ELECTRA AI: Funding Rounds, Investors & CEO

About ELECTRA AI

Electra helps vehicle makers, fleet operators and energy-storage operators improve battery life, safety and operating costs. Its cloud and onboard software tracks battery health, predicts failures, guides charging and adjusts battery controls in real time. Products include EVE-Ai Fleet Analytics, EVE-Ai 360 Adaptive Controls and EVE-AI EAGLE Battery Pass.

Electra is headquartered in Boston and has a European office in Milan. It serves Tier 1 and Tier 2 automotive suppliers. Fabrizio Martini is CEO and co-founder, while Nick Chakalos is president and CFO.

Funding Rounds (SEC Form D)

First sale	Filed with SEC	Amount sold	Investors	Avg. check	Terms	Filing
Sep 29, 2026	Nov 12, 2026	$3,500,000of $12.2M target	7	$500K	Debt, Options, Securities on exerciseRule 506(b)	Form D ↗

First sale is the date the first investor in the offering committed to invest. Companies must file Form D within 15 days of that date, so filing dates run later.

Who Invested in ELECTRA AI

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Announced	Round	Amount	Lead	Other investors	Source
Nov 10, 2026	Bridge financing	$5 million	—	—	[5]
Feb 22, 2023	Series A	$21 million	United Ventures	NewUnited Ventures; Stellantis Ventures.ReturningLIFTT S.p.A.; Club degli Investitori; BlackBerry Limited.	[7][2]
Jun 23, 2021	Seed	$3.6 million	LIFTT S.p.A.; BlackBerry Limited	Club degli Investitori; Massachusetts Clean Energy Center; Hyperplane Venture Capital; Prithvi Ventures; Launchpad Venture Group; TiE Boston Angels; angel investors	[6]
2018	Pre-seed	$1 million	—	—	[2]

Announced amounts can differ from Form D figures: an announcement can combine several closings, and some money is raised without a Form D.

Why Investors Backed ELECTRA AI

BlackBerry cited battery costs as a barrier to mass electric-vehicle adoption. United Ventures cited recall risk as a barrier to widespread adoption. Club degli Investitori chose Electra for its AI approach and central position in electric mobility. [6][7]

“Electra Vehicles' solution represents a decisive step in optimizing the use of batteries both in terms of autonomy and useful life.”

Guido Panizza · Head of Project Management, LIFTT S.p.A. · Co-lead investor in the 2021 seed round. [6]

Origin and Team

Fabrizio Martini co-founded Electra in Boston in 2015 after developing a battery system for a NASA project bound for Venus. [5][7]

Product and Technology

Electra’s patented Adaptive Battery Digital Twin is a software model that updates with battery conditions. It supplies design analysis, onboard controls and fleet-wide analytics across the battery’s full life. [7]

Electra built its models on data from more than 300 battery and capacitor chemistries. A 2023 demonstration reported twice the accuracy of standard EV driving-range estimates. [7][10]

The current platform combines software that acts on data with models grounded in battery physics. These tools monitor, optimize and control battery systems through their full life. [5]

One case study reported 0.34% validation error for remaining battery health. Another reported 1.6% estimation error using fleet data without lab tests or downtime. A storage study estimated $15 million to $25 million in added asset value. [1]

Use of Funds

The 2023 round was earmarked to expand Electra’s technology and sales teams. [7]
The financing also supported entry into Italy and other European markets, including expansion of the Turin office. [7]

Milestones

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Date	What happened	Source	Coverage
Oct 13, 2026	Electra became Westbrook Racing’s official battery intelligence partner for the E1 World Championship.	[3]	Kalkine Media ↗
Aug 31, 2026	Electra and Mooving announced a battery-intelligence project for battery swapping.	[3]	—
Aug 25, 2026	Electra and Mintech announced an AI system for predicting risk in battery energy-storage systems.	[3]	—
Aug 17, 2026	Omega Seiki Mobility partnered with Electra to add battery intelligence across its electric-vehicle operations.	[3]	—
May 14, 2026	Electra and Iron Horse amended their merger agreement.	[5]	—
May 5, 2026	Electra Vehicles adopted the ELECTRA AI brand.	[4]	—
Apr 21, 2026	Electra entered a definitive business-combination agreement with Iron Horse Acquisition II. The combined company is expected to use Nasdaq ticker AIBR.	[5]	—
2025	Electra expanded EVE-Ai into battery energy storage and robotics.	[2]	—
2024	Electra demonstrated real-time battery charge and health estimates in a vehicle using digital twins.	[2]	—
2024	Electra launched Digital Twin licensing programs.	[2]	—
Feb 22, 2023	Electra was signing several commercial contracts with international vehicle manufacturers.	[7]	—
Jan 2023	Electra and BlackBerry IVY won a design project for PATEO’s digital cockpit in a Dongfeng Motor Voyah electric vehicle.	[7]	—
2023	Electra began new programs with vehicle manufacturers.	[2]	—
2023	Electra showcased a machine-learning battery demonstration called EVE-Ai ML SOx.	[2]	—
2022	Electra opened its European subsidiary in Turin.	[2]	—
2021	EVE-Ai Fleet Analytics entered pre-production sales.	[2]	—
2020	Electra secured its first battery-manufacturer partnership.	[2]	—
2019	Electra launched battery-design and licensing programs with vehicle manufacturers.	[2]	—
2018	Electra secured its first contract with a vehicle manufacturer.	[2]	—
2017	Electra expanded development across several battery software products.	[2]	—
2016	Electra began developing its first laboratory prototype.	[2]	—
2016	Electra secured its first semiconductor partner.	[2]	—

Market

Electra argues that batteries will underpin vehicles, power grids and AI infrastructure, but hardware alone will not meet those needs. [4]

We wrote this summary from public statements by ELECTRA AI and its investors. It is not investment advice.

Leadership Team

Executive officers and directors listed on ELECTRA AI's Form D filed Nov 12, 2026.

Fabrizio Martini

CEO & Co-Founder, director

LinkedIn ↗

Nicholas Chakalos

President & CFO