Clean tech company Exro Technologies Inc. is laying off 60 employees at its Calgary plant, less than four years after opening the facility. The company, which develops power control solutions for electric vehicles and energy storage, announced the cuts alongside news that it is postponing its annual general meeting and pursuing a strategic review that could involve selling its intellectual property and parts of the business.

Exro had touted its Calgary plant—capable of producing up to 100,000 units annually—as a cornerstone for growth, with plans to expand hiring. Instead, weak earnings, slower-than-expected EV adoption, and mounting financial losses have forced retrenchment. The company is also facing a shareholder lawsuit over allegedly inflated revenue projections tied to its $250-million acquisition of U.S.-based SEA Electric.

The layoffs underscore broader challenges in Canada’s clean tech and EV sectors. Despite government incentives and global investment, companies face funding pressures, high development costs, and uncertain consumer demand. While Canada’s job market remains resilient overall, these cuts highlight the risks for workers in emerging industries where growth can be volatile and tied to global adoption trends.

Have you been laid off by Exro Technologies Inc. in Canada? Contact our employment lawyers today. Our legal team offers a free consultation and works on a contingency basis—there are no fees unless you win your case.

Scott Strasser’s original article, “Amid sale discussions, Calgary clean tech company slashes 60 jobs, delays AGM” was published in Calgary Herald News on September 3, 2025. Read the Full Calgary Herald News story.