Electra Vehicles, Inc., a company in the Stellantis Ventures portfolio, has signed a definitive Business Combination Agreement with Iron Horse Acquisition II Corp. to become a publicly traded pure‑play AI Battery Intelligence company. Congratulations to the management team and everyone involved in reaching this remarkable result. #StellantisVentures #AI #BatteryIntelligence #EnergyTransition #DeepTech #Innovation #VentureCapital
The era of dumb batteries is over! 🧠🔋 Today, Electra signed a Business Combination Agreement (BCA) with Iron Horse Acquisition II Corp. (Nasdaq: IRHO) to become the world's first publicly traded AI Battery Intelligence company. Nearly every battery on Earth operates blind — degrading unpredictably, failing without warning, delivering a fraction of its real potential. The industry's answer has been more batteries, heavier packs, more redundancy. The answer was never more batteries. It was smarter ones. Since 2015, rooted in NASA research, Electra has built the AI Brain for Batteries™ — turning batteries into intelligent, adaptive systems. Higher ROI. Longer Life. Increased Safety. Without adding a single cell. Our AI isn't watching the battery. It's running it. Battery intelligence is entering public markets at the inflection point of a multi-trillion-dollar electrification buildout. 🔗 https://lnkd.in/dCYGE2Pp This agreement starts our path to going public on Nasdaq, with completion expected in the second half of 2026 pending regulatory approvals.