About

Founded

2019

Headquarters

Boulder, Colorado

Industry

Climate

Company Description

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.

Quick Links

Website Jobs

Funding

Total Raised

$113.5 million

Valuation

Undisclosed

Significant Investors

Breakthrough Energy Ventures, Amazon, BHP Ventures, Temasek, S2G Ventures, Capricorn Investment Group, Lowercarbon Capital, Valor Equity Partners, Baruch Future Ventures

Company Traction

As of October 2022, Electra claims its electrochemical process to refine iron ore to high-purity iron has lowered the process temperature from 1,600 (69% of steel is made at this temperature) to 60 degrees Celsius.

Leadership Team

Sandeep Nijhawan: Co-Founder & CEO of Electra. Former President at AquaHydrex.

Quoc Pham: Co-Founder & CTO of Electra. Former VP of Technology at AquaHydrex.

Thomas Mannik: VP of Finance at Electra. Former Financial Controller at BDSA.

Sara Chapman: VP of HR at Electra. Former VP of Human Resources at Native Roots Colorado.

Press

Bloomberg (October 6, 2022): Electra raises $85M to electrify and decarbonize iron and steelmaking with no green premium

Daily Camera (June 16, 2021): Boulder startup ElectraSteel raises $28.25M as it seeks to electrify steel production

Electra