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
Location
California, United States
Transaction Type
Buyout

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