leadf
logo-loader
viewExro Technologies

Exro Technologies says third-party testing proves its patented Coil Driver technology dramatically improves electric bike performance

Testing by electric bike maker Motorino Electric found that the Exro-enhanced electric bike saw its performance increase by more than 20% and up to 50% in climbing conditions 

Exro
As a result of the testing versus a standard electric bike, Calgary-based Exro said it will now start negotiations on a commercial product for 2021

Exro Technologies Inc (CVE:EXRO) (OTCQB:EXROF), a leading technology company that has developed a new class of power electronics for electric motors and powertrains, has announced third-party testing has proven its patented Coil Driver technology dramatically improves the performance of electric bikes.

Motorino Electric, a Vancouver-based manufacturer and distributor of electric bikes and motorcycles, tested Exro's technology through 2020 against a standard electric bike in the field, Exro said in a statement Wednesday. 

Testing found that the Exro-enhanced electric bike saw its performance increase by more than 20% and up to 50% in climbing conditions, the company noted. 

READ: Exro Technologies appoints former Ford global chief engineer Julie Wurmlinger to board of directors

As a result, Calgary-based Exro said it will now start negotiations on a commercial product for 2021.

"The Exro-enhanced electric bike performed up to 50% better in climbing conditions during testing," said Steve Miloshev, founder and CEO of Motorino in a statement. "The Exro bike was noticeably more advanced going up the hills specifically, it sustained consistent high torque and speed immediately from the start all the way to the top of the hills. Our standard electric bikes were no match for it in a race through Vancouver."

Exro said its Coil Driver technology can be added to an electric vehicle powertrain to make electric motors faster, stronger, and smarter. The electric bike field-tests results now indicate that Exro can be transformative for the quickly growing electric bike and electric scooter market, which Allied Market Research reports will exceed US$23 billion by 2025.

"This is an amazing breakthrough not just in electric bike technology but also for micro-mobility applications," said Exro CEO Sue Ozdemir. "We couldn't be more excited. This changes the model for enhancing the performance of electric bikes and other micro-mobility applications, to ensure we get more from the energy we put into batteries. I'm looking forward to moving into product commercialization for next year."

Contact the author: [email protected]

Follow him on Twitter @PatrickMGraham

Quick facts: Exro Technologies

Price: - -

CSE:XRO
Market: CSE
Market Cap: -
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Exro Technologies named herein, including the promotion by the Company of Exro Technologies in any Content on the Site, the Company receives...

FOR OUR FULL DISCLAIMER CLICK HERE

Full interview: Exro Technologies signs deal with Clean Seed to improve...

Exro Technologies (CSE; XRO- OTCQB: EXROF) Chief Commercial Officer Josh Sobil joined Steve Darling from Proactive Vancouver to discuss the news the company has signed a deal with Clean Seed Technology to help with the horsepower and torque of their Smart Seeder. Sobil discusses how they plan...

on 05/21/2020

2 min read