Business
Electra Vehicles, Inc. and Iron Horse Acquisition II Corp. (Nasdaq: IRHO) Announce a Definitive Business Combination Agreement to Create the World's First Publicly Traded AI Battery Intelligence Company
BOSTON & BOCA RATON, Fla., April 21, 2026--Electra Vehicles and Iron Horse Acquisition II (Nasdaq: IRHO) announce a agreement creating the world's first public AI Battery Intelligence Company
About this update from Iron Horse Acquisitions Ii Corp.
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":440,"height":202,"url":"https://media.zenfs.com/en/business-wire.com/40bf5b0e2067e6efdabcee4610a44233"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/Q7Csk7a8iBsrlKHGmcrWxg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTMyNA--/https://media.zenfs.com/en/business-wire.com/40bf5b0e2067e6efdabcee4610a44233","width":440,"height":202}},"lazy":false},{"type":"text","content":"The Era of Dumb Batteries Is Over. Electra, the AI "Brain for Batteries,"™ is going public.","length":101,"tagName":"p"},{"type":"text","content":"More Range. Longer Life. Higher Performance and ROI Across Grid Storage, EVs, Drones, and Robotics — All Delivered in Software, Without Adding a Single Cell.","length":157,"tagName":"p"},{"type":"text","content":"The control plane for Every Battery on Earth: Monitoring, Optimization, and Control as software: "Our AI is not watching the battery. It is running it."","length":162,"tagName":"p"},{"type":"text","content":"NASA Spinoff and NVIDIA Inception Program recognized. Backed by global strategic investors (Stellantis, BlackBerry, and Ferrari Family Investments).","length":148,"tagName":"p"},{"type":"text","content":"The standard that the electrified economy is converging on.","length":59,"tagName":"p"},{"type":"text","content":"BOSTON & BOCA RATON, Fla., April 21, 2026--(BUSINESS WIRE)--In January 2025, a Tesla Cybertruck wrapped in Electra's logo drove from Boston to Santa Clara, passing through CES 2025 in Las Vegas — 3,000 miles, coast to coast — powered not just by electricity, but by artificial intelligence (AI) that predicted every charge stop, extended the battery's life in real time, and delivered 20% more range. No breakdowns. No surprises.","length":441,"tagName":"p"},{"type":"text","content":"That drive was a proof-of-concept. Today, the business that created that AI technology has agreed to become a public company.","length":125,"tagName":"p"},{"type":"text","content":"Electra Vehicles, Inc. ("Electra") and Iron Horse Acquisition II Corp. (Nasdaq: IRHO) ("Iron Horse") announced that they have entered into a definitive Business Combination Agreement (the "BCA"), pursuant to which Electra will merge with Iron Horse, creating...