About Exro
Exro is a company based in Vancouver (Canada) founded in 2006.. Exro has raised $312.85 thousand across 9 funding rounds. The company has 160 employees as of December 31, 2024. Exro has completed 1 acquisition, including SEA Electric. Exro offers products and services including Coil Driver™, Cell Driver™, and SEA-Drive®. Exro operates in a competitive market with competitors including Fluence, Alsym Energy, EV Realty, Connected Energy and Redback Technologies, among others.
- Headquarter Vancouver, Canada
- Employees 160 as on 31 Dec, 2024
- Stage Public
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Sectors
Transportation, Automotive & LogisticsEnergy & Utilities
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Phone
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Website
*********
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Social
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- Legal Name Exro Technologies, Inc.
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Annual Revenue
$16.03 M (USD)0as on Dec 31, 2024
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Net Profit
$-200.81 M (USD)-470.75as on Dec 31, 2024
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EBITDA
$-42.95 M (USD)-51.08as on Dec 31, 2024
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Total Equity Funding
$312.85 K (USD)
in 9 rounds
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Latest Funding Round
$623.16 K (USD), Post-IPO
Dec 31, 2024
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Investors
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Employee Count
160
as on Dec 31, 2024
- Investments & Acquisitions
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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.
Products & Services of Exro
Exro offers a comprehensive portfolio of products and services, including Coil Driver™, Cell Driver™, and SEA-Drive®. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Adaptive inverter for dynamic EV motor performance.
Manages battery cells for safety and efficiency.
Complete electrification solution for commercial vehicles.
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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 Total Funding
- Total Rounds 9
- Last Round Post-IPO — $623,155
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First Round
First Round
(01 Jun 2006)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2024 | Amount | Post-IPO - Exro | Valuation |
investors |
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| Feb, 2024 | Amount | Post-IPO - Exro | Valuation |
investors |
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| Aug, 2022 | Amount | Post-IPO - Exro | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Exro
Exro has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include SEA Electric. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Electric power systems for commercial vehicles are manufactured and developed.
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2012 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Exro
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Exro Comparisons
Competitors of Exro
Exro operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Fluence, Alsym Energy, EV Realty, Connected Energy and Redback Technologies, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Energy storage systems are supplied for industrial renewable applications.
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| domain | founded_year | HQ Location |
Non-flammable battery solutions are provided for vehicles and storage systems.
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| domain | founded_year | HQ Location |
Grid-scale EV charging infrastructure is developed for fleet electrification.
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| domain | founded_year | HQ Location |
Battery energy storage systems are supplied to various industries.
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| domain | founded_year | HQ Location |
Developer of solar power packs for home
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Exro
Frequently Asked Questions about Exro
When was Exro founded?
Exro was founded in 2006.
Where is Exro located?
Exro is headquartered in Vancouver, Canada. It is registered at Vancouver, British Columbia, Canada.
Is Exro a funded company?
Exro is a funded company, having raised a total of $312.85K across 9 funding rounds to date.
How many employees does Exro have?
As of Dec 31, 2024, the latest employee count at Exro is 160.
What is the annual revenue of Exro?
Annual revenue of Exro is $16.03M as on Dec 31, 2024.
What does Exro do?
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.
Who are the top competitors of Exro?
Exro's top competitors include Fluence, EV Realty and Connected Energy.
What products or services does Exro offer?
Exro offers Coil Driver™, Cell Driver™, and SEA-Drive®.
Is Exro publicly traded?
Yes, Exro is publicly traded on TSX under the ticker symbol EXRO.
How many acquisitions has Exro made?
Exro has made 1 acquisition, including SEA Electric.
What is Exro's ticker symbol?
The ticker symbol of Exro is EXRO on TSX.
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