Clean technology company Exro to open US headquarters in Mesa
PHOENIX– Exro Technologies, a clean technology company, will open its United States headquarters in Mesa, officials said in a press release Tuesday.
The 15,000-square-foot location will serve as a multipurpose facility to expand research, development and testing to improve technology within different types of electric vehicles.
Exro plans to hire 50 employees for the location over the next 18 months.
“The Greater Phoenix area was a natural choice for our U.S. home, and we’re thrilled to become a part of the innovative business community,” Sue Ozdemir, CEO of Exro Technologies, said in the release.
“The region is ripe with potential manufacturing partners and suppliers, and its competitive talent pipeline will support our continued growth.”
Exro plans to leverage Arizona’s electric vehicle and automotive resources to continue expanding, according to the release.
The company’s announcement about expanding to the U.S. came soon after its graduation to the Toronto Stock Exchange.
Exro was originally part of the Toronto Venture Exchange, which allows the public to invest in new and emerging companies.
In addition to its graduation to TSX, Exro has developed a new class of power electronics for electric motors and batteries that the company desires to continue developing in Mesa, according to the release.
The company’s decision was lauded by city of Mesa and Greater Phoenix Economic Council officials, since the business aligns with their ecological goals.
Mesa plans to achieve carbon neutrality by 2050.