Electra Secures $186M to Scale Fossil-Free Ironmaking and Tackle Steel’s Carbon Footprint
BOULDER, COLORADO, April 2025 — Electra, a U.S.-based clean tech startup aiming to revolutionize steelmaking, has raised $186 million in Series B funding to commercialize its fossil-free iron production technology. The round, co-led by Capricorn Investment Group and Singapore’s Temasek Holdings, brings Electra’s total funding to $214 million. Electra’s patented electrochemical process uses renewable electricity […]
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