RE:RE:RE:Sea announcement Additionally, Fairweather commented, “We are also very excited to welcome Exro Technologiesas a strategic partner and shareholder of SEA Electric. We look forward to expanding our partnership with Exro and helping to optimize the utilization of batteries in a second-life application.”
Exro Technologies, a leading Canadian clean technology company and a strategic SEA Electric partner and shareholder, has been known as a pioneer and a real ‘game changer’ when it comes to the power and efficiency of electric motors. According to Fairweather, the collaboration with Exro will focus on utilizing electric truck batteries for energy storage applications. Exro and SEA Electric will co-develop Exro’s Battery Control System (BCS) for operational validation and take the next step toward leadership in power electronics for mobility and energy management.
“We’re thrilled to be working together with SEA Electric to increase the momentum of commercial electric vehicle uptake,” said Sue Ozdemir, Chief Executive Officer of Exro Technologies. “We have a strong relationship with Tony and the SEA Electric team and are very excited to realize the benefits of the BCS co-development project.”
Working closely with its shareholders, investors and partners including Exro, exclusive financial advisor Eight Capital and international law firm Vinson and Elkins on this financing round, Fairweather confirms the company will also be exploring options to seek a public listing in the United States this year.