ExRo Technologies: Funding, Investors & Team (Sep 2026)
Exro Technologies Inc. (TSX: EXRO) (OTCQB: EXROF) is on a mission to reshape global energy consumption and accelerate the shift to a sustainable, electrified future. Our patented power electronics, combining hardware and software, enhance the efficiency and cost-effectiveness of electric vehicles and energy storage systems. Our technology portfolio includes the Coil Driver™ (traction inverter for electric vehicles), Cell Driver™ (battery control for energy storage systems), and SEA-Drive® (e-propulsion technology for commercial vehicles).
ExRo Technologies has raised $55.9M across 2 funding rounds on record, the most recent an undisclosed round of $30.0M announced in May 2025.
That round is above the $5.0M median round size for Manufacturing companies tracked on FundedIQ over the last two years.
ExRo Technologies Company Profile and Key Stats
Latest funding round on record: May 2025.
ExRo Technologies Funding Rounds
ExRo Technologies raised $25.9M in an undisclosed round announced in May 2023.
2 years later, an undisclosed round of $30.0M was announced in May 2025.
ExRo Technologies Founders and Leadership Team
No contact details are on record for this team yet.
ExRo Technologies Funding Compared to Other Manufacturing Startups
ExRo Technologies' latest round of $30.0M is above the median round in Manufacturing. Medians cover the last 24 months of disclosed rounds.
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ExRo Technologies Funding FAQs
What does ExRo Technologies do?
Exro Technologies Inc. (TSX: EXRO) (OTCQB: EXROF) is on a mission to reshape global energy consumption and accelerate the shift to a sustainable, electrified future. Our patented power electronics, combining hardware and software, enhance the efficiency and cost-effectiveness of electric vehicles and energy storage systems. Our technology portfolio includes the Coil Driver™ (traction inverter for electric vehicles), Cell Driver™ (battery control for energy storage systems), and SEA-Drive® (e-propulsion technology for commercial vehicles).
How much funding has ExRo Technologies raised?
ExRo Technologies has raised $55.9M across 2 rounds on record. The most recent is an undisclosed round of $30.0M announced in May 2025.
When did ExRo Technologies last raise funding?
ExRo Technologies' most recent funding round on record is an undisclosed round of $30.0M, announced in May 2025.
Who founded ExRo Technologies?
FundedIQ lists Jonathan Ritchey (Founder) at ExRo Technologies.
Where is ExRo Technologies headquartered?
ExRo Technologies is based in Calgary, Alberta, Canada.
How many employees does ExRo Technologies have?
ExRo Technologies is in the 101-250 employee band.
How does ExRo Technologies' funding compare to other Manufacturing startups?
ExRo Technologies' latest round of $30.0M is above the $5.0M median round size for Manufacturing companies on FundedIQ across 1,058 tracked companies over the last two years.
About FundedIQ's ExRo Technologies Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for ExRo Technologies is left off this page rather than filled in.
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