Electra Raises $85M To Electrify And Decarbonize Iron And Steelmaking With No Green Premium
Amount Raised
$85 Million
Round Type
Funding Round
TorontoManufacturingEnergyRenewable EnergyMiningDescription
Electra, a green iron company, has raised $85 million to produce Low-Temperature Iron (LTI) from commercial and low-grade ores using zero-carbon intermittent electricity. Electra’s process emits zero carbon dioxide emissions and carries zero green premium, meaning it will cost the same or less than existing production methods powered by fossil fuels.
Quick answer
Electra Battery Materials Corporation raised $85 Million in a Funding Round round, dated October 6, 2022. Electra Battery Materials Corporation is based in Toronto, Ontario, Canada.
- How much did Electra Battery Materials Corporation raise?
- Electra Battery Materials Corporation raised $85 Million in a Funding Round round on October 6, 2022.
- 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.
- Tearlach raised $90K (Pre-Seed) on November 18, 2022.
- Cambridge GaN Devices raised $19M (Funding Round) on November 15, 2022.
- Cambridge GaN Devices raised $19M (Funding Round) on November 15, 2022.
- TECO2030 raised an undisclosed amount (Corporate Round) on November 14, 2022.
- Sabanto raised an undisclosed amount on November 4, 2022.
- Ionblox raised $24M (Series B) on October 26, 2022.
Who to call at Electra Battery Materials Corporation, and when
A new round usually means Electra Battery Materials Corporation is about to hire and buy. The teams that reach out first get the meeting.
- 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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