About
Electra is a startup focused on decarbonizing the iron and steel industry by developing an electrolytic clean-iron process. Their electrowinning technology aims to replace traditional, carbon-intensive blast furnaces with a more sustainable method, potentially reducing steelmaking's carbon footprint by over 30%. The company is working towards commercial-scale production, with a demonstration plant planned and a commercial site targeted for 2029.
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Frequently Asked Questions
What does Electra do?
Electra is a startup focused on decarbonizing the iron and steel industry by developing an electrolytic clean-iron process. Their electrowinning technology aims to replace traditional, carbon-intensive blast furnaces with a more sustainable method, potentially reducing steelmaking's carbon footprint by over 30%. The company is working towards commercial-scale production, with a demonstration plant planned and a commercial site targeted for 2029.
How much funding has Electra raised?
Electra has raised a total of $301M in funding. The most recent round on record is Venture Debt Facility.
When was Electra founded?
Electra was founded in 2020.