within the batteries.

Patented technology developed by Exro is being utilized in various applications including, electric vehicles, unmanned aerial vehicles (UVAs), and ship drives. Exro is not developing its own engines; instead, it works within powertrains that already exist through partnerships with other companies.

Stock Exchange

In September of 2020, Exro moved from the Canadian Security Exchange (CSE) to the TSX Venture Exchange, using EXRO as the company ticker.

Partnerships

Exro Technologies has developed various partnerships with a variety of companies looking to leverage the DPM system. These partnerships include Motorino Electric, an electric bike company; Zero Motorcycles, an electric-powered motorcycle manufacturer; Aurora Powertrains, a snowmobile powertrain manufacturer; Potencia Industrial, an electric motor designer; and Clean Seed Capital, a heavy farm equipment manufacturer.

Timeline

October 22, 2020

Heinzmann Gmbh and Exro Technologies to Collaborate in Developing Advanced Coil Drive Technology for the Electric Micro Mobility and Lev Market.

October 21, 2020

Exro Technologies Inc announces partnership with Australian auto technology company SEA Electric for electric powertrain technology for trucks and delivery vehicles.

October 20, 2020

(Exro Technologies announces it is opening the doors to the newly established Calgary Innovation Center.

Launching of the Innovation Center in Calgary marks a major milestone for Exro in its path to delivering commercial products.

June 15, 2020

Exro announces partnership with CleanTech's Zero Motorcycle, a San Francisco-based electric motorcycle company.

Funding rounds

Funding round
Funding type
Funding round amount (USD)
Funding round date
Investment
Exro Technologies seed round
300,000
January 1, 2006
2 Results
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People

Name
Role
LinkedIn

Amit Kumar

Employee

Cassidy Silbernagel

Employee

Chris Varrone

Investor

Dawn Underwood

Employee

Kristaps Ronka

Investor

Further reading

Title
Author
Link
Type
Date

Exro Technologies enters multibillion-dollar micro mobility sector through new collaboration with German drivetrain manufacturer Heinzmann

Angela Harmantas

Web

September 24, 2020

Documentaries, videos and podcasts

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

References

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