From today's news..."With the closing of this private placement, and the agency agreement launched concurrently which closed on September 1st, Exro is capitalized to continue to our mission to innovate products that change how the world optimizes energy in e-mobility and stationary energy storage", said Chief Executive Officer Sue Ozdemir. "We understand that these are very challenging markets. We are pleased to have the support to close at the high end of our ‘up to $10 million’ financing target, bringing in sufficient capital to see the company through a pipeline of catalysts we are intent on delivering for shareholders, while also keeping dilution to a minimum. Over the coming days, weeks, and months, our focus is to continue to provide visibility to shareholders through purchase orders, strategic partnerships, pilots, and product deliveries, on the underestimated scalability of our revenue ramp as we move into commercialization of our energy storage system in Q2 2023 and Coil Driver series production in Q3 2023.”