Element Fleet Management to Acquire Car IQ
December 2, 2025
Element Fleet Management Corp. has signed a definitive agreement to acquire Car IQ, a San Francisco-based connected vehicle payments technology company. The acquisition will embed vehicle-initiated payments into Element’s fleet management ecosystem and expand Element’s digital payments roadmap across the United States and Canada, with closing expected in December 2025.
- Buyers
- Element Fleet Management Corp.
- Targets
- Car IQ
- Industry
- Payments & Fintech
- Location
- California, United States
- Transaction Type
- Buyout
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