ExRo Technologies
- Company typePublic
- Founded2017
- HeadquartersCalgary, Canada
- Headcount101–250
- GTM typeB2B
- OfferingHardware or Manufacturing
What ExRo Technologies does
Exro Technologies Inc. is a Canadian clean-technology company headquartered in Calgary, Alberta, that has historically operated as a B2B supplier of proprietary power electronics and battery control technologies to electric vehicle manufacturers and fleet operators, rather than as a vehicle OEM itself. The company's product portfolio centers on two proprietary platforms: Coil Driver, a smart drive system applying power electronics to electric vehicle drivetrains for efficiency gains, and Cell Driver, a battery control/management technology intended for EV and energy storage applications.
Its commercial model has been OEM-embedded: supplying or co-developing its technology with EV manufacturers and fleet operators, with the most significant disclosed commercial agreement being a strategic partnership with Linamar Corporation (signed May 2023) to produce and commercialize an integrated electric beam axle for Class 3-6 commercial vehicles. The company pursued a vertical segmentation strategy targeting EV OEMs, fleet operators, and medium-duty commercial vehicle applications, and expanded its footprint through the 2024 acquisition of SEA Electric to extend into commercial vehicle electrification.
As of 2025, the company is in acute financial distress. Its shares were delisted from the TSX in November 2025 and its US subsidiaries filed for Chapter 7 creditor protection. The CEO resigned, a Chief Restructuring Officer was appointed, an Australian subsidiary wind-down is underway, and a strategic review is exploring partnerships, restructuring, or transactions. Q2 2025 revenue was $2.9 million against an $81.7 million net loss driven by wind-downs and asset impairments, indicating the business has not achieved commercial scale relative to cumulative capital deployed.
ExRo Technologies firmographics
Firmographics- Name
- ExRo Technologies
- Legal name
- Exro Technologies Inc.
- Website
- https://exro.com
- Company type
- Public
- Founded year
- 2017
- Headcount range
- 101–250 employees
- Ownership category
- akta.pro rank
ExRo Technologies industry classification
Industry- Product category
- Electric Vehicle Power Electronics
- NAICS
- Motor Vehicle Electrical and Electronic Equipment Manufacturing (33632), Motor Vehicle Transmission and Power Train Parts Manufacturing (33635), Other Electrical Equipment and Component Manufacturing (3359)
- SIC
- Electronic & Other Electrical Equipment (No Computer Equip) (3600), Motors & Generators (3621), Electronic Components & Accessories (3670)
- akta.pro primary industry
- Electric Drive Unit / E-Axle Manufacturing (Motors/Inverters/Gearboxes) (IMACACAC)
- akta.pro secondary industries
- Power Electronics Manufacturing (Inverters/DC-DC/Onboard Chargers) (IMACACAD), Truck & Commercial Vehicle Electrification Manufacturing (eAxles/Battery Packs/Fuel Cells) (IMACABAK), Automotive Charging Hardware Manufacturing (On-board Chargers, Charge Inlets, DC-DC) (IMACAJAK)
Keywords
Where ExRo Technologies is headquartered
LocationHeadquarters
- HQ city
- Calgary
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
ExRo Technologies business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Technology or R&D, Personnel, Operations, Supply Chain, Infrastructure
Revenue model
- Power Electronics Technology: Revenue from commercialization of power electronic technology including Coil Driver and Cell Driver for EVs and energy storage. Q2 2025 reported revenue of $2.9 million, indicating early-stage commercial phase with limited revenue to date.
Go-to-market motion1 record
Distribution channels1 record
ExRo Technologies product offering
Product offeringCore offering
Exro Technologies supplies proprietary power electronics hardware to EV manufacturers and fleet operators. Its two core products are the Coil Driver, a smart drive system for electric vehicle powertrains, and the Cell Driver, a battery control and management system for EVs and energy storage applications. The company also co-developed an integrated electric beam axle for Class 3-6 commercial vehicles with Linamar Corporation, positioning itself as a B2B technology partner to OEMs rather than as a vehicle manufacturer.
Product overview
Exro Technologies Inc. is a Canadian clean-technology company that operates as a B2B supplier of smart drive systems and battery control technology to EV makers and fleet operators. The company's product portfolio consists of two core proprietary technologies: Coil Driver (power electronics for electric vehicle drivetrains) and Cell Driver (battery management/control systems). These technologies position Exro as a technology partner to OEMs rather than a vehicle manufacturer itself. The company has also been developing an integrated electric beam axle solution for Class 3-6 commercial vehicles in partnership with Linamar Corporation.
Differentiator
Problem solved
Functional benefit
Products and services
- Coil Driver
- Cell Driver
- Integrated Electric Beam Axle
Quantifiable outcome
- Integrated electric beam axle production targeted for late 2024
Companies that use ExRo Technologies
Customer profileNamed customers2 records
Segments3 records
Ideal customer profiles3 records
ExRo Technologies technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
ExRo Technologies partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Linamar CorporationcoreExro and Linamar Corporation signed a definitive agreement to produce and commercialize a new integrated electric beam axle for Class 3-6 vehicles, with production targeted to begin by late 2024. This is a key strategic partnership for commercialization of Exro's EV technology.
