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 filed a final short form base shelf prospectus with securities regulatory authorities in each of the provinces and territories of Canada. According to the update, the final short form base shelf prospectus has been filed further to the preliminary short form base shelf prospectus, previously announced on Nov. 18, 2021. The shelf prospectus will provide for the potential offering in Canada of up to an aggregate of CA$200,000,000 of Exro’s subordinate voting and preferred shares, debt securities, warrants, subscription receipts and units from time to time over a 25-month period. Canadian securities regulatory authorities have issued a receipt for the final short form base shelf prospectus. Exro has filed this shelf prospectus to give the company the flexibility to take advantage of financing opportunities at its discretion and when market conditions are favorable.

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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 its technology to the electric mobility industries and beyond. For more information, visit the company’s website at www.Exro.com.

NOTE TO INVESTORS: The latest news and updates relating to EXROF are available in the company’s newsroom at http://ibn.fm/EXROF

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