Exro Technologies Announces Fourth Quarter 2021 Financial Results

  • Research and development activities increased twofold for the twelve months ended December 31, 2021, as Exro expanded development relationships and executed on testing and validation of projects to advance the Company’s goals for commercialization in 2022.
  • Exro Vehicle Systems Inc. launched as a services division to provide vehicle integration solutions for automakers pursing electrification.
  • Exro successfully completed a vehicle integration of its 100 Volt Coil Driver™ technology, marking the second vehicle integration of the technology.
  • Exro opened the doors for employees to its 37,000 square foot world-class manufacturing facility in Calgary and commenced construction on the clean room and automotive-grade manufacturing lines, on track to be commissioned by year end.
  • Employees moved into the Company’s U.S. headquarters in Mesa, Arizona, which will increase Exro’s Coil Driver™ testing capacity, create space for its Energy Storage Systems,…

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