Total Funding
91
79
Total FundingVenture - Series Unknown raised
Growth Score
-7 pts
Heat Score
-1 pts
Company Performance Metrics
Score
Trend
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Growth Score - The measure of growth based on company activity, operational metrics, and investments
Growth Trend - The change in the growth score over the given time period
Heat Score - The measure of the market interest, media activity, and Crunchbase profile activity
Heat Trend - The change in the heat score over the given time period
Recent Milestones
Raised Funding Round
Jan 1, 1970
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Raised Funding Round
Jan 1, 1970
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1419
Electra is a a clean iron company that uses a low-temperature, electrochemical-hydrometallurgical system to refine iron ore.
- Simon Wandke: Advisor to CEO. Chair of Advisory BoardPast Role: ArcelorMittal, Executive Vice President and Chief Executive Officer
Sandeep Nijhawan: Founder and CEOPast Role: Intermolecular, SVP & GM - Clean Energy Group
About the Company
Electra focuses on producing clean iron through innovative electrification and decarbonization methods in the steelmaking industry. The company utilizes renewable energy sources to significantly reduce carbon emissions associated with traditional iron production. Electra operates a pilot plant that demonstrates its technology's capability to
convert high-impurity ores into metallic iron efficiently. Additionally, the company collaborates with partners to enhance resource efficiency and promote sustainable practices within the steel sector. Through these initiatives, Electra aims to contribute to a more environmentally friendly and sustainable future in metal production.
