Iron Horse Acquisitions II Corp. · NASDAQ:IRHO
Iron Horse Acquisitions II — Iron Horse Acquisition II — SPAC Merger (November 2026)
23 slides from Iron Horse Acquisitions II's SPAC merger presentation, Nov 2, 2026
Slide 1: ELECTRA AI Investor Presentation
electrabrain.ai October 30, 2026
Slide 2: Disclaimer
Disclaimer 2 About this Presentation This investor presentation (this "Presentation") is provided for informational purposes only and has been prepared to assist interested parties in making their own evaluation with respect to a potential business combination (the "Business Combination") between El
Slide 3: Disclaimer (cont'd)
Disclaimer (cont'd) 3 Use of Projections This Presentation contains financial forecasts, projections and other forward-looking financial information with respect to the Company, including expected contribution margins, net cash, pro forma enterprise value and pipeline conversion (collectively, the "
Slide 4: Trademarks; Important Information for Investors and Stockholders
4 Trademarks This Presentation may contain trademarks, service marks, trade names and copyrights of other companies, which are the property of their respective owners. Solely for convenience, some of the trademarks, service marks, trade names and copyrights referred to in this Presentation may be li
Slide 5: ELECTRA AI's Mission
ELECTRA AI's Mission To make every battery safer, last longer, and deliver more usable energy at scale. ELECTRA AI applies AI-driven battery intelligence to predict faults, extend lifespan, and optimize performance across all battery-powered systems. AI-Intelligence for Every Battery System 5 Electr
Slide 6: Today's Speakers
Today's Speakers Former principal investigator DOE, DOD, NASA; Former Director of R&D for Novel Energy Storage Systems. Former SPAC CEO; Founder of Bengochea Capital; background in Sony Global Business Development and corporate law. Extensive experience in C-Suite, general management, sales/BD, prod
Slide 7: ELECTRA AI at a Glance
ELECTRA AI at a Glance Tech Transfer Startup NVIDIA Inception Program Startup 70%+ Expected Contribution Margin 5.3 TWh Pipeline Issued and Pending 1 GWh Batteries Controlled 20 Patents Technical Partners Additional Key Investors Large and Strategic Investors Large Customers 7 Pipeline reflects non-
Slide 8: Market Opportunity
MARKET ¢ - OPPORTUNITY
Slide 9: Expanding Global Battery End Markets (TAM)
Expanding Global Battery End Markets (TAM) Electrification Across Mobility, Energy, AI Infrastructure, & Autonomous Systems is Accelerating Battery Demand 9 $128 Bn 2029E | CAGR 16% Robotics & Autonomous Systems $33 Bn 2029E | CAGR 11% Drones & UAVs $1,368 Bn 2029E | CAGR 5% Mobility $914 Bn 2029E |
Slide 10: Battery Energy Storage System Market Size (BESS SAM Only)
Battery Energy Storage System Market Size (BESS SAM Only) 2025 to 2035 • USD Billion Global Battery Energy Storage System (BESS) market, USD billion KEY INSIGHT ~10× Market growth, 2025 → 2035E $10.2B → $102.7B ~26% CAGR Driven by renewables integration, grid stability and AI data center demand Sour
Slide 11: Intelligent Battery Management is Becoming Mission-Critical (SOM)
Intelligent Battery Management is Becoming Mission-Critical (SOM) Battery Growth Across Electrification Markets is Expanding Demand for Intelligent BMS 11 $12.5B $27B+ 2023 2029 $0 $10 $20 $30 Global Intelligent Battery Management Market Target Market Mission-Critical $19.1B • 71% Non-Target Market
Slide 12: Business Overview
_ BUSINESS - OVERVIEW a 4 .
Slide 13: The Problem: Systemic Challenges Across Battery Infrastructure
Catastrophic Failures Reduced Asset Lifespan Asset Value Erosion 30% Cost Increase from Failures From unplanned failures & reactive maintenance across battery systems 3-5 Years of Lost Asset Life Due to inefficient usage, unmanaged degradation & lack of adaptive control 15% ROI Lost Due to limited v
Slide 14: ELECTRA AI's Products: EVE-Ai Software & Embedded Solutions
ELECTRA AI's Products: EVE-Ai Software & Embedded Solutions AI-driven Battery Intelligence Across Scalable and Mission-critical Systems 1.6 Billion Battery Data Points Processed 4 Million+ Lines of Code 10,000+ Model Parameters Tracked 20 Patents Issued & Pending Software and Cloud Solution Embedded
Slide 15: Case Studies: Results Across Mobility, Energy, and Infrastructure
Case Studies Results Across Mobility, Energy, and Infrastructure EV-Fleet Managers Optimization & Cost Reduction BESS Operators Optimization & Revenue Uplift Automotive OEMs Precision & Performance Validation Embedded EVE-Ai into Tesla Cybertruck to validate real-world performance, efficiency & batt
Slide 16: AI is Transforming Battery Management from Monitoring to Optimization
AI is Transforming Battery Management from Monitoring to Optimization AI-native Battery Intelligence is Becoming a Core Software Layer Across Electrification Markets AI-native battery intelligence is becoming a core infrastructure layer across electrification markets 16 Economic Impact Legacy BMS AI
Slide 17: Go-To-Market Strategy: Land, Expand, Embed
Battery Fleet Analytics (BFA) — Scale, Speed, Adoption Adaptive Controls — Depth, Lock-in 01 LAND ~100 MWh Cloud Analytics Onboarding Data Collection 02 EXPAND 1–2 GWh Battery fleet & portfolio roll-out Subscription Asset Expansion 03 EMBED Embedded Controls Device-level integration Integration Long
Slide 18: GWh Under Management Today
1 GWh Under Management Today 12.5 GWh 270 GWh Active Engagement Target Battery capacity figures beyond current capacity under management, including "Expansion from Current Customers" and "Active Engagement Target," are illustrative estimates based on management assumptions regarding the conversion o
Slide 19: Market Opportunity: Pipeline
Market Opportunity 270 GWh Active Engagement Target 5.3 TWh Total Pipeline in 2026 17 TWh Battery market size opportunity by 2036 per Bloomberg NEF Outlook 2024 Not to scale Market Share 25% target market share Pipeline progressing toward multi-year, embedded-integrated contracted deployments Pipeli
Slide 20: Financial Overview
FINANCIAL - OVERVIEW a 4 .
Slide 21: Use of Proceeds
Use of Proceeds Capital Accelerates Expansion Across Large, High-growth Verticals Private Capital SPAC Proceeds 21 Expand Within Existing Clients/Verticals • BESS (grid-scale energy storage) • Data centers (AI infrastructure) • EV fleets & mobility Penetrate New Verticals • Robotics & drones (autono
Slide 22: Transaction Overview: Sources & Uses and Pro Forma Ownership
Transaction Overview Sources & Uses and Pro Forma Ownership 22 ELECTRA AI Valued at $250M Pre-Money Equity Value • $250.3M pre-money equity value, paid in stock at $10.00 per share(4) • S-4 maximum redemptions case (81.6% at ~$10.06); Electra holders own 65.8%(6) • $50.0M PIPE not committed or refle
Slide 23: AI Brain for Batteries
CIE CIRA Al Brain for Batteries” electrabrain.ai B=)
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