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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

Comment by DingFrieson Jan 19, 2022 11:40am
181 Views
Post# 34332936

RE:RE:RE:RE:A financing is looming

RE:RE:RE:RE:A financing is looming
I think of it this way. Exro with the 200m cash raise now has the option to raise money in whatever chunk they need as I believe it was up to 200m. That doesn't imply 200m at once. With the amount of interest generated at CES according to Sue, the customers are there. They might not be huge orders as of yet, but a couple of 5000 800v coil driver orders doubles or triples the share price. A cash raise at 10 bucks won't generate much dilution compared to right now. With 10 months of cash runway, I don't see that cash raise as much of a lid on the stock. The cash raise to me seems to be an indicator that yes, they will need money, but it will be needed because the cash is needed to produce a product, because the product has been ordered. Or, I could be way out to lunch. Either way, I'm still holding long, there is way too much good to come this year and next to worry much about today.
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