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Electra secures $186M Series B funding round co-led by Capricorn Investment Group and Temasek

Apr 25, 2025•about 1 year ago

Contract Type

partnership

BoulderManufacturing

Description

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 Information

Company

Electra

Location

Boulder, Colorado, United States

About

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.

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