# Boston Metal

**Source:** https://www.startuphub.ai/startups/boston-metal
**Profile type:** Startup

> Revolutionizing metal production with molten oxide electrolysis for cleaner and more efficient extraction of critical metals.

## About

Boston Metal is a startup focused on decarbonizing the metals industry, particularly steel production, through its proprietary molten oxide electrolysis (MOE) technology. This technology uses electricity to directly extract metals from ore in a molten state at high temperatures, offering a cleaner alternative to traditional smelting methods. While initially targeting steel, the company is now prioritizing the production of higher-value critical metals like niobium, tantalum, vanadium, nickel, and chromium, which are essential for various advanced industries including aerospace, electronics, and renewable energy. Boston Metal operates a subsidiary in Brazil for commercial production and has a pilot facility in Woburn, Massachusetts. The company has faced operational challenges and cash flow issues but has recently secured significant funding to support its expansion and technological development.

## Key facts

- **Slug:** boston-metal
- **Location:** Woburn, Massachusetts, USA
- **Operating status:** Active
- **Total funding:** $75M
- **Sectors / tags:** Industrial Technology, Materials, Cleantech, Mining, Manufacturing
- **Social:**
  - LinkedIn: https://www.linkedin.com/company/boston-metal/

## Frequently asked

### What does Boston Metal do?

Boston Metal is a startup focused on decarbonizing the metals industry, particularly steel production, through its proprietary molten oxide electrolysis (MOE) technology. This technology uses electricity to directly extract metals from ore in a molten state at high temperatures, offering a cleaner alternative to traditional smelting methods. While initially targeting steel, the company is now prioritizing the production of higher-value critical metals like niobium, tantalum, vanadium, nickel, an…

### What is Boston Metal's valuation?

StartupHub estimates Boston Metal's effective valuation at $288.0M (range $187.5M to $450.0M, 21% confidence), based on comparable companies in the sector.

### How much funding has Boston Metal raised?

Boston Metal has raised a total of $75M in funding. The most recent round on record is Funding Round.

### Where is Boston Metal headquartered?

Boston Metal is headquartered in Woburn, Massachusetts, USA.

### What industry does Boston Metal operate in?

Boston Metal operates in Industrial Technology, Materials, Cleantech, Mining, Manufacturing.

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