Scale indicators6 records
Recent moves6 records
Expansion highlights4 records
ExRo Technologies competitors and assessment
Company assessmentDirect peers
- Dana Incorporated: Dana is a direct peer as a major manufacturer of eAxles, electric drivetrain components, and power electronics for light-, medium-, and heavy-duty vehicles — directly comparable to Exro's Coil Driver and Linamar eAxle programs in the Class 3-6 commercial segment.
- Lion Electric: Lion Electric manufactures all-electric medium- and heavy-duty commercial vehicles (Class 3-8), and historically partnered with SEA Electric (now Exro) for powertrain technology — a directly comparable competitor in the same commercial vehicle electrification segment.
- Meritor: Meritor (now part of Cummins' powertrain business) manufactures eAxles and electric drivetrains for commercial trucks and buses, a directly comparable product category to Exro's integrated electric beam axle with Linamar. Targets the same medium- and heavy-duty commercial vehicle OEMs.
- Hyliion Holdings: Hyliion is a direct peer focused on electric and hybrid powertrain solutions for Class 8 trucks, targeting fleet operators with electrification technology — a similar GTM motion to Exro's fleet electrification use case via Coil Driver/Cell Driver.
- Allison Transmission: Allison Transmission is a direct peer in commercial vehicle drivetrains and is actively electrifying its product lineup (eGen Power eAxles for medium- and heavy-duty trucks), competing for the same Class 3-6 commercial vehicle electrification customers Exro targets via Linamar.
Emerging players
- Workhorse Group: Workhorse Group develops electric delivery vehicles and powertrain solutions for last-mile commercial fleets, overlapping with Exro's commercial vehicle electrification focus (Class 3-6) and fleet operator GTM motion.
- Hexagon Purus: Hexagon Purus is an emerging player in battery packs, battery management systems, and hydrogen storage for commercial vehicles, directly overlapping with Exro's Cell Driver battery control technology in commercial fleet applications.
Broad incumbents
- BorgWarner: BorgWarner is a broad incumbent in automotive power electronics and eDrive systems (inverters, DC-DC converters, electric motors), with deep OEM relationships and significantly greater scale than Exro. Overlaps directly with Exro's Coil Driver value proposition but across a much broader product portfolio.
- Aptiv PLC: Aptiv is a broad incumbent in automotive electrical architecture, power electronics, and high-voltage distribution systems, with overlapping capabilities to Exro's power electronics platform but serving a much broader customer base across passenger and commercial OEMs.
- ZF Friedrichshafen: ZF is a broad incumbent supplying eAxles (including CeTrax and AxTrax lines), power electronics, and full electric drivetrains for commercial vehicles and passenger EVs, with significantly broader scale, vertical integration, and global OEM relationships than Exro.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat3 records
Key risks6 records
Key highlights5 records
Customer concentration
ExRo Technologies social profiles
Digital presenceExRo Technologies financial estimates
Financial estimateRevenue estimate
Valuation estimate
ExRo Technologies leadership team
Management profileNumber of profiles
Profiles6 records
ExRo Technologies subsidiaries and ownership
Company hierarchySubsidiaries2 records
ExRo Technologies funding detail
Funding detailFunding overview
Funding rounds14 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
ExRo Technologies M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about ExRo Technologies
What does ExRo Technologies do?
Exro Technologies supplies proprietary power electronics hardware to EV manufacturers and fleet operators. Its two core products are the Coil Driver, a smart drive system for electric vehicle powertrains, and the Cell Driver, a battery control and management system for EVs and energy storage applications. The company also co-developed an integrated electric beam axle for Class 3-6 commercial vehicles with Linamar Corporation, positioning itself as a B2B technology partner to OEMs rather than as a vehicle manufacturer.
Is ExRo Technologies a public or private company?
ExRo Technologies is a public company. It is classified as public.
When was ExRo Technologies founded?
ExRo Technologies was founded in 2017. It employs 101 to 250 people.
Where is ExRo Technologies based?
ExRo Technologies is headquartered in Calgary, Canada, in the North America region.
How does ExRo Technologies make money?
One revenue line is on record: power Electronics Technology.
Who are ExRo Technologies's main competitors?
Direct peers on record are Dana Incorporated, Lion Electric, Meritor, Hyliion Holdings and Allison Transmission. Emerging players are Workhorse Group and Hexagon Purus. Broad incumbents are BorgWarner, Aptiv PLC and ZF Friedrichshafen.
Does ExRo Technologies have an API?
No public API is recorded for ExRo Technologies.
What industry is ExRo Technologies in?
ExRo Technologies's product category is Electric Vehicle Power Electronics. Its primary akta.pro industry code is IMACACAC, Electric Drive Unit / E-Axle Manufacturing (Motors/Inverters/Gearboxes), with a secondary code of IMACACAD, Power Electronics Manufacturing (Inverters/DC-DC/Onboard Chargers). Its NAICS code is 33632 and its SIC code is 3600.