Exro Technologies (TSX: EXRO) (OTCQB: EXROF), a leading clean technology company that has developed a new class of power electronics for electric motors and batteries, today announced that it has reached an agreement for up to 2,500 units with electric bus manufacturer Vicinity Motor Corp. (NASDAQ: VEV). A leading supplier of advanced shuttle transportation vehicles for public and commercial use, Vicinity’s flagship product, the Vicinity Lightning(TM), is a purpose-built electric bus that is revolutionizing public transit. “Exro is thrilled to partner with Vicinity, with its strong foothold in the Canadian bus market, to bring affordable electric buses to North American cities,” said Sue Ozdemir, CEO of Exro Technologies. “Our work with Vicinity demonstrates our ability to customize and scale our Coil Drive System to meet heavy-duty bus requirements and meet net-zero manufacturing requirements with our world-class Calgary facility. Together with Vicinity we’re optimizing government investments in zero-emissions transportation, providing electric buses that perform better and last longer even in the toughest weather conditions.”
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About Exro Technologies Inc.
Exro is a clean technology company pioneering intelligent control solutions in power electronics to help solve the most challenging problems in electrification. Exro has developed a new class of control technology that expands the capabilities of electric motors, generators and batteries. Exro enables the application to achieve more with less energy consumed. Exro’s advanced motor control technology, the Coil Driver(TM), expands the capabilities of electric powertrains by enabling intelligent optimization for efficient energy consumption. Exro is working with many partners from all over the world to bring their technology to the electric mobility industries and beyond. For more information, visit the company’s website at www.Exro.com.
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