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Exro Technologies Inc T.EXRO

Alternate Symbol(s):  EXROF | T.EXRO.WT | T.EXRO.WT.A

Exro Technologies Inc. is a clean technology company. The Company is engaged in developing power control electronics that expand the capabilities of electric motors and batteries. Its technologies include e-mobility (Coil Driver) and stationary energy storage (Cell Driver). The Coil Drive technology is an adaptive traction inverter that replaces the standard 3-phase inverter in electric vehicles. Utilizing its patented coil switching technology, the Coil Driver enables the motor to dynamically switch between two modes, series mode optimized for high torque at low speeds, and parallel mode optimized for high power and efficiency at high speeds. The Cell Driver technology is a fully integrated energy storage system designed for commercial and industrial applications. Its SEA-Drive power system provides a complete e-propulsion solution to original equipment manufacturers. It encompasses everything from high-capacity batteries and electric motors to next-generation control units.


TSX:EXRO - Post by User

Post by JohnnyUtah44on Sep 27, 2021 9:09am
192 Views
Post# 33923105

I Would Like 2 See Exro Break out the BCS side Into a SPAC ?

I Would Like 2 See Exro Break out the BCS side Into a SPAC ?Give current shareholders a half - full share of the new SPAC ??

Todays SPAC with Polestar.
.....

  • Swedish electric-car maker Polestar said on Monday it will go public by merging with a U.S.-listed blank-check firm backed by billionaire Alec Gores and investment bank Guggenheim Partners at an enterprise value of $20 billion.
  • The Polestar deal will be supported by cash proceeds of around $800 million from Gores Guggenheim Inc, assuming no share redemptions by public stockholders of the blank-check firm.
  • The deal also includes a PIPE, or private investment in public equity, of $250 million from top-tier institutional investors.
  • Polestar, backed by Volvo Car Group and affiliates of Geely Chairman Eric Li, also counts Hollywood actor Leonardo DiCaprio among its investors.

The Bottom Line

SPACs often appeal to founders of promising young companies that lack the scale, profits and/or predictability required for a traditional IPO. These companies might also be a great match with a growth-oriented PE firm that understands their verticals and can help them make a quantum leap in operations and profitability. (from forbes article)

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