Electra Raises $186 Million in Temasek-led Round to Advance Green Steel Production

Electra Raises $186 Million in Temasek-led Round to Advance Green Steel Production

Electra, a clean iron startup based in Boulder, Colorado, has announced it raised $186 million in its latest Series B funding round. This new investment will help the company get closer to using its clean iron production technology. It is a key step to cut carbon emissions in the steel industry. Sandeep Nijhawan, Electra CEO and co-founder, explained how important this funding is, saying: “Electra’s technology can significantly reduce the steel …

Electra Secures $186M Series B Funding To Produce Clean Iron Through A Low-Carbon Process - SuperbCrew

Electra raises $186 million in Series B funding to build its first demonstration plant for low-carbon iron production in Colorado. Backed by major investors across mining, steel, and automotive sectors, the company aims to commercialize a process that uses renewable energy and low-grade ores to produce 99% pure iron. The initiative supports growing industry demand for cleaner steel inputs and reduced carbon emissions. Why Electra’s Clean Iron Mi…