Electra secures $186M Series B funding round co-led by Capricorn Investment Group and Temasek
04/25/25, 1:47 AM
Location
Money
$186 million
Industry
manufacturing
Type
partnership
Electra, a clean iron company, has secured a $186 million Series B funding round co-led by Capricorn Investment Group and Temasek Holdings. This funding reinforces Electra's position as a leader in decarbonizing iron production and paves the way for commercial-scale production of clean iron.
Company Info
Location
boulder, colorado, united states
Additional Info
Electra is decarbonizing iron and steelmaking to eliminate 3.7 gigatons or 10% of global carbon dioxide emissions. Leveraging proven industrial-scale electrochemical and hydrometallurgical processes, and backed by leading sustainability-focused venture capitalists, our team is developing lower cost, scalable solutions utilizing renewable energy to forge a cleaner, greener future for the trillion-dollar steel industry.
With a uniquely collaborative culture, endless passion for developing disruptive technologies, and the opportunity to revolutionize carbon-intensive manufacturing industries, careers at Electra offer challenge, reward, and the chance to bring to market solutions that dramatically improve the health of the planet.