Exro Technologies' second-quarter earnings from this year revealed revenue of $2.9 million, down from $4.7 million in the second quarter of 2024

Less than four years after opening a manufacturing plant in Calgary, clean tech company Exro Technologies Inc. is laying off 60 of its employees and postponing a shareholder AGM that was slated for this Friday.

Exro, which relocated to Calgary from Vancouver in 2020, specializes in power control solutions for electric vehicles and energy storage. The company produces technology that aims to improve the performance and efficiency of electric vehicle motors.

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In a corporate update issued Wednesday, Exro Technologies Inc. said it is in the midst of a strategic review, with current discussions focused on selling the company

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