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Pick of The Week

Exro Technologies Inc.

Exro Technologies Inc. (CSE: XRO) (OTCQB: EXROF), a Canadian technology company, is an innovative pioneer in the energy sector. Exro has developed and commercialized an electric power module (EPM) that integrates into existing motor systems to make them smarter. Exro’s patented technology optimizes existing motor performance by automatically sensing and adapting operating parameters to an optimized state, creating measurable efficiency gains, reduced mechanical components and increased system availability.

Investment Considerations:

  • Corporate vision represents a multibillion opportunity for Exro’s energy management system solutions, aimed at accelerating the worldwide adoption of electric and renewable power systems
  • Target global market size includes 63 billion bikes and scooters, 55 billion electric vehicles, and 14 billion e-recreational vehicles such as snowmobiles, boats and ATVs
  • Global market growth in the electric motor sectors will continue as the demand for low-impact, zero-emission vehicles accelerates. The projected growth in EV sales is 40% CAGR to 2030. At that time estimated sales of EVs will be 60M units per year with a 50% share of total units sold.
  • Exro’s technology can be applied and scaled to a wide variety of commercial sectors
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