A Major Partner of Jeep and Chrysler Files for Chapter 7 Bankruptcy

Innovation alone doesn’t always lead to success.

Many businesses push technological boundaries and develop entirely new products, yet that doesn’t necessarily mean there’s a viable market for them.

Exro Technologies appeared to be one of those forward-looking companies operating at the forefront of the automotive and energy sectors. It had a promising collaboration with Stellantis, the automaker behind Dodge, Chrysler, Jeep, and several other brands.

“For the past 14 months, Exro and Stellantis have collaborated in a confidential innovation program to demonstrate the capabilities of Exro’s Coil Driver technology for potential applications within Stellantis’ passenger vehicles. The lifting of the NDA marks a milestone for the innovation program as the partners successfully progressed the partnership through multiple technical, performance, and cost study milestones,” Exro shared in a press release.

That announcement in September 2024 seemed to mark an encouraging step forward for the company.

Stellantis also acknowledged Exro as a finalist for its 2024 Supplier of the Year award.

“Exro was nominated for its expertise in innovative motor control technology, which significantly enhanced our electrified motor design, improved performance, and reduced costs, demonstrating the commitment to accelerate electric vehicle adoption in the passenger car market,” said Stellantis’ Senior Vice President of Global Purchasing Programs Teresa Thiele.

However, just over a year later, Exro has filed for Chapter 7 bankruptcy.

Exro files for Chapter 7 bankruptcy

Although Exro may not have been widely known, it played an important role in advancing power control systems for vehicles.

“Exro Technologies Inc., a clean-technology company, focuses on developing power-control electronics in Canada,” said SimplyWall.St of the company. “It provides Coil Driver, an adaptive EV traction inverter that optimizes electric motor performance through direct control of the motor coil windings; Cell Driver, an integrated battery energy storage system for stationary commercial and industrial energy storage applications; and SEA-Drive, a complete electric power system solution to adapt to a range of trucks and commercial vehicles, enabling electrification of the spectrum from light to heavy-duty.”

Analysts at SimplyWall.St also pointed out several red flags:

• Negative shareholder equity

• Less than a year of available cash

• Earnings that have fallen by nearly 67% annually over the past five years

• Extremely volatile stock performance over the past three months compared to the broader Canadian market

The company has since been delisted after initiating bankruptcy proceedings.

“On October 31, 2025, the Company’s direct and indirect subsidiaries established in the United States filed voluntary petitions for creditor protection under Chapter 7 of the U.S. Bankruptcy Code which included each of Exro Technologies USA, Inc., Exro Vehicle Systems, Inc., SEA Electric, Inc. and SEA Electric, LLC,” it shared in a media release.