ElectraSteel
Electra
Boulder, United States · Founded 2020 · $186.0M raised
- Headquarters
- Boulder, Colorado
- Employees
- 51–200
- Founded
- 2020
- Business Model
- B2B
- Website
- electra.earth
- Total Funding
- $186.0M
- Last Round
- $186.0M Series BApr 2025
- Rounds
- 1
About
Electra (formerly ElectraSteel) is a Boulder, Colorado-based clean iron company founded in 2020. Using an electrolytic process, Electra produces iron from ore at low temperatures without fossil fuels, enabling near-zero carbon steel production. Backed by Meta, Nucor, and POSCO, Electra is scaling its electrowinning technology to decarbonize one of the world's hardest-to-abate industries.
Summary
ElectraSteel is a Climate Tech company based in Boulder, United States, founded in 2020. It has raised $186.0M in total across 1 round, most recently a $186.0M Series B round in Apr 2025.
Tech & App Stack
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Funding History
Apr 2025
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