Electra Vehicles Acquired | Technology M&A Deal

Iron Horse Acquisition II Corp. (Nasdaq: IRHO) has agreed to acquire Electra Vehicles, Inc., an enterprise software business in California. Electra Vehicles provides AI-driven battery intelligence software used to analyze battery performance and support energy and mobility applications. The enterprise software acquisition supports technology M&A goals by combining battery analytics capabilities with public company acquisition access for scaling. The merger acquisition is structured as a business combination between a public SPAC and Electra Vehicles, with deal size undisclosed and a definitive agreement announced.