Merger And ExpansionThe shareholder meeting is scheduled to approve the merger with private company SEA Electric, which could develop a new North American supply chain for electric propulsion systems.
Revenue GrowthEXROF reiterated a target to deliver 1,000 propulsion systems in 2024, potentially leading to more than C$200M of revenue.
Strategic PartnershipsSEA brings its unique vehicle control unit (VCU) technology and firm orders from blue chip OEM customers, thereby accelerating Exro's path to profitability.