Predict your next investment

INDUSTRIAL | Manufacturing / Industrial Machinery & Equipment Distribution
exro.com

See what CB Insights has to offer

Stage

Acquired | Acquired

Total Raised

$1.14M

About EXRO Technologies

Provider of dynamic power management technology. The company has developed a control system that integrates wiring of the rotating machine coils into the power electronics. This gives the power electronics control of the machine coil wiring configuration in real time, providing a range of options in place of a fixed machine configuration. The control system will select the best configuration for a given operating condition using an application-specific algorithm. Its aim is to enhance energy capture from variable sources and improve the efficiency of electrical generators, motors, and drives.

EXRO Technologies Headquarter Location

2820-200 Granville Street

Vancouver, British Columbia, V6C 1S4,

Canada

(604)721-3441

Latest EXRO Technologies News

VSA Capital Market Movers - Exro Technologies Inc

Nov 30, 2021

Exro Technologies Inc (CVE:EXRO) has developed and patented its Coil DriverTM technology, which replaces classic inverters in Electric Vehicles (EVs). The technology can calculate the system’s demands for torque or speed, and seamlessly switch the configuration to match the desired output in real time delivering optimal performance at low and high speeds. Technology Driving EV Performance and Efficiency   Exro Technologies Inc ( Exro Technologies (TSX-V:EXRO, OTCQB:EXROF) ) has developed and patented its Coil DriverTM technology, which replaces classic inverters in Electric Vehicles (EVs). The technology can calculate the system’s demands for torque or speed, and seamlessly switch the configuration to match the desired output in real time delivering optimal performance at low and high speeds. Today, dual electric motors are often used to provide EVs with “two gears” - high torque and high power. The Exro Coil DriverTM  leads to reduced EV system costs, increased power density and range. Application Across the EV Types Exro’s largest target market opportunity is deploying its Coil DriverTM  technology into the EV segment. This market covers different requirements for torque and power. Commercial vehicles require high torque to move loads from standstill. For passenger vehicles, a combination of good torque and power is desirable: from hill starts to motorway speeds. For electric two-wheel vehicles, greater power is more desirable. Exro’s technology enables a breadth of performance across the torque/power mix for commercial, passenger and recreational vehicles. Global EV Market Opportunity The global EV inverter market is estimated to be growing at 17.5% compound and forecast be worth US$7.7bn by 2025. End markets are large and growing. According to Bloomberg New Energy Finance (BNEF), the market for two-wheel EVs (E2Ws) and three-wheel EVs (E3Ws) is valued at around US$97bn. Research house Canalys forecast 66% growth in passenger EV sales in 2021 to 5 million units (8% of the market). In the commercial EV markets, the top ten global truck makers are developing new models. Recommendation and Target Price  We initiate research coverage of Exro Technologies Inc. with a Buy recommendation and 12-month Target Price of C$8.10/sh. VSA Capital Limited, Park House, 16-18 Finsbury Circus, London EC2M 7EB | www.vsacapital.com This email is intended solely for the named recipient. It may contain privileged and/or confidential information. If you are not one of the intended recipients, please notify the sender immediately, and destroy this email: any disclosure, copying to any person or any action taken or omitted to be taken in reliance on this e-mail, is prohibited and may be unlawful. Any views expressed in this message are those of the individual sender, except where specifically stated to be the view of VSA Capital Limited, its subsidiaries or associates. Whilst all efforts are made to safeguard inbound and outbound emails, VSA Capital Limited and its subsidiaries or associates cannot guarantee that attachments are virus-free or compatible with your systems and do not accept any liability in respect of viruses or computer problems experienced. VSA Capital Limited will use your personal information to administer your account in order to provide any products and services you have requested from us. Your personal information will be kept secure and will not be shared with any other party unless you provide consent to that effect. VSA Capital Limited is Authorised and Regulated by the Financial Conduct Authority and is a member of the London Stock Exchange. The Company is registered in England with company number 2405923 at Park House, 16-18 Finsbury Circus, London EC2M 7EB. Please consider the environment before printing this e-mail unsubscribe from this list    update subscription preferences  Add related topics to MyProactive

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.