Exro Technologies (TSE:EXRO) has released an update.
Exro Technologies Inc. reported a significant year with revenue totaling $5.7 million, marked by the launch of their Coil Driver production and initial deliveries in Q3 and Q4 2023. The company also announced a merger with SEA Electric, projected to bolster technological capabilities and drive revenue growth, alongside a $30 million equity financing deal. These strategic moves, paired with new partnerships and anticipated UL certification for its energy storage system, set Exro on a path toward accelerated growth and profitability.
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