About Exro
Exro is a publicly listed company based in Vancouver (Canada) founded in 2006. Developer of power electronics for electric vehicles and energy storage. It operates in the Transportation, Automotive & Logistics and Energy & Utilities sectors. Exro has raised $312.85 thousand across 9 funding rounds. The company has 160 employees. Exro has completed 1 acquisition, including SEA Electric. Its website exro.com draws about 25 thousand monthly visits. Exro offers products and services including Coil Driver™, Cell Driver™, and SEA-Drive®. Its focus areas include Energy Tech, Electric Vehicles, Charging Solutions and Energy Storage System. Its legal entity is EXRO TECHNOLOGIES USA INC.
Company details
Exro was founded in 2006 in Vancouver, Canada, and operates in the power electronics sector for electric vehicles and energy storage. Traction inverters, e-propulsion systems, and energy storage systems are designed and manufactured using patented technologies to address performance, efficiency, and cost factors. End-to-end electrification engineering services are also provided to vehicle manufacturers, with operations focused on improving electric vehicle and storage technologies.
- Annual Revenue$16.03 M (USD)as on Dec 31, 2024
- Net Profit-$200.81 M (USD)-470.75as on Dec 31, 2024
- EBITDA-$42.95 M (USD)-51.08as on Dec 31, 2024
- Total Equity Funding$312.85K (USD)
in 9 rounds
- Latest Funding Round$623.16K (USD), Post-IPO
Dec 2024
- Employee Count160
- Investments & Acquisitions
Products & Services of Exro
Exro offers a comprehensive portfolio of products and services, including Coil Driver™, Cell Driver™, and SEA-Drive®.
Adaptive inverter for dynamic EV motor performance.
Manages battery cells for safety and efficiency.
Complete electrification solution for commercial vehicles.
Apps and channels of Exro
its YouTube channel Exro has 1.48K subscribers and 30 videos.
Videos from Exro
The most watched videos on Exro's YouTube channel, Exro (1.48K subscribers). Click a video to play it here.
More on Exro.
Funding Insights of Exro
Exro has successfully raised a total of $312.85K across 9 strategic funding rounds. The most recent funding activity was a Post-IPO round of $623.16 thousand completed in December 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $312,849
- Total Rounds 9
- Last Round Post-IPO — $623,155
- First Round $300,000
(Jun 2006)
All 9 funding rounds of Exro with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2024 | $623,155 | Post-IPO | – | – | – |
| Feb 2024 | Post-IPO | – | – | – | |
| Aug 2022 | Post-IPO | – | – | – | |
| Dec 2020 | $4.41M | Post-IPO | – | – | – |
| Feb 2020 | $4.3M | Post-IPO | – | – | – |
| Nov 2019 | $16,000 | Post-IPO | – | – | – |
| Mar 2019 | $2.05M | Post-IPO | – | – | – |
| Apr 2009 | $12,849 | Seed | – | – | – |
| Jun 2006 | $300,000 | Seed | – | – | – |
People of Exro
36 people are tracked at Exro (9 in leadership, 6 in board & advisors, 21 in team); the tracked headcount is 160.
| Name | Role | Group |
|---|---|---|
Spyros Gorgogiannis | Chief Engineering Officer | Leadership |
Chris Rankin | Chief Restructuring Officer | Leadership |
Tim Rostrup | Director Corporate Development | Leadership |
Darrell Bishop | Chief Investment Officer & Sales | Leadership |
Eric Hustedt | CTO | Leadership |
Brent Ackerman | Senior Director Information Systems | Leadership |
Raymond M. | Vice President Of Legal & Corporate Secretary (tsx: Exro) | Leadership |
Sarah Lee | Sr. Vice President Of People | Leadership |
Nathan Copeland | VP Program Management And Systems Engineering | Leadership |
Julie Wormlinger | Director | Board & advisors |
Terrence Johnsson | Director | Board & advisors |
Anita Ganti | Director | Board & advisors |
Aleksandra Miziolek | Director | Board & advisors |
Frank Simpkins | Director | Board & advisors |
Rod Copes | Chairman | Board & advisors |
Stephen Weeks | Power Electronics Engineering Manager | Team |
Mohammad Daryaei | Controls Engineer | Team |
Vincent Renaud Lépine | Software Firmware Engineer | Team |
Chris Hendry | Lab Manager -bcs | Team |
Arianna Berger | Power Electronics Engineer In Training | Team |
16 more people are available in the full profile.
Complete people profiles for Exro
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
IPO & Listings of Exro
Exro is a publicly listed company on the TSX with ticker symbol EXRO in Canada, operating in the Producer manufacturing sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date08 Jul 2021
- Listed onTSX: EXRO
- Listed entityExro Technologies, Inc.
- Exchange sectorProducer manufacturing
- Share price0.02 CAD · 2025-09-29
- Market capitalisation11,456,008.00 CAD
- EPS (diluted, trailing year)-0.64 CAD
- Analyst consensusNeutral
Financials of Exro
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2024 | 23.1M CAD | -288.9M CAD | -61.8M CAD |
| 2023 | -50.6M CAD | -40.9M CAD | |
| 2022 | 2.2M CAD | -40.0M CAD | -36.0M CAD |
| 2021 | -24.6M CAD | -29.9M CAD | |
| 2020 | -11.0M CAD | -10.5M CAD |
Detailed financial statements for Exro
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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Investments & Acquisitions by Exro
Exro has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include SEA Electric.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Electric power systems for commercial vehicles are manufactured and developed. | sea-electric.com | Torrance, United States | 2012 | May 2024 | $300M |
Complete acquisition details for Exro
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
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Verified entity values are shown only after access is granted.
Timeline of Exro
5 dated milestones of Exro across 18 years, from founding to its latest funding, stage changes and deals.
- Founded Exro is founded.
- Funding First funding round of $300K.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires SEA Electric.
- Funding Latest funding round, Post-IPO, of $623K.
Web traffic of Exro
The website of Exro (exro.com) receives about 25.1K visits a month and ranks #938,664 among all websites worldwide, #8,579 in Investing.
- Monthly visits25.1K
▼ 10.4% vs previous month
- Unique visitors11.5K
per month
- Global rank#938,664
among all websites
- Category rank#8,579
Finance · Investing
- Bounce rate44%
- Pages per visit2.4
- Average visit23 sec
- DevicesDesktop 29% · Mobile 71%
Websites whose visitors overlap most with Exro. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| lightningemotors.com | 100% | View details |
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Related news about Exro
Complete news archive for Exro
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Frequently Asked Questions about Exro
Exro was founded in 2006.
Exro is headquartered in Vancouver, Canada. It is registered at Vancouver, British Columbia, Canada.
Exro is a funded company, having raised a total of $312.85K across 9 funding rounds to date. The company's 1st funding round was a Seed of $300K, raised on Jun 2006.
Exro has 160 employees.
Annual revenue of Exro is $16.03M as on Dec 31, 2024.
Exro was founded in 2006 in Vancouver, Canada, and operates in the power electronics sector for electric vehicles and energy storage. Traction inverters, e-propulsion systems, and energy storage systems are designed and manufactured using patented technologies to address performance, efficiency, and cost factors. End-to-end electrification engineering services are also provided to vehicle manufacturers, with operations focused on improving electric vehicle and storage technologies.
Exro offers Coil Driver™, Cell Driver™, and SEA-Drive®.
Yes, Exro is publicly traded on TSX under the ticker symbol EXRO.
Exro has made 1 acquisition, including SEA Electric.
Exro operates through Exro Technologies Usa Inc.