SEA Electric to merge with Exro Technologies to become electric powertrain supplier
By Bradley Osborne - 12th February 2024
Promotional image for proposed Exro-SEA Electric merger
USA / Canada – SEA Electric Holdings Pty Ltd, a retrofit firm based in Los Angeles, California, USA, has agreed to a merger with electric drivetrain components supplier Exro Technologies Inc of Calgary, Alberta, Canada, with the intention of forming a new company which will supply e-powertrains to original equipment manufacturers in the passenger car and commercial vehicle segments.
Under the Exro name, the combined company will trade on the Toronto Stock Exchange under the leadership of current Exro CEO Sue Ozdemir and Chairman Rod Copes. Tony Fairweather, CEO and founder of SEA Electric, will assume the role of Chief Product Officer in the new company. The company board will be composed of up to nine members from Exro and SEA Electric.
