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Electra
electra.earth ↗
PROCESS SCHEMATIC · METALS & MINERALS / IRON PRODUCTION
LIVE
Founded
2020
Stage
SERIES B
Raised
$271M
HQ
BOULDER, CO
Layer
RAW MATERIALS
Low-temperature electrochemical process for producing green iron.
Funding history
Round
Amount
Date
Lead
Series A
$85M
2022-10
—
Series B
$186M
2025-04
Capricorn Investment Group and Temasek
Upstream
Iron ore (investor-suppliers include Rio Tinto, BHP, Roy Hill)
Renewable electricity
Downstream
Nucor
Meta
Toyota Tsusho
Interfer Edelstahl Group
Related
Nox Metals
Mariana Minerals
Lithios
Magrathea Metals
Sources
Electra Announces $186M Series B Funding Round to Scale Clean Iron Production ↗
Electra announces deals with Meta, Nucor to scale its clean iron tech (Canary Media) ↗
Electra raises $85M to electrify and decarbonize iron and steelmaking (Business Wire, Oct 2022) ↗
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