Electra Battery secures $5 million in convertible notes and common shares to finance early works for its cobalt refinery.
Amount Raised
$5 Million
Round Type
Convertible Note
TorontoManufacturingEnergyRenewable EnergyMiningDescription
Electra Battery has raised $5 million through a combination of secured convertible notes and common shares for the development of its cobalt refinery. The facility aims to produce up to 6,500 tonnes of cobalt annually, supporting electric vehicle production.
Quick answer
Electra Battery Materials Corporation raised $5 Million in a Convertible Note round, dated October 27, 2024. Electra Battery Materials Corporation is based in Toronto, Ontario, Canada.
- How much did Electra Battery Materials Corporation raise?
- Electra Battery Materials Corporation raised $5 Million in a Convertible Note round on October 27, 2024.
- What does Electra Battery Materials Corporation do?
- Electra is building North America’s only fully integrated, localized and environmentally sustainable battery materials park.
- Where is Electra Battery Materials Corporation based and how big is it?
- Electra Battery Materials Corporation is based in Toronto, Ontario, Canada. Fundz records about 30 employees.
- Who are the decision-makers at Electra Battery Materials Corporation?
- Fundz holds 5 contacts at Electra Battery Materials Corporation, including the Chief Executive Officer. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Energy and Renewable Energy around the same time
Companies in the same sectors as Electra Battery Materials Corporation that raised within 45 days of this round, from Fundz verified event records.
- Illumion raised $2.7M (Seed) on December 4, 2024.
- Molyon raised $4.6M (Seed) on November 26, 2024.
- Silfab Solar raised $100M (Funding Round) on November 21, 2024.
- Hydrogen Mem-Tech raised an undisclosed amount (Equity Crowdfunding) on November 15, 2024.
- Vaulted Deep raised $32M (Series A) on November 15, 2024.
- Radiant raised $100M (Series C) on November 14, 2024.
Who to call at Electra Battery Materials Corporation, and when
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- An alert the day Electra Battery Materials Corporation raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Electra Battery Materials Corporation, from your own LinkedIn network
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Related People
Electra Battery Materials Corporation raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